WSFS Bank Donates $200,000 to Local Organizations to Accelerate Small Business Recovery Efforts

WSFS Bank | June 25, 2020

Today, WSFS Bank announced a $200,000 donation to four organizations, providing relief grants to help local small businesses within the Bank’s footprint impacted by the pandemic. In addition, WSFS dedicated more than 200 Associates to work on Paycheck Protection Program applications and received approvals for more than 5,000 loans worth nearly $1 billion. These businesses employ about 100,000 people in the region. As the pandemic continues to take an unprecedented toll on businesses in the region, many small businesses are struggling to maintain the funding needed to stay in operation.

Spotlight

Would you hesitate to buy fire insurance for your lab or office building? Of course not. What about liability insurance in case someone slips on your steps? Same answer. But have you insured what could be your most valuable asset - your top employees? If not, you should consider key-person insurance. The know-how, judgment and experience that build a business are found in people, not equipment or machinery. The company president, its key scientist or other essential employee helps develop new products, attract investors and generate profits. Those people could be your most important asset.


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TECHNOLOGY

OYO UK partners with PredictHQ to drive more accurate forecasts with AI and data-driven demand solutions

OYO | March 16, 2022

OYO, the leading travel technology brand today announced a partnership with PredictHQ, the demand intelligence company, to provide OYO with the necessary data and insights to drive demand and enable smarter pricing and packaging of its rooms. The collaboration will see OYO use PredictHQ's enriched and verified event data and allow OYO to use data and AI, to empower patrons and guests, turning the challenges of a post-pandemic era into opportunities for the future. It will also see OYO become a more data and tech-focused company that makes data-informed decisions, and enables guests to easily research, book and change their reservations and allow patrons to prepare for busy and quiet periods as effectively as possible. "The pandemic blew demand patterns to pieces, but there is a lot for travel companies to be optimistic about if they're armed with the right data. With domestic travel being super competitive and as international and business travel rebound, it's never been more important for accommodation providers to uncover and quickly act adapt to events driving surges in demand, to ensure they are ready to meet very welcome influxes of guests." PredictHQ CEO & Co-Founder Campbell Brown "We work with many of the world's largest accommodation providers, and the partnership with OYO, especially given their focus on providing a cutting-edge user experience for their customers, is one we're very proud of." Welcoming PredictHQ as a partner, Aman Aneja, Director of Revenue Management at OYO UK says, "While OYO has always been a tech-first, data-driven organisation, the collaboration with PredictHQ offers us additional data and deeper insights to deliver more value and solutions to our patrons and guests." He adds, "OYO is accelerating its innovation in travel and hospitality by implementing fresh tech that can accommodate and adapt to new customer expectations. This is a requirement to remain a healthy business in today's reality, but equally important is to offer new technologies that exceed current customer expectations and preferences." "Technology-led businesses have emerged from the pandemic in a stronger position, which is why it was so important for OYO to invest in technology, and learn to do more from less so that we are positioned to be the best partner for our patrons and the best brand for guests," concludes Aman. PredictHQ covers 19 categories of events, including sports, conferences, school and college holidays, and unscheduled events such as severe weather and natural disasters. About PredictHQ PredictHQ, the demand intelligence company, empowers global organizations to anticipate changes in demand for their products and services. PredictHQ's demand intelligence API aggregates events from hundreds of sources and verifies, enriches, and ranks them by predicted impact so companies can proactively discover catalysts that will impact demand. With PredictHQ, businesses gain a leg up on the competition and remain confident in their ability to meet customers' ever-changing needs. About OYO OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology that increases revenue and eases operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 157,000 hotel and home storefronts across India, Europe, Southeast Asia and 35 countries.

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BUSINESS STRATEGY

LegalShield Partners with NEWITY to Empower, Protect and Equip Small Businesses with Legal Services and Solutions

LegalShield | May 20, 2022

As we continue to spotlight small businesses during May, LegalShield, the leading provider of membership-based legal services and identity theft protection plans, announces a partnership with NEWITY, the small business marketplace dedicated to creating equitable access to SBA loans and trusted business service providers. As NEWITY’s official legal services provider, its 115,000 small business members will have access to LegalShield’s Small Business Legal Plans, services, and network of provider law firms Our organization cares deeply about the success and sustainability of small businesses and providing them with the tools and resources needed to survive and thrive. It’s important to us to partner with other organizations, like NEWITY, who are champions for small businesses so together, we can create a meaningful impact, said Jeff Bell, CEO of LegalShield. “We are committed to helping our community access the best business resources that enable their growth and profitability, LegalShield’s affordable legal and cyber protection tools are essential to protect the businesses our members have worked so hard to build.” -Luke LaHaie, Co-CEO and Co-Founder at NEWITY LegalShield has legal plans to help small business owners and entrepreneurs make smarter, safer business decisions. From launch phase to growth phase and beyond, members can connect to professional lawyers for advice, guidance and to assist with all legal needs pertaining to the business. NEWITY members will also have access to IDShield for Business, which provides businesses and employers with cybersecurity protection tools, reputation management, recovery services and more. About LegalShield A trailblazer in the democratization of affordable access to legal advice, counsel, protection, and representation, LegalShield is the world's largest platform for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management company, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to thousands of qualified, trusted attorneys and law firms. To learn more about LegalShield and IDShield products and services, visit LegalShield.com and IDShield.com. About NEWITY NEWITY is America's Small Business Marketplace, focused on empowering entrepreneurs with access to trusted service providers and affordable loan solutions – all in one place. NEWITY was founded in 2020 to better service Paycheck Protection Program loans. Today, NEWITY uses leading technologies to help small businesses access services that make running their business more efficient and more profitable. To join NEWITY’s growing small business community, visit NEWITYmarket.com.

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TECHNOLOGY

Firstbase Startup Platform Adds Wise to Initiate Instant Cross-Border Payments

Firstbase | June 08, 2022

Firstbase, the first all-in-one OS that allows anyone to incorporate a U.S. company and manage their entire business on a single platform, today announced a partnership with Wise (LON: WISE)—the global technology company that built the best way to move money around the world—to integrate the Wise Platform API into Firstbase Loop. Now any business can experience seamless account creation and verification with Wise directly through the Firstbase platform. Firstbase makes it easy for anyone in the world to incorporate a company in the U.S., while Wise makes it possible to instantly move money abroad more with lower exchange fees and other costs than traditional banking solutions. The tens of thousands of existing businesses on Firstbase now have a fast and affordable way to send money internationally, joining the 13M people and businesses using Wise—processing over $8B in cross-border transactions every month and saving customers over $1B a year by using the real exchange rate. Research conducted by Wise discovered that 46% of small businesses around the world operate internationally. Over half (51%) reported that the complexity of making and managing international payments is a major deterrent to either venturing or further expanding overseas. Ninety-five percent of the companies that incorporate with Firstbase onboard a business banking product. Over 80% of these companies that incorporate using Firstbase come from 180+ countries, with the largest markets including India, the United Kingdom, Nigeria, Pakistan, and Canada. As such, Firstbase customers require a cross-border, multi-currency financial solution that keeps pace with their company’s global footprint. Now with Wise seamlessly integrated into Firstbases’s all-encompassing platform, affordable international payments are readily available to match the digital demands facing today's founders. Wise ensures that all businesses have a trustworthy and transparent solution to send money abroad, which is now accessible within the Firstbase operating system,” said Ryan Zagone, Americas Partnerships Lead at Wise. “By integrating with Firstbase Loop, newly incorporated companies around the globe can now send money safely and with ease. “The global reach of Firstbase companies means we need financial solutions that work across the world, and that’s exactly what Wise offers our platform, Now any U.S. entity that Firstbase serves has an international money transfer solution they can count on with Wise.” -Firstbase CEO and founder Mark Milastsivy. About Firstbase Firstbase is the first all-in-one company OS that helps anyone launch, grow, and manage a U.S.-based business. With a growing suite of products, Firstbase makes it easy for founders to incorporate their business, access critical growth tools, and manage their company from a single online dashboard—no matter where they are located anywhere in the world. More than 15,000 founders from over 180 countries trusted Firstbase to help them launch their business. Start and grow your company in minutes at https://www.firstbase.io/ About Wise Wise is a global technology company building the best way to move money worldwide. With the Wise account, people and businesses can hold over 50 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money. 13 million people and businesses use Wise, which processes over £6 billion in cross-border transactions every month, saving customers over £1 billion a year.

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INDUSTRY OUTLOOK

TTG Imaging Solutions Announces Acquisition by Sentinel Capital Partners

Sentinel Capital Partners | December 28, 2021

TTG Imaging Solutions, LLC (TTG) announced today a partnership with Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies. The partnership between Sentinel and TTG's management team will drive the company's next phase of growth. Sentinel invests in management buyouts, acquisitions of family businesses, corporate divestitures, industry consolidations, and going-private transactions in the United States and Canada. TTG was founded by Jack Tomayko in 2004, and has been highly acquisitive in recent years, completing nine transactions across each of its business units since March 2019. "TTG has achieved significant organic and acquisition growth over the past several years. Our differentiated level of service across all business units, coupled with a customer-centric philosophy, attracts acquisition targets and customers alike." Matt Mastarone, President and CEO of TTG Mastarone continued, "It was our goal to find a partner who shared our vision of TTG within the broader medical imaging industry. We aim to provide the highest quality equipment and service and to deliver value to our customers through turnkey staffing and radiopharmaceutical solutions in our end-to-end model. Sentinel is the right partner to help us grow while maintaining our focus on this goal." "Since its founding, TTG has built a reputation of providing best-in-class services that allow physicians, imaging centers, and hospitals to offer top-quality patient care," said Paul Murphy, a Sentinel Partner. "The TTG team has developed an impressive growth playbook and we are thrilled to provide them the capital and support to significantly expand the business. We look forward to working with TTG's talented team as they enter their next chapter of growth." The TTG end-to-end Solution is comprised of: TTG Imaging Solutions – new and refurbished equipment sales, clinical applications support, parts, and nationwide service that help the marketplace extend the useful life of its valuable medical imaging equipment Cardiac Imaging Solutions – turnkey nuclear, echo, and vascular testing programs that offer physician practices and health systems the flexibility and efficiency of an outsourced model TTG Isotopes – radiopharmaceuticals that include cardiac imaging agents, custom-compounded iodine therapy, and a complete line of products used in general imaging. TTG was honored in 2021 by the Pittsburgh Business Times as the fastest growing organization in the region for the $25-$100 million revenue category. About TTG Imaging Solutions, LLC (TTG) TTG Imaging Solutions provides a breadth of product and service offerings with its End-to-End Solution. Through organic growth, key partnerships, and targeted acquisitions, TTG delivers solutions to a broad continuum of healthcare providers within the United States. ISO 9001:2015 and ISO 13485:2016 certified in sales, repair, refurbishment, installation, parts, and servicing of medical imaging devices. About Sentinel Capital Partners Sentinel specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions.

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Spotlight

Would you hesitate to buy fire insurance for your lab or office building? Of course not. What about liability insurance in case someone slips on your steps? Same answer. But have you insured what could be your most valuable asset - your top employees? If not, you should consider key-person insurance. The know-how, judgment and experience that build a business are found in people, not equipment or machinery. The company president, its key scientist or other essential employee helps develop new products, attract investors and generate profits. Those people could be your most important asset.

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