BUSINESS STRATEGY

Yelp Announces “Make It Happen Day” to Galvanize Texans to Make Repairs to Their Homes and Businesses

Small Business News | August 23, 2021

Yelp is declaring August 26 “Make It Happen Day” in Texas, in response to the challenging year small businesses and residents endured due to the ongoing impacts of COVID-19, Winter Storm Uri, and severe weather. A $100,000 Make It Happen Day Fund has been established to help small businesses and consumers across Texas make much-needed repairs. The fund will go towards covering the cost of improvement projects for select small businesses across Texas, including community-serving nonprofit Comfort Cafe in San Antonio, as well as eligible Texas residents in need of home updates or repairs.

To help spread the word and get funds to those in need of updates to their spaces, Yelp has partnered with Texas resident Brooklyn Decker — actor on Netflix's “Grace and Frankie” and self-described home decor fanatic.“To give back to Texans across the state, I’ve partnered with Yelp to launch a $100,000 Make It Happen Day fund. We had a tough year and spent more time in our homes than ever before. I'm glad we can bring some much-needed good news to those looking to make necessary repairs and updates. I can't wait to see all the great projects Texans will spearhead to spruce up their homes and small businesses,” says Brooklyn Decker.

Millions of users come to Yelp each month to find highly-rated, trusted home professionals for everything from small home repairs and landscapers, to contractors and roofers for larger projects. With many small businesses and Texans still grappling with the devastating impacts of COVID-19 and Winter Storm Uri, Yelp introduced the new Make it Happen Day fund to encourage and help the community make repairs and updates that might currently be out of reach.

As a part of Make It Happen Day, 50 Texans will have a chance to win $1,000 toward their project with one of the many trusted home services professionals on Yelp. Eligible Texans can enter for a chance to win by using Yelp’s Request a Quote feature to find a home services professional in their area, and submitting the quote at MakeItHappenDay.Yelp.com on August 26, 2021. *The Official Rules are available at MakeItHappenDay.Yelp.com/Rules.

As many beloved pillars of the community experienced further challenging circumstances, with recent flooding, fires and damages to their facilities, Yelp will also donate $10,000 to help five local businesses across the state make much-needed repairs and updates to their establishments. In addition to San Antonio's Comfort Cafe, recipients include Austin Pets Alive!, Austin's House Park Bar-B-Que, Dallas’s Casita Tex Mex and Houston’s The Big Easy.

About Yelp
Yelp Inc. connects people with great local businesses. With unmatched local business information, photos, and review content, Yelp provides a one-stop local platform for consumers to discover, connect, and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment, or purchase. Yelp was founded in San Francisco in July 2004.

Spotlight

Getting started with social media can feel overwhelming for small businesses. But you don’t need to rack up millions of followers or have a slick brand campaign to make effective use of these budget-friendly tools.Social media is one of the best ways to connect with fans and potential customers. If you don’t have a presence on the main networks, you’re missing out on an audience that’s ready and willing to connect with your brand.Using social media for small business doesn’t have to be scary or expensive. Using these 11 simple social media marketing tips, businesses of any size can reach new markets, build awareness, and drive sales.


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TECHNOLOGY

FIS Helps Small and Mid-Sized Financial Institutions Digitally Transform Through New Embedded Finance Capabilities in Partnership with Treasury Prime

FIS | May 16, 2022

The global economy’s digital transformation is accelerating, and community and regional banks are seeking ways to offer the most advanced digital capabilities and open new channels for distribution. To help these financial institutions meet the growing need for digitally-native banking experiences and grow their client base, FIS® (NYSE: FIS) has announced a new embedded finance offering developed in partnership with Treasury Prime. Embedded finance is a key industry trend that enables any company to become a fintech company by embedding financial services capabilities such as banking, credit, payments, insurance and investments in their digital channels. By making it easier for small and mid-size financial institutions to offer enhanced digital banking services to their customers, FIS’ embedded finance offering can empower them to compete in new ways. Through this innovative application programming interface (APIs)-based offering, FIS’ banking clients and the businesses they serve will have new ways to manage deposits, accounts payables and other critical banking processes digitally and remotely. Embedded finance can also help financial institutions create new revenue streams by expanding their client base outside their traditionally local footprint. Embedded finance is a growing trend in the market because it allows businesses to bring innovative ideas quickly to market by combining financial services with user experiences right at point of need, said Kelly Beatty, Head of Payments at FIS. Embedded finance also extends the seamless convenience of in-app purchases—like for a ride-share—to commercial uses such as lending, paying bills, contractors, and insurance. These are all experiences centered around the needs of customers. By integrating financial services into business software, those consumer expectations are met in new channels and extend the vast reach of financial services. “The banks that take advantage of embedded services now have the opportunity to become the foundation for a new generation of financial institutions, Banks are starting to see the potential revenue streams embedded finance promises, and we’re excited to be working with FIS to help these clients with the processes, security and integration to deploy these banking services rapidly.” -Chris Dean, co-founder and CEO at Treasury Prime. The first financial institution to tap into FIS’ embedded finance services is Grasshopper, a leading-edge, digital commercial bank. Grasshopper partnered with HUMBL, a Web 3 blockchain company with both consumer and commercial divisions, to utilize their bank services, powered by FIS and Treasury Prime, across its user base. “We are very excited to partner with FIS and Treasury Prime on this large and growing embedded finance opportunity, Our vision has been clear from the start: we wanted to better serve the needs of fintechs, small and medium-sized businesses, and the venture community. This BaaS platform and sophisticated set of APIs allows us to leverage technology and provide an enhanced banking experience for our clients.” -Chris Tremont, Chief Digital Officer at Grasshopper. About FIS FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

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IMPACT

H&R Block Continues Partnership with Nextdoor® to Connect Neighbors and Improve Communities Across the Country

H&R Block | February 24, 2022

H&R Block announces its third consecutive year of partnership with Nextdoor to find and execute 10 community improvement projects through Block's Make Every Block Better community impact platform. Now through March 31, people can nominate their neighborhood for a project that helps improve the places and spaces where neighborhoods convene. The call for community improvement projects supports neighborhoods and involves small businesses, ultimately positively impacting millions of Americans. The companies will narrow the submissions and bring 10 winning projects to life. Nominations are open for the following categories: neighborhood beautification, neighborhood cleanup, park renewal, community garden and more. In the last two years, this partnership between H&R Block and Nextdoor has received nearly 4,000 submissions narrowed down to 20 projects across the country. The chosen neighborhoods came together to build gardens, community spaces, murals, revitalizations and even a butterfly sanctuary. One example includes a playground project in New Jersey’s West Milford neighborhood that continues to bring life to the community. “The local kids and parents are spending more time together and helping to build better relationships with neighbors at the playground, but it has also increased our community pride.” Elisabeth Kenney, a resident of West Milford, N.J. This partnership is just one way H&R Block is working to Make Every Block Better through its community impact platform, which launched in 2019. To date, the company has supported more than 258 communities and 304,000 small businesses, with H&R Block associates volunteering more than 205,000 hours. About H&R Block H&R Block, Inc. provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with innovative products like Wave Money, a small-business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. About Nextdoor Nextdoor is where you connect to the neighborhoods that matter to you so you can belong. Kindness is core to our purpose: to cultivate a kinder world where everyone has a neighborhood they can rely on. Neighbors around the world turn to Nextdoor daily to receive trusted information, give and get help, get things done, and build real-world connections with those nearby neighbors, businesses, and public services.

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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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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

Getting started with social media can feel overwhelming for small businesses. But you don’t need to rack up millions of followers or have a slick brand campaign to make effective use of these budget-friendly tools.Social media is one of the best ways to connect with fans and potential customers. If you don’t have a presence on the main networks, you’re missing out on an audience that’s ready and willing to connect with your brand.Using social media for small business doesn’t have to be scary or expensive. Using these 11 simple social media marketing tips, businesses of any size can reach new markets, build awareness, and drive sales.

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