Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Distribution One Announces New Head of Global Customer Success and Operations


Distribution One, a leading provider of ERP distribution software solutions, announced that Jim Maher has joined as Director, Global Customer Success and Operations. In this role, Mr. Maher will a member of the executive leadership team reporting to Distribution One co-founders Larry Ward and Dean Christianson, and will lead the company’s customer support, implementation, and operations organizations. He brings more than 25 years of enterprise customer success, operations, sales, and strategy experience at leading software and consulting companies such as Model N, Salesforce, Bluewolf, and Epicor.

“We are very excited and fortunate to have Jim join our team to offer fresh operational insight as we adapt to the changes impacting modern distribution,” said Larry Ward, President and co-founder at Distribution One. “With his extensive background in distributor ERP and deep commitment to customer service, Jim will further strengthen the relationships we forge with every customer.”

“I am very pleased to be joining the Distribution One team,” said Maher. “The company serves the complex ERP needs of wholesale distributors, an industry in which I’ve spent a large part of my career. I’m excited to join the company to deepen our customer relationships, and to drive innovation in our customer experience and operations.”

Most recently, Jim was Senior Director of Sales Operations and Enablement at Model N, a leading provider of cloud revenue management solutions for life sciences and high-tech companies. Prior to that, he provided CRM strategy guidance in his roles as Customer Success Director at Salesforce.com and Engagement Manager at Bluewolf. His roots in the wholesale distribution industry run deep with over 20 years’ experience at distribution ERP software companies including Epicor, Activant, and Prophet 21, and at a family-run import-distribution business. He graduated from the University of Miami with a Bachelor of Science in Communication.

About Distribution One

Distribution One is an industry-leading developer of innovative customer-focused Enterprise Resource Planning (ERP) software designed specifically for the needs of wholesalers and distributors. Formed in 1996 and headquartered in Mount Laurel, New Jersey, Distribution One operates a branch office in Irving, Texas, as well as a network of ERP specialists in eight states across the country. This team thrives on providing solutions and support to customers across the United States, Canada, and into Europe.

Distribution One’s 8000+ users operate in a variety of industries worldwide from fasteners, adhesives, industrial supply, and food service to electrical, retail, hardware, and janitorial supply to name a few. Wholesalers and distributors of every size trust Distribution One’s turnkey software to streamline productivity, automate operations, and access critical real-time data to strengthen competitive advantage and expand profitability.

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Piggly Wiggly Alabama Selects HIMPACT by Herlitz Inventory Management to Improve Buyer Efficiencies and Boost Profitability


Herlitz IM Logo

Herlitz Inventory Management

“We feel confident all of our purchase orders will flow through HIMPACT by June 20, and PWA will still meet its goal of planning nearly all July 4th orders through HIMPACT.” —David Bullard, President and CEO, Piggly Wiggly Alabama Distributing Company, Inc.

Herlitz Inventory Management, leading innovator in scientific demand forecasting, replenishment and optimization, announced that Piggly Wiggly Alabama (PWA) has selected HIMPACT as its new purchasing system. While E3 Trim was an effective product for its time, there were opportunities for improvement because of new technologies. Piggly Wiggly understood this and wanted to upgrade to HIMPACT. The speed of implementation was paramount for Piggly Wiggly. They wanted their new purchasing system to be up and running before the 4th of July holiday. This is often not possible with other purchasing systems but is a key differentiator for Herlitz Inventory Management. Additionally, the purchase order management features in HIMPACT, which calculates and allocates freight and provides a more accurate landed cost was of interest.

Carl Herlitz, President & CEO of Herlitz Inventory Management, stated, “We’re grateful for our new partnership with Piggly Wiggly Alabama. Its leadership is forward-thinking and sees the financial and productivity value in a purchasing system like HIMPACT. We were especially proud to have helped PWA meet their internal planning goal.”

The Herlitz team began technical planning only a week after Piggly Wiggly Alabama signed. During this week, a VM server was configured. In the following week, timelines, training schedules, and training topics were discussed and planned. In this same week, HIMPACT was up and running using current data from Piggly Wiggly Alabama. Less than a month later, buyer training was started. The COVID-19 crisis unfortunately hit Alabama midway through training, putting a halt on progress.    

“The Herlitz team demonstrated their value during the initial phase of the pandemic,” commented Scott O’Brien, Director of Grocery Systems, Piggly Wiggly Alabama Distributing Co., Inc. “Our team of buyers was only about halfway through training when the crisis arose, causing us to put the training on hold while we focused on our customers. The Herlitz team supported us the whole time.” On May 15, 2020, training was resumed. Due to safety restrictions, the training sessions were adapted and conducted virtually. Despite the two-month pause in training, the Piggly Wiggly team of buyers continued to review their vendors and items in HIMPACT during the break.

“Now that the initial training classes have concluded, and more Purchase Orders are written in HIMPACT, we feel confident all of our purchase orders will flow through HIMPACT by June 20, and PWA will still meet its goal of planning nearly all July 4th orders through HIMPACT,” said David Bullard, President and CEO, Piggly Wiggly Alabama Distributing Company, Inc.

Aside from the speed of implementation, Piggly Wiggly was interested in other features offered by HIMPACT, one of which is called Super Item. This feature enables perishable and other department users to source items from one country for a portion of the year, and then switch to a new vendor for the remaining months, and even overlap sales. Super Item is used to combine the demand history for such items, allowing the buyers to easily create a reasonable seasonal profile and have the system manage the forecast. With this feature, customers can source produce from one region in the winter months, and then from another when more local product is available. To the end shopper, there is no difference; but managing this sourcing switch for buyers is easier than ever once using HIMPACT.

Herlitz added, “We are delighted with the enthusiasm of all the buyers at PWA but particularly the perishable buyers. They were using E3 Trim as an order placing system only, utilizing paper reports and years of experience to derive their order quantities. During the first week of training, we demonstrated that once configured, the suggested orders generated by HIMPACT are within a couple cases of what they were ordering manually. They have realized that HIMPACT can create orders that they would and now are accepting in the system.

To learn more about Herlitz Inventory Management, visit https://herlitzim.com/ or call

(617) 871-9001.

About Herlitz Inventory Management

Founded in 2009, Herlitz Inventory Management (Herlitz IM) provides tightly integrated Demand Forecasting, Order Optimization, Pro- motion and Forward Buying. Herlitz innovative designs are an industry standard; used by thou- sands of companies to optimize inventory.

With end-to-end visibility and new insights, HIMPACT is uniquely suited to today’s market- place, delivering optimized buying quantities, highly satisfied customers and tighter inventory management.

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Digital Hands Taps Technology Leader to Focus on Innovation and Scale as Chief Technology Officer


CTO

Jason Allen, Digital Hands CTO

“The opportunity to bring my experience in scaling global engineering teams to support the growth of Digital Hands was a welcome adventure given the company’s longstanding managed security services track record and entrepreneurial culture”, said Jason Allen.

Digital Hands, a leading cybersecurity managed services company and top ranked MSSP specializing in safeguarding mid-tier and large enterprises, announced the appointment of Jason Allen as its Chief Technology Officer effective June 1, 2020. Allen will lead Digital Hands’ Development and Security Operations (DevSecOps) as Chief Technology Officer.

Allen brings over 20 years of technology leadership and a proven track record for innovation. As a CTO he enjoys being a hands-on leader with a focus on software engineering and product development. In addition to his contributions at MessageControl and Yello, Jason supported the high-energy physics research programs at the Fermi National Accelerator Laboratory, US Department of Energy.

“The opportunity to bring my experience in scaling global engineering teams to support the growth of Digital Hands was a welcome adventure given the company’s longstanding managed security services track record and entrepreneurial culture”, said Jason Allen. “I look forward to collaborating with the team and building enabling technologies that will enhance our unique capabilities to protect and defend our customers from an increasingly sophisticated threat landscape. After many years of building products for some of the world’s largest companies, I am thrilled to join a company that not only values product innovation but consistently utilizes technology in an “as-a-service” delivery model that provides the fastest time to realizing value for their customers.”

Digital Hands actively supports over 40 cybersecurity technologies and intends to expand legacy support to an increasingly complex vendor environment. While the company continues to grow, it will remain focused on offering cybersecurity services and expand its offerings to mid-tier companies that require the same cyber expertise, tools, and streamlined processes that the company delivers to its its large enterprise organizations.

“We welcome Jason to the Digital Hands leadership team with great enthusiasm. With his impressive set of skills, I am confident that he will elevate the sophistication of our technology operations and accelerate the development and integration of our platforms in order to continue to exceed our customers‘ expectations,” said Charlotte Baker, Chief Executive Officer, Digital Hands. “Jason’s wealth of experience in building highly successful technology teams and innovative security platforms will be instrumental to our long-term growth strategy.”

In addition to Allen’s DevSecOps career, Allen has served a trifecta of Active Duty, Army Reserve, and Army National Guard posts where he received numerous awards including the Bronze Star and Army Commendation medals for service in Operation Desert Storm. Playing an active role in the technology community is important to Allen and he was the the founder of the Chicago DevSecOps Meetup group that has grown to over 400 members.

About Digital Hands:

Recently named as one of the Top 100 MSSPs in 2019, Digital Hands is an award-winning managed security service provider focused on delivering 24/7 security operations and services to customers. Digital Hands solutions are delivered through CyGuard™, the company’s proprietary platform that combines leading-edge technologies, proven operational processes, comprehensive cyber threat intelligence with in-depth engineering and analytical expertise into one complete solution. Our MSSP and MDRR services are designed to manage, protect, and respond for our customers, allowing just the right amount of customization to accommodate unique needs yet still benefit from the scale afforded by our security operations. Get answers at https://www.digitalhands.com.

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Alera Group’s Danielle Capilla Named Among Top 20 Women in Benefit Advising


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Within her role at Alera Group, she has created collaborative in-house compliance offerings, while also serving on Alera Group’s Diversity & Inclusion Steering Committee and the Women’s Leadership Council.

Danielle Capilla, Employee Benefits Director of Compliance for Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, was chosen as one of the Top Women in Benefit Advising for 2020 by Employee Benefit Adviser (EBA).

This award recognizes contributions made to the employee benefits field, including outside-the-box solutions, innovative leadership, and passion for mentoring and developing other women in the industry.

Capilla’s experience showcases her as a deserving recipient of this award. Within her role at Alera Group, she has created collaborative in-house compliance offerings, while also serving on Alera Group’s Diversity & Inclusion Steering Committee and the Women’s Leadership Council.

“I am honored to be named as one of the top 20 women in benefit advising,” said Capilla. “I look forward to continuing to advance our industry through powerful compliance solutions that meet the needs of our clients across the country.”

Capilla’s particular areas of expertise include health care and employee benefit compliance, with an emphasis on the Patient Protection and the Affordable Care Act. Additionally, she regularly works with issues regarding Section 125 plans, COBRA, ERISA, Medicare, HIPAA and consumer-driven health care plans.

In addition, Capilla focuses on enhancing Alera Group’s existing compliance capabilities and building new, world-class compliance solutions for Alera Group’s employee benefits clients. Previously, Capilla was the Senior Vice President of Compliance and Operations for United Benefit Advisors.

About Alera Group

With over 80 locations across the country and nearly 2,000 teammates, Alera Group works together to deliver solutions in employee benefits, property and casualty, retirement services and wealth management. Built on a unique model of collaboration, Alera Group is now the 17th largest independent insurance agency in the United States. For more information, visit aleragroup.com.

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HFactor® Announces Partnership with Presence Marketing


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It is an honor to be teaming up with Presence, and truly amazing to see HFactor made more readily available for organic and natural food stores…

Continuing their efforts to better serve their retail partners HFactor®, hydrogen infused functional water is excited to announce its new partnership with Presence Marketing, the Nation’s largest independent organic and natural food broker.

Over the past 25 years, Presence has grown from a small Midwest-based natural and organic food brokerage, to a national powerhouse with more than 500 employees. The company has established several pivotal partnerships within the natural and conventional grocery channels.

“It is an honor to be teaming up with Presence, and truly amazing to see HFactor made more readily available for organic and natural food stores,” said Gail Levy, founder and CEO of HFactor. “Developing HFactor was a passion project for me that came as a result of losing my best friend to cancer. This life event sparked the motivation in me to develop the first truly functional water on the market. It is well known how selective Presence is when choosing the brands to include within their family. I believe this is a testament to how much they believe in HFactor and the future of better for your brands.”

Tracey Miedema, Vice-President, Innovation & Brand Development for Presence agrees. “We at Presence are so pleased to now be representing HFactor. Element-infused hydration is on the cusp of breaking through in a big way and we love that this water delivers antioxidants and improves immune response.”

Since launching in 2017 in retail locations nationwide HFactor has expanded their product offering to include four flavors (Honeydew, Watermelon, Blood Orange and Tart Cherry) while maintaining and no sugar or calorie formula and a large format 20oz. The brand also partnered up with TerraCycle to set up a program to fully recycle their pouches into useful products like park benches and picnic tables.

A sampling of retailers where HFactor products can be found nationwide are Albertsons, Safeway, Walmart, Wegmans, Giant, Sprouts, Gelsons, Erewhon. For a more detailed list of retailers in your area please visit https://hfactorwater.com/pages/product-locator

About HFactor:

HFactor® is the first functional water infused with the documented benefits of molecular hydrogen. HFactor has just two ingredients, pure water and pure hydrogen gas. There are over 1500 published papers on the benefits of molecular hydrogen in health and wellness. Hydrogen is a brilliant antioxidant proven to reduce inflammation and increase athletic performance.

Created by its Founder, Gail Levy is a serial entrepreneur and mentor. Gail along with select industry subject matter experts in health and wellness, beverage and distribution successfully took this revolutionary product to market in 2017. HFactor® is naturally infused with pure hydrogen to provide refreshing hydration plus therapeutic benefits for fitness, health and lifestyle recovery. It comes in a carry-anywhere (BPA free) pouch that optimizes the integrity and pureness of its hydrogen content. HFactor® engineered a proprietary reverse osmosis filtering system (patent secured) that ensures the purity and taste of the water, delivering PURE hydrogen and PURE water, and NOTHING else. HFactor® water is sourced and packaged in the United States and is available online and in stores nationwide. For more information visit: HFactorWater.com

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Reliance Standard to Transform its Claim Management Process with ClaimVantage


We believe ClaimVantage’s cloud-native solution is an ideal component of our next-level service strategy, creating a dynamic, flexible IT ecosystem to improve service and speed to market long into the future.

ClaimVantage, an international provider of life, health, and absence management solutions, today announced that Reliance Standard Life Insurance Company has selected ClaimVantage as its Claims Management software provider. Reliance Standard is a leading group insurance carrier specializing in employee benefits solutions for companies of all sizes.

ClaimVantage’s industry-leading software, built natively on the Salesforce Platform, will play a key role in Reliance Standard’s digital transformation project as they move to the cloud. The software, which provides Reliance Standard with a single solution for managing multiple aspects of their business, will enable Reliance Standard’s claims team to spend more time risk managing claims, rather than task managing.

“We chose to partner with ClaimVantage as part of a comprehensive, multi-year core systems transformation,” said John Albanese, senior vice president and Chief Information Officer of Reliance Standard. “We believe ClaimVantage’s cloud-native solution is an ideal component of our next-level service strategy, creating a dynamic, flexible IT ecosystem to improve service and speed to market long into the future.”

Reliance Standard has already begun partnering with ClaimVantage as the software provider reimagines the claims management process. Over the past couple of months, Reliance Standard has been an active participant in ClaimVantage’s user experience research, providing insights and direction for the future of ClaimVantage’s Claims Management Solution, which is continually updated to keep its customers at the forefront of the latest innovations in the industry.

In 2018, ClaimVantage began working with Matrix Absence Management, a leading absence management administrator, and Reliance Standard’s native claims and leave management engine. Matrix and Reliance Standard are members of the global Tokio Marine Group of companies.

“We’re excited to work with Reliance Standard and help them improve their claims process,” said ClaimVantage CEO, Leo Corcoran. “Our continuously evolving solution will provide Reliance Standard with a state-of-the-art system for years to come, and we’re thrilled that they’ve already been active in helping shape the future of the software.”

About ClaimVantage

ClaimVantage offers industry-leading life, health, and absence management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers. ClaimVantage provides cloud-native, automated claims processing solutions that drive efficiency, accuracy, and productivity, helping its customers to deliver superior customer service.

With its North American headquarters in Portland, Maine, and European headquarters in Dublin, Ireland, ClaimVantage also has teams in EMEA and APAC.

For more information about ClaimVantage, visit claimvantage.com.

About Reliance Standard

Reliance Standard Life Insurance Company is a leader in absence and employee benefits solutions including financial protection, absence management and supplemental health, with a portfolio of insurance products that include disability, life, accident, critical illness, hospital indemnity, dental, vision, medical stop loss and limited benefit medical. Reliance Standard markets these solutions nationwide through independent brokers and agents to employers of all sizes. Rated A+ (Superior) by A.M. Best, Reliance Standard was founded in 1907 in Chicago, IL.

Media Contact

Sarah Courtney

sarahcourtney@claimvantage.com

David Gittelman

david.gittelman@rsli.com

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StevenDouglas Named In “America’s Best Recruiting Firms” Recognitions


Steven Douglas Recruiting Firm - America’s Best Recruiting Firms  Forbes and Statista, Hunt Scanlon’s Top 50 Executive Search Firms in North America.

StevenDouglas Named In “America’s Best Recruiting Firms” Recognitions

“I am extremely excited and honored to have the firm recognized on both the Forbes list of America’s Best Recruiting Firms and Hunt Scanlon Top 50,” says Founder & CEO, Steve Sadaka.

StevenDouglas, a national executive search and interim resources firm founded in Florida in 1984, is receiving accolades on two prominent lists. Recently the firm appeared on not only America’s Best Recruiting Firms Executive Search list by Forbes and Statista, but also Hunt Scanlon’s Top 50 Executive Search Firms in North America.

In 2019, StevenDouglas reached major milestones, exceeding $60 million in revenue, opening multiple offices across the U.S., and expanding their footprint in key markets with client demand. The firm has experienced over 1200% growth since 2005, making it one of the fastest growing firms in the U.S. Currently they have just under 100 corporate and client service professionals, and have also added staff in 2020.

“I am extremely excited and honored to have the firm recognized on both the Forbes list of America’s Best Recruiting Firms and Hunt Scanlon Top 50. Given current circumstances, I’m also grateful to be in the fortunate position where our clients didn’t have to worry about any negative impact to firm services in 2020, even with the uncertainty due to the pandemic,” says Founder & CEO, Steve Sadaka. He went on to say, “It was our top priority to keep moving forward, and make sure we were there for our staff, clients and candidates.”

According to Forbes, to determine their final list, Statista surveyed 25,000 recruiters and 5,000 job candidates and human resources managers who had worked with recruitment agencies over the last three years. Firms could not nominate themselves, and more than 17,000 nominations were collected, with those firms receiving the most recommendations making the list.

StevenDouglas, recognized again in 2020, has moved up to #29 on the Hunt Scanlon’s Top 50 Executive Firms in North America list. They also rank on that list as the #1 Florida based firm & #2 firm based in the Southeast region of the country. Hunt Scanlon Media has provided global staffing intelligence data to the senior talent management sector for over 25 years.

When StevenDouglas President, Matt Shore was asked how the firm has been able to grow so successfully over the years, he responded, “The main reason we keep growing is a combination of great people, great culture, and our business model. By creating a great culture, we have been able to attract and retain some of the best talent in the industry that deliver on their promises. We also offer highly diversified services, specializing not only in executive search, but also interim resources and IT staffing.”

About StevenDouglas:

StevenDouglas, one of the nation’s leading Search and Interim Resource firms, is a recognized leader in identifying and providing access to top talent and executives for companies since 1984.

The firm has been connecting premier candidates to their client base that spans an array of high-demand disciplines, and a broad range of industries. StevenDouglas is nationally known for search expertise in Finance & Accounting, Human Resource, Information Technology, Financial Services, Operations, Sales & Marketing, Legal, Risk & Compliance, Supply Chain & Logistics; As well as providing interim resources and staffing for Information Technology, Finance & Accounting, and Human Resources.

StevenDouglas supports companies at any phase, including start-ups, emerging middle-market, and Fortune 500 companies. The firm also has established relationships and a successful track-record with private equity and venture capital firms, as well as family offices. It’s one of the fastest growing recruiting firms in the U.S. with locations across the country, including a presence in Latin America & Canada.

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Glutalor Medical Announces ISO 13845 Certification


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This certification illustrates the company’s continued commitment to quality, safety, and performance, and is an important milestone in the company’s efforts to bring value-based health care to patients around the world through improved diabetes management support & control.

Glutalor Medical, a medical technology company focused on the development and manufacturing of continuous glucose monitoring devices (CGM), announced today that the Company has satisfied the requirements for ISO 13845 certification for its medical device and quality management systems.

ISO 13845 is the most widely used international standard for quality management in the medical device industry and is the regulatory standard for manufacturing medical devices with intention of commercialization of medical products mainly in EU. Glutalor Medical passed the ISO 13845 certification audit on May 29, 2020. Glutalor Medical’s flagship product, the iWEL® CGM system, brings together simple reliable sensing, automated easy monitoring and advice via smart phone, and central health analytics of relevant parameters via a cloud-based solution. This certification enables the manufacture of CGM sensors for other markets with its state-of-the-art automated production line in its Exton, Pennsylvania facility.

“We are proud to have received our ISO 13845 certification, recognizing our compliance with the legal and regulatory requirements of the global medical device industry,” said Garry Courtney, Vice President of Quality and Regulatory at Glutalor Medical. “This certification illustrates the company’s continued commitment to quality, safety, and performance, and is an important milestone in the company’s efforts to bring value-based health care to patients around the world through improved diabetes management support and control.”

About Glutalor Medical

Glutalor Medical provides life-changing diabetes disease monitoring and management solutions to those who need them, improving the understanding and management of diabetes. They bring solutions to continuously sense health status and support real time health management. Initial focus of the company is Diabetes Management with its Continuous Glucose Monitoring (CGM) solution and cloud-based analytics. The company is headquartered in Exton, PA. For more information visit http://www.iwelmed.com.

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Data Dynamics Welcomes Technology Leaders, Helen Johnson as CTO and Brijesh Kumar as VP of Development while Promoting Orooj Khan to VP Product Engineering


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We are excited to have Helen and Brijesh join our team as they bring strong leadership skills, years of experience and expertise, and a ‘get it done’ attitude.

Data Dynamics, the leader in hybrid cloud file management, announced today that technology industry leaders, Helen Johnson and Brijesh Kumar, have joined the Data Dynamics family. Helen is responsible for the technology vision and world-wide R&D teams based out of the US, UK, and India. Brijesh is responsible for Data Dynamics’ product development efforts globally.

Helen is focused on building product offerings which simplify and accelerate the enterprise movement to a hybrid cloud while providing new levels of unstructured data insight and analytics with business impact measured by operational risk reduction and optimization of the underlying infrastructure. Most recently serving as Chief Data Officer at AIG, Helen brings over 25 years of FinServ application development and IT technology leadership to Data Dynamics.

Data Dynamics’ Founder and CEO, Piyush Mehta, said, “We are excited to have Helen and Brijesh join our team as they bring strong leadership skills, years of experience and expertise, and a ‘get it done’ attitude. It is the combination of their skills and personalities that make them the perfect fit for our organization. Their joining, in conjunction with a well-deserved promotion for Orooj, will help continue to drive our thought leadership in how enterprise customers look to extract value out of their unstructured data in an optimized hybrid cloud environment.”

Joining Helen’s team is Brijesh Kumar who will lead the global software development team. Brijesh has been developing successful solution offerings for leading technology companies for the last 20 years. Brijesh is a 16 year veteran of developing innovative platforms for Zensar Technologies where he held multiple positions including: Delivery Leader for Retail and Consumer Services and AVP/ Group Delivery Head for Digital Commerce and multiple other positions. Prior to that, he was a Senior Software Engineer for Infosys.

Data Dynamics also announced that Orooj Khan has been promoted to Vice President of Product Engineering. Orooj previously held the position of VP of Engineering and is instrumental in the development of Data Dynamics’ product offerings for 8 years. She previously held engineering positions with Brocade and Intel.

Data Dynamics will open its Development Center of Excellence in Pune, India in July when local authorities permit COVID work restrictions to be lifted. The Pune development center will support a team of over 50 product management and development team members.

About Data Dynamics

Data Dynamics is the pioneer of unified unstructured data management software. With more than 350 customers around the world, Data Dynamics enables organizations to analyze, manage, move and modernize their data anywhere. Data Dynamics accelerates the adoption of hybrid, public and multi-cloud strategies, builds higher quality SLAs, and improves business process modernization. For more information, visit http://www.datadynamicsinc.com

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Afficiency Inc, Launches Second Product


Afficiency has been a valuable partner in designing a product and buying experience that meets the unique life insurance needs of individuals navigating open enrollment benefits, “ said Yaron Ben-Zvi, CEO of Haven Life.

Afficiency Inc, an insurtech platform company that designs and builds innovative life insurance products for digital distribution, today announced the launch of its second product.

Working with Haven Life, a digital life insurance agency backed and wholly owned by MassMutual, Afficiency has launched a worksite version of its income replacement product. Offered for a 10 or 15 year term, this product continues to pay an employee’s regular paycheck to loved ones in the event the covered employee dies. Unlike most worksite offerings, this is an individual life insurance product. It is instantly underwritten, completely portable and offers coverage of up to $10,000 a month.

Until now, there was no simple 100% digital solution for buying easy-to-understand life insurance at sizable coverage amounts in the worksite. We are excited to bring this product to consumers with our powerful API-driven platform, which delivers the seamless purchase of tailored, individual life insurance in minutes”, said Mark Scafaro, CEO of Afficiency, Inc. “We are pleased to partner with Haven Life to bring this unique new product to customers during their benefits enrollment, so that more individuals can easily secure financial protection for their families.”

“Afficiency has been a valuable partner in designing a product and buying experience that meets the unique life insurance needs of individuals navigating open enrollment benefits, “ said Yaron Ben-Zvi, CEO of Haven Life. “We’re thrilled for the opportunity to help more people conveniently secure dependable, affordable term life insurance to financially protect their loved ones.”

About Afficiency

Afficiency is an insurtech company making life insurance easier to understand and even easier to purchase. Afficiency developed a digital life insurance platform that allows new products to be quickly stood-up and made available for digital distribution, completely via API. All of Afficiency’s life insurance products are designed to be digitally underwritten and issued to applicants within seconds. Afficiency has been partnering with carriers and re-insurers since late 2018 to bring products to market and is working with conventional and new distribution channels to distribute these products.

After a busy start to 2019, Afficiency anticipates a number of further announcements in 2020, regarding new products, new partnerships and new financing activity.

Afficiency, Inc.

3 World Financial Center

200 Vesey Street, 24thFloor

New York NY 10281

646.952.8582

inquiries@afficiency.com

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