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Investors Think NurExone Holds Potential for Major Gains As The Company Develops Solutions for Traumatic CNS Damage

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NurExone Biologic Ltd. is an Israeli biotech company developing treatment to restore function in patients with traumatic CNS damage. NurExone’s approach is based on a proprietary exosome-based technology with intranasal delivery to revolutionize the treatment of acute spinal cord injury (SCI) worldwide. Preliminary results from pre-clinical trials suggest the company’s first ExoTherapy for SCI has the potential to make it big in the long run. In addition, animal studies demonstrated NurExone’s proprietary ExoPTEN treatment to promote exon-growth, and nerve regeneration, resulting in functional recovery and allowing paralyzed rats to recover motor function. For the expansion and commercialization of the technology, NurExone has a worldwide, exclusive licensing agreement with Israel’s Institute of Technology (the Technion) and Tel Aviv University.

On Sept 01, NurExone announced that it would offer 170,195 common shares of the company at a deemed price of CAD 0.80. The debt offering’s price per share is approximately 100% higher than the current share price, which is ~$0.4. In other words, those receiving the offering believe NurExone is likely to trade at least at a 100% premium to the current price. There are a number of likely reasons for this.

First and foremost, Exosome therapies are expected to address unsolved problems in the vast spinal cord injury market – According to the World Health Organization, the global SCI incidence is estimated to be 40 to 80 new cases per million population per year, with direct lifetime treatment costs per patient exceeding $1-2 million. By 2025, the total addressable market for spinal cord trauma injuries is expected to be $3.04 billion. Exosome therapy is a new frontier in therapeutics, with significant market players investing heavily in exosome technologies. According to Mordor Intelligence, the Exosome market is expected to grow at a compounded annual growth rate (CAGR) of 27.89% between 2022 and 2027. NurExone has made significant progress towards becoming the leading provider of exosome-based treatment for acute spinal cord injuries. The company was listed on the TSX.V under the symbol NRX through a reverse takeover agreement with EnerSpar Corp.

Moreover, Nurexone has a proprietary exosome technology and is ramping up towards approvals and large-scale production. NurExone is establishing a new state-of-the-art facility that the company will use to accelerate R&D activities. The company has set up a site in Haifa, Israel, and the facility is expected to be operational in Q1/ 2023.

In addition, the company is collaborating with proven partners to achieve simple administration of Exotherapy. For example, in Q2/2022, NurExone signed a collaboration agreement with Polyrizon Ltd, a clinical development stage biotech company based in Israel and partially owned by Medigus Ltd. (NASDAQ: MDGS), to develop an effective and tailored intranasal delivery formulation for the administration of their exosome-based drug platform in humans.

Finally, clients should note that NurExone is laser-focused on R&D to accelerate processes and proprietary technology for producing effective exosomes and generating substantial IP assets. The company recently announced financial results and business updates for the quarter that ended June 30, 2022, detailing significant IP and R&D milestones and an update on its FDA application. NurExone’s Research and development expenses were $0.30 million in the second quarter, up 87% year on year, owing primarily to the development of the siRNA-PTEN technology and other siRNA targets.

In conclusion, it seems NurExone has achieved significant milestones in 2022 as it works to advance the development of its groundbreaking ExoTherapy. The company is preparing for an INTERACT meeting with the FDA to receive the necessary guidelines for submitting a Pre-Investigational New Drug application as it moves forward with a pre-clinical study. The company is on the right track, as highlighted in the most recent advancements, to improve the outlook for patients with spinal cord injuries and to open the door for novel therapies for other CNS traumatic indications.

Artificial Intelligence 101: A Guide to Understand AI

Artificial intelligence is thrown around quite a bit, but what does it mean? What makes a computer “intelligent”? And are humans obsolete?

In this post, we’ll discuss the history of AI, different types of intelligence in computers and animals, and the future of AI. We’ll also discuss why people fear AI and how experts think people should feel.

The Origin of “Artificial” and “Intelligence”

So why was the word artificial intelligence invented? Many people think it was initially intended to mean “Artificial Life,” but we can’t find any evidence for this assumption. The word intelligence comes from Latin, which means “expecting to understand.” Those who applied intelligence in their work were smart people. It is also notable that artificial in Latin means “made by a human. “

“Artificial Intelligence” was first mentioned in a 1958 book about computing, but even the authors of this book preferred not to use the term. Many popular science books, including those about artificial intelligence, still use “Artificial Intelligence” and “Intelligence” interchangeably. This reflects the fruitful history of AI research, which started with simple systems like chess-playing computers and simulated rats and then moved on to more complex decision-making systems and cognitive abilities. The book containing the first reference to “AI” may seem more like a book about chess-playing computers.

What is the history of Artificial Intelligence? Is it even possible to make a machine “intelligent”?

It all started with a simple problem: how can computers play chess? Chess is a game that requires intelligence and thought. Did people invent chess, or did the machine invent itself? Many people think that machines cannot have intelligence because they see them as machines rather than thinking beings.

In 1928, Alan Turing proposed an experiment to make artificial intelligence possible. His goal was to replace a machine’s memory unit with a human player. Turing predicts that it would be relatively easy for a human player to know where the machine is going next if he looks at the machine’s long-term memory for previous moves. He said that if it were possible for a human being to predict what the computer was going to do, then artificial intelligence would have been achieved.

Also Read: Ethereum’s Major Merge to Slash Energy Consumption by 99.9%

AI Is Tech That Appears To Think As You Do-

A computer is intelligent only if it can learn new skills and make decisions without telling them to do so, but many people think computers cannot learn how to do something independently. After all, they are mechanical devices and have no brains or consciousness. The Turing test is a good example of a test by which experts evaluate computers. In this test, a man is asked to evaluate whether the computer he’s talking to is a living person or not.

This Is Just The Very Beginning Of AI

AI is a very vast topic, and there are still many questions that need to be answered. This is why it’s important to constantly expand our understanding of the field of AI. This post discusses artificial intelligence, why people fear AI, and how experts think people should feel. Next time we’ll discuss the history of AI, different types of intelligence in computers and animals, and the future of AI.

The future is bright for artificial intelligence, but how does it affect human society and the middle class? We’ll talk about that in our next post. Until next time!

The History of Computer Programming Languages

This is part 1 of a 5 part series on the history of computer programming languages. Today we’ll discuss the early days of computer programming languages and where they started. Next, we’ll cover the growth period, followed by a decline period.

But We’re Not There Yet

People have been writing code for computers since the 1940s, but computer programming languages are still a relatively new field. This is because computers have only recently needed their language to communicate with each other. I mean, we’ve known how to program computers since the 1950s! The problem is that early computers couldn’t communicate with each other, so programming had to be done through punch cards and paper printouts. There were no computers in their own right until the 1960s.

So, programming in assembly and machine languages was the same today. There weren’t any computer languages that could be used on various computers, so programmers had to program every computer individually. Even after this was changed, it took another 15 years for programmers to be able to use different languages on different machines. In 1982 a computer program called the “C” language was published, revolutionizing programming.

The first languages were so complicated that they had to be written by hand. I remember writing a program in Fortran II that took three weeks to write one line of code.

Programming Is Hard

The first computer languages were so complicated that they had to be written by hand. I remember writing a program in Fortran II that took three weeks to write one line of code. Compare this to today; you’d be lucky to write the same line of code in a few minutes. Programming today has become incredibly easy, thanks to modern-day languages like Java, C++, and Python. These were create for programming computers and are widely use for enterprise and small-scale applications. The Next Part Is Coming Soon! This is just the beginning. If you want to see what happens next in the history of programming, check back soon. I promise you it will be worth the wait!

Robots And Machine Learning: A New Age Of AI Is Here

This is part 1 of a 10-part series on robots and machine learning. This series aims to help you understand where robotics is today and where it’s going. This first post will cover why AI is important and how it evolves.

Artificial intelligence, or AI, has existed for almost as long as technology. However, the “AI” of yesterday was more science fiction than anything else. That’s because computers were never very intelligent until they learn to use machine learning. Machine learning is the process by which a computer learns from experience to solve problems and make decisions.

CONCLUSION-

Artificial intelligence is a vast topic, and many questions still need to be answered. This is why it’s important to expand our understanding of the field of AI. This post discusses artificial intelligence, why people are scare of AI, and how experts think people should feel instead. Next time we’ll discuss the history of AI, different types of intelligence in computers and animals, and the future of AI.

What to Know About The Viral Wordle Game

Wordle is a word cloud generator. Wordle’s name comes from the word “cloud.” You type in your words, generating a word cloud with words arranged like a cloud of clustered letters. Wordles are great for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake.

 

If you want to know more about the origin of Wordle’s name, a great place to look is Greg Clayton’s blog. Even though he’s not the creator of Wordle, he does a great job of explaining why Wordle is called what it is. His post starts with, “One day, some friends and I were in my dorm room sketching out some ideas for new projects.” He explains that this idea was a “cloud,” and he thought that excellent names should be descriptive. He explains that “cloud” is a descriptive word, as well as “wonderful” and “words.” He goes on to talk about the importance of short names (only seven letters!), as well as terms that are easy to remember. 

 

Clayton also talks about the importance of an exciting name, like Storm, or perhaps a funny name, like Clippy.

 

Clayton’s post is fascinating (and pretty funny). He ends his post with: “The truth is that Wordle’s name could have been anything.

 

Wordle has become the first viral game of 2022-2040.

 

It topped the charts in France and Germany and was number one in the downloadable games category on iTunes. With an overall rating of 4.5 stars, this game has proved to be very popular with users who love to play for hours at a time.

 

Wordle is an excellent name for the viral word game of 2022-2040. It’s simple but descriptive and easy to read. It could catch the eye of anyone who stumbles across it on the internet. Also, Wordle made a big splash on the charts! The game was downloaded more than 150 million times in just seven days! This is a popular game that’s sure to be around for many years.

 

The GameWordle is the most popular word game in 2022-2040. The game is played on a computer, tablet, or smart device. You type in your words, generating a word cloud with words arranged like a cloud of clustered letters. Wordles are great for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake. Greg Clayton made the word “Wordle” in 2005.

 

 It was initially intended to be an interactive website about words, but it has since been transformed into a game, app, and a name for the viral word game of 2022-2040. Wordle is one of the most popular games available today; it’s played on all sorts of devices, including laptops, phones, and tablets. The game is entertaining for people who like to play games online. Because Wordle runs so well on numerous devices, there are many ways to enjoy this fun and exciting game. Playing this game is very simple.

 

The History

– Wordle was created in 2005 by Greg Clayton. “Wordle is a program that creates word clouds of words. Wordle’s name comes from the word “cloud.” You type in your words, generating a word cloud with words arranged like a cloud of clustered letters.”

This is the most famous Wordle game, and it is still the best word game of 2022-2040. At first, you type in any word, and the app creates a word cloud. This can come in handy for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake. Wordle has become a viral sensation since it was released onto the internet in 2005.

 

Discuss Wordle Website– What is Wordle?

 

Wordle is an excellent example of how to create a viral website. Wordle is an interactive website that generates word clouds with words arranged like a cloud of clustered letters. Wordles are great for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake. Wordles are very popular amongst college students.

 

Obsessed with Wordle– The Social Media Game

Wordle is a fun game that keeps you on your toes for hours. It’s super addictive and interactive, which makes it the perfect pastime to keep people of all ages busy. Wordles are perfect for learning new vocabulary, spelling, and many more topics. They’re also great for reviving old memories! If you have time on your hands, look up Wordle online and start the fun now!

 

The GameWordle is the most popular game in 2022-2040. The game is played on a computer, tablet, or smart device. You type in any words you want, generating a word cloud with words arranged like a cloud of clustered letters. Wordles are great for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake.

 

Conclusion– Wordle is an excellent example of how to create a viral website. Wordle is an interactive website that generates word clouds with words arranged like a cloud of clustered letters. Wordles are great for reviving long-forgotten memories and learning about popular topics in history and science. They’re also perfect for creating scenes such as when she walks into class or he blows out the candle on his birthday cake.

 

Wordle is a fun game that keeps you on your toes for hours. It’s super addictive and interactive, which makes it the perfect pastime to keep people of all ages busy. Wordles are perfect for learning new vocabulary, spelling, and many more topics. They’re also great for reviving old memories! If you have time on your hands, look up Wordle online and start the fun now!

Olamidotun Oluwagbohun Emphasizing the Importance of Digital and Agile Transformation through Sovereign Light Technologies

The best individuals and organizations need help to be efficient at discharging their services and knowing where to seek that help is key. Olamidotun Oluwagbohun and the team at Sovereign Light Technologies have positioned themselves as the much-needed help for individuals and organizations to actualize their career visions and corporate goals and join the league of professionals in the journey toward Digital and Agile Transformation.

Dotun, as Olamidotun Oluwagbohun likes to be called, leverages his two decades of experience working across multiple industries in different capacities. He has held positions like IT consultant, project manager, scrum master, program manager, Agile coach and SAFE 5 Program Consultant (SPC). As the team lead at Sovereign Light Technologies, Dotun has trained and coached thousands of individuals over the years and consulted for many organizations to help mold their dreams into reality. He is a member in good standing with Project Management Institute, Scrum Alliance and Scaled Agile. He is also an alumnus of Kanban University.

Olamidotun’s competence has Sovereign Light Technologies thrive as a company, and he has built a solid team with over 60 years of combined experience. The team is passionate about creating meaningful changes for clients and ensuring that clients’ goals are met effectively within the shortest possible time. “Our service offerings include Training, Coaching, Consulting, and Solution Provisioning. We position ourselves as the leading Agile Transformation group with creative and empathetic edge, staying committed to ensure those who we serve arrive at their full expression of their dreams, aspirations, and visions. With groundbreaking ideas and effective Business Agility Tools, we seek to improve every life and business we have the opportunity to work with. We provide insightful & practical solutions to individuals and companies and pride ourselves on our unparalleled, dedicated and result-driven service,” Dotun explained.

At its core, Sovereign Light Technologies is all about helping businesses generate ten times their revenue and re-engineer processes to increase the speed at which they get new products and services to market. These commitments aim to secure early ROI and nurture an enabling culture that boosts team morale at all levels.

As an innovation-driven company with a track record of remarkable results, consistent performance, transparency and focus, Sovereign Light Technologies has grown and expanded its suite of services to include resume and interview preparations and the 18 Agile and Team Collaborative Working Tools Mastermind Program designed to train, coach and provide a simulated corporate world Agile experience for aspiring or practicing scrum masters, product owners, Agile coaches, and Agile enthusiasts or practitioners.

The goals that Dotun has set for Sovereign Light Technologies include building knowledge, competency, experience working on teams, confidence to face interviews or perform excellently on the job and gaining unrestricted access to 18 Agile and Team Collaborative Tools. Dotun also draws motivation from being a part of notable success stories of individuals and corporate clients. “The competency and empathetic edge we demonstrate in staying committed to our clients till the fruition of dreams, aspirations and visions is second to none,” Dotun said.

How Drones are Creating Sustainable Farming Practices in the Digital Age

When Dr. Shaun Passley saw a need for innovation in the agriculture industry, he turned to drone technology for a solution. A drone’s ability to provide precise, accurate, and real-time aerial information seemed to hold countless applications for farming. Shaun believed that the proper engineering could result in drones that would help farmers optimize their efforts and produce high-quality harvests.

As Shaun began to explore how drones could be applied to agricultural development, he became more convinced that drone tech provided a much needed solution to many of the challenges farmers were facing. His mission eventually led him to found ZenaDrone and create the ZenaDrone 1000, an intelligent unmanned aerial vehicle designed to use machine learning and artificial intelligence to modernize farming around the world. Now, Shaun and ZenaDrone are taking their revolutionary approach to farming to the next level by introducing a program they call DaaS — Drones as a Service — that will be available soon to farmers in Ireland.

“Agriculture technology is the way of the future,” Shaun says. “Farmers that embrace it give themselves access to powerful tools for increasing their productivity and profits. Our DaaS platform empowers farmers to save time and money while increasing their yield and decreasing their waste.”

Making the shift to sustainable farming

One of the key benefits that drone technology brings to agriculture is its ability to assist in transitioning from traditional to sustainable farming. By employing ZenaDrone’s DaaS platform, farmers gain access to efficiencies and flexibility that make accessible something that has long been cost prohibitive.

The area of pestilence protection provides one example of the value ZenaDrone can bring to farmers. Traditional methods of combating pests involved wide-scale spraying of pesticides, a process that was not only costly to farmers, but also harmful to the environment. Drones provide the capability to detect pest problems as they are emerging and treat them with drones equipped to deliver pesticides with a high degree of precision. This surgical approach to delivering pesticides can save farmers as much as 90 percent on spraying costs and result in a more sustainable practice.

“Agricultural pests are a huge problem for farmers, posing the threat of crop destruction and substantial capital loss,” explains Shaun. “Detecting emerging pest problems is critical for farmers. Once detected, the problems need to be treated immediately. Drone technology handles both of these problems with an ease that was never before dreamed of.”

ZenaDrone’s DaaS platform provides farmers with a field scanning service that collects accurate data on locations designated for review. The scanning uses GPS tracking, multispectral sensors, and high-definition cameras to give farmers an ongoing, accurate assessment of the health of their crops and the areas that need attention.

By combining geotagging as a tool for tagging plants with thermal detection, ZenaDrone’s technology can detect early plant stress that is invisible to the naked eye. That information can help farmers to address issues before they spread to other plants, thus limiting their impact on the harvest yield.

Zenadrone is also capable of using an AI-based program for plant tracking and growth rate that can detect growth retardation, benchmark yield, and phenotype plants. By collecting and analyzing this data, farmers can predict their future yield and determine what steps need to be taken to improve it.

Making the conversion to organic farming

The ZenaDrone DaaS platform also provides farmers with a powerful tool for converting their operations from conventional to organic farming. Organic farming not only reduces negative environmental impacts, but also results in a crop that is more lucrative for farmers, often earning them 30 percent more than the same crops cultivated with conventional methods. The challenge for farmers is managing pests, disease, and weeds without using conventional pesticides and fertilizers.

However, the DaaS provides another tool for overcoming this challenge. By scheduling regular autonomous flight missions, farmers can use drones to capture data accurately, vividly, and in real-time. The drone’s multispectral sensors can even reveal when plants are not receiving the proper hydration. The data empowers farmers to make informed decisions quickly, ensuring that the necessary steps are taken to promote overall crop health.

AgTech is the future of farming

Introducing drone technology to the world of agriculture opens the doors to endless innovations. Current applications are empowering farmers to gain novel and actionable insights with unprecedented levels of efficiency, safety, and dependability. In addition, a new generation interested in sustainability and technology are being drawn to farming because of the growth of agricultural technology, or AgTech.

“Zenadrone’s proven technology gives farmers the tools they need to earn more on their crops while spending less on materials, processing, and labor,” says Shaun. “In addition, it empowers the implementation of more sustainable farming methods. It’s a win for everyone — the farmer, their community, and the generations to come.” 

How the Founder of Zakeke is Bringing AI to the Market 

Shopping on the internet has changed radically since the advent of e-commerce. Gone are the days of clunky websites, bad photography, and complicated point-of-sale systems. Today’s online shopping experience is far improved and much closer to a real-world experience than ever before. Angelo Coletta, the founder of Zakeke, seeks to draw e-commerce further into the future with his 2D, 3D, and Augmented Reality (AR) integration. 

Today’s savvy online consumers have high expectations whenever they hop online to shop. Retailers have considerably stepped up their game regarding the ways they showcase their products and how consumers interact with their sites. The pandemic was a catalyst for both of these shifts in the e-commerce space. Since people could no longer go to stores in-person, virtual try-ons and 3D renderings of products, enabling shoppers to see them from all angles, became far more common. 

Angelo Coletta’s goal with Zakeke is to completely disrupt the online shopping experience, making complex technology and innovations in e-commerce easy for any brand to adopt. 

Growing With Visual Appeal

Imagine going to your favorite clothing store online, searching for a hat to wear on your latest vacation. Now, imagine that your favorite store has seriously stepped up their game, allowing you to view the hat you are eyeing from all angles. It looks as if you could reach out and touch it. You can even try different bands, colors, and textures on the hat right there on the store’s site. The experience is completely immersive, and you will know exactly what to expect when your hat arrives on your doorstep.

This immersive and visually appealing experience is precisely what Coletta envisioned when he brought Zakeke to the market. 

An experienced entrepreneur, Coletta has an eye for what the market needs. After founding his first company in 1997, Coletta laid the groundwork for his career in leading global SaaS companies. “I realized at a very young age that I wanted to be an entrepreneur,” says Coletta. After building several companies from the ground up, he launched Zakeke in 2017 upon recognizing a market need for a visually-driven e-commerce suite that helps brands scale. 

“My goal has always been to lead a company focused on innovation, one that strives to change the way consumers think,” Coletta told Authority Magazine

Seeing that consumers had a strong desire to have their products better represent who they are and what they like, Coletta set out to give brands the ability to hand consumers the power of customization and a unique shopping experience. 

“We live in a visual world,” says Coletta. “The idea for the Zakeke platform fits perfectly into this visual worldview.” 

Growing on a Global Scale 

As e-commerce changes and innovators bring new ideas forward, visually-driven tools like what Zakeke provides will only continue to be adopted by a growing number of brands. 

“Zakeke has grown by 300% over the last four years,” says Coletta. “What started as an Italian SaaS company has gone global — we have customers throughout the world utilizing our suite of tools for everything from apparel and shoes to jewelry and gadgets.”

What makes Zakeke unique is its ability to fit the mold of any retailer, large or small. They tackle pain points for different industries, from digitizing processes for the printing industry to creating an immersive shopping experience for consumers of luxury brands. 

“I knew there was an opportunity in the market to provide retailers with an easy-to-use set of tools guaranteed to grow their sales and allow for repeat business,” explains Coletta. 

The ease of use for any and all brands is Zakeke’s calling card. A cloud-based platform that can be integrated with any e-commerce site, the Zakeke suite comes complete with an easy-to-install set of tools. The platform integrates with backend operations seamlessly and with leading eCommerce platforms such as Shopify and Etsy

Although the technology may look complicated, Zakeke has made it accessible for even the most tech-adverse entrepreneur. Zakeke’s team supports retailers by leading them through the platform’s integration and making themselves available for questions and concerns. 

A Service and a Movement

Currently, Zakeke has over 7,000 customers across 400 different industries, serving everyone from fashion retailers — such as Armani — to gaming companies. They continue to grow rapidly, bringing in retailers and companies from every industry imaginable. 

“From the beginning, we set out to work with customers spanning multiple industries,” explains Coletta. “Any retailer who wants to provide a better customer shopping experience is one that Zakeke is equipped to work with.” 

Zakeke’s tiered system ensures even the smallest of mom-and-pop businesses that they, too, can have cutting-edge Visual Customization tools, AR integration or 3D renderings on their e-commerce sites. 

Coletta and his leadership team continue to grow Zakeke by leaps and bounds, hopping on the fast-moving technology train that is wildly transforming e-commerce. As the business scales and expands globally, Coletta hopes to inspire other entrepreneurs to envision business the way he does. 

“I would like to see a movement that puts the journey at the center, not the result of the journey,” Coletta says. “I would like a cultural movement that has competition and inventiveness at the center, with the values ​​of current capitalism combined with ambition to not only become a billionaire, but to find as many people as possible who can benefit from the success you’re trying to build.”

Rustam Gilfanov: The Man Calling the Shots in Today’s IT Arena

In the field of information technology and digital advancements, Rustam Gilfanov is taking the lead. Financing some of the most attractive IT projects in the financial and live-streaming arena, as well as the gaming industry, Gilfanov is truly making a statement and is cementing a legacy in the tech scene. The investor is currently a LongeVC Fund venture partner. With his extensive knowledge and experience in the IT sphere, Gilfanov aims to bring worthy IT projects into the spotlight and provide the world with the IT improvements it needs to achieve a more efficient future. 

Gilfanov was studying during the times when the Global Network was actively developing. During his undergraduate years at the Department of Law, he developed a passion for information technology, leading him to build his own IT company. Gilfanov widened his knowledge in his field by participating in various international IT projects. Although he did not end up pursuing a career in the legal industry, his extensive knowledge of law gave him self-confidence as an entrepreneur and global investor, equipping him with the skills to excel in the IT landscape, where he is now an established authority. 

With the support of several partners, Gilfanov announced opening his first small IT company in 2006, which has scaled into one of the leading software developers in the marketing, financial, and gambling sectors today, developing hundreds of game applications. The IT firm focuses on providing young talents with high-quality support and creating comfortable environments for staff development. Over the span of five years, Gilfanov has expanded his team to include over 1,000 experts. By giving opportunities to others in his field, the founder has not only built his own legacy but helped many IT professionals hone their skills and reach their dreams. The entrepreneur and his team have also established representative offices across Malta and Cyprus while simultaneously serving clients in Ukraine and Latvia. 

On top of conquering heights as an entrepreneur, Gilfanov is also a renowned philanthropist who continues to push for the education of the younger generation by developing a strong corporate social responsibility for his IT company. His most famous charity project is called LakiBuks, co-founded with I Am the Future of Ukraine Foundation, which aims to provide talented authors with long-term support and amplify non-fiction literary works to a broader audience. The project was announced at the Book Arsenal Festival in 2017 and has partnered with the children’s program at the same festival within a year. LakiBuks has also toured European and Ukrainian cities. 

Gilfanov is also a supporter of the Kyiv Children’s Library and has played an active role in transforming the place into an innovative library hub, an initiative implemented by the Maybutnyy Library Project. Today, the Kyiv Children’s Library holds a computer lab and hosts public lectures carried out by industry experts. 

The IT expert also financially supports single mothers and families to help them get back on their feet. He has recently partnered with the I Am the Future of Ukraine Foundation to sponsor its numerous social enterprises. 

Ronnie Prassas on Harnessing the Power of Digital Technology to Connect People and Photographers Through Candid Sync

The advent of digital technology has translated countless visions of ease and convenience into reality, from getting food delivered right to people’s doorsteps to meeting a potential partner with just a couple of clicks of a smartphone button. As a result, traditional methods, once heavily relied upon by people from all walks of life, are now treated as alternatives in the face of the comfort that digitized approaches to human activities can bring. This particular maneuver is evident, as well, in the photography industry. However, despite the modernization of the field, there remain gaps that could be addressed through the strategic utilization of digital technology. One of these gaps revolves around the challenge people and businesses face in getting their hands on the best photographers in the market – a problem Ronnie Prassas intends to solve through the introduction of Candid Sync, a platform that conveniently connects people with professional photographers. 

Having worked with a long list of A-listers as a traveling butler, Ronnie Prassas is intimately privy to the issues that come hand in hand with trying to create and produce content. “I launched Candid Sync because I know firsthand from working directly with top business leaders and influencers the struggles to have a great photoshoot at a reasonable price,” shared the go-getter. “I always thought about how awesome it would be to have access to professional photographers. Asking strangers on the street, aside from the inevitable awkwardness and hassle, always led to lackluster photos.”

Knowing that capitalizing on the power of digital technology can change the game, Ronnie Prassas conceptualized and founded Candid Sync, a mobile application that allows users to hold photoshoots with photographers near them and start creating content together. Thanks to its simplified booking system, users get to see not only the photographer’s location but also know their equipment and ratings. 

At its heart, Candid Sync hopes to bring professional photography closer to more people. “It’s about time we connect all the photographers doing great work with everybody looking for top-notch photoshoots, so we can all capture life’s special and priceless moments,” added Ronnie Prassas. This all-out attitude toward bridging the distance between people and photographers is reflected in the user experience that the application has managed to offer since its launch. Besides allowing users to check photographers according to equipment, location, and ratings, it also enables creators to book photoshoots on-demand wherever they are and schedule meetings at a set time. 

Although it is easy to surmise that Candid Sync is primarily client-centered, it is undeniable that this brainchild of Ronnie Prassas brings value to the photographers’ table as well. On top of serving as a platform where they can cross paths with potential customers, it also stands as a stepping stone from which photographers can reach greater heights. By featuring photographers and giving them the spotlight, the app makes it easy for photographers to increase their visibility, widen their reach, and stay afloat in an industry known for its cutthroat and saturated nature. 


Three Reasons You Need Super Virtuals in 2022

With the shift to working online, companies are quickly realizing that local office and support staff are unnecessary. Everyone from entrepreneurs, business owners, real estate agents and even medical practices are utilizing virtual assistants to streamline operations and lower their overhead. This type of outsourcing decreases companies’ operating costs by 78% (99 Firms, 2022).

For those looking to acquire virtual assistants, the problem is finding qualified virtual talent that fits within a company’s needs.

“Most of our clients were curious about virtual assistants but have never worked with virtual assistants because they didn’t know where to start…or they had bad experiences with hiring virtual talent and have given up,” said Bradley Cook, co-founder of Super Virtuals (www.supervirtuals.com). “After spending many years with virtual talent running my companies, saving me hundreds of thousands of dollars on operating expenses and payroll, I felt that I could help other business owners and nonprofits in the same way…and avoid the mistakes that I made.”

“At this point, we’ve helped dozens of businesses bring on virtual talent through our exclusive system which helps our clients avoid the pitfalls of the gig economy,” remarks Andrew David, co-founder of Super Virtuals.

There are 3 reasons you need a virtual assistant:

1) You’re feeling overwhelmed. Don’t stress, there are hundreds of specialized people ready to offer the support you need.

2) You’re struggling to find local talent. Tap into a global pool of remote talent in core sectors such as sales, marketing, customer support and many others.

3) You want to grow your business. Outsourcing drastically impacts your bottom line for the better and enables agility and flexibility to expand into new regions, or rapidly test new ideas.

Brandon, a Denver based Entrepreneur, came to Super Virtuals unsure how to bring top talent into his real estate team. “After struggling to hire domestically, I had almost given up on the idea of growing my business. My mindset has shifted completely since I found Super Virtuals. I can only say thank you for the flood of business I’ve been able to generate with your help!”If you are ready to get the help you need, visit www.supervirtuals.com to learn more.

SailPoint Technologies to be Acquired by Thoma Bravo in $6.9 Billion Deal

In a move that will shake up the managed service provider (MSP) space, SailPoint Technologies Holdings, Inc., a digital identity management firm has announced that it will be acquired by the software investment company, Thoma Bravo in a deal worth $6.9 billion. SailPoint will become a privately held company once the deal is completed, which is expected to happen in the second half of 2022. SailPoint will continue providing international services in the digital identity management space.

Why Is Sailpoint Selling and Why Is Thoma Bravo Buying?

The move by SailPoint is likely driven by a number of factors, not the least of which is the current market conditions. Seth Boro, a managing partner at Thoma Bravo, said in a statement, “SailPoint is ideally positioned to capitalize on the large and growing demand from modern enterprises for robust identity security solutions that secure their business and reduce risk.” 

SailPoint has become the standard for identity and access management, with a product suite that is both comprehensive and easy to use. This move comes as MSPs are looking for ways to diversify their portfolios and offer more comprehensive services to their clients. This transaction represents the culmination of a strategic review process that both sides believe is in the best interests of SailPoint, its employees, customers, and shareholders. 

With the COVID-19 pandemic raging across the globe, many companies have been forced to re-evaluate their business models and strategies. The SailPoint deal is also a bet by Thoma Bravo that the market for identity and access management (IAM) will continue to grow in the years to come. Thoma Bravo has a history of successful software investments, and the firm is no doubt betting that SailPoint will be another home run. Only time will tell if the bet pays off, but for now, it appears that both SailPoint and Thoma Bravo are happy with the deal.

Will Thoma Bravo’s Latest Acquisition Create a Monopoly?

Since the announcement of the latest acquisition by Thoma Bravo, there have been questions about whether this could create a monopoly. “Thoma Bravo is currently valued at $103 billion and from the looks of it, they intend on cornering the market for firms that supply MSP services. This is a concern for the smaller MSPs that utilize the services of the companies they have acquired or will acquire. Having all your eggs in one basket is not a good business model. Thoma Bravo is poised to create a monopoly where the MSPs will be at a disadvantage of having very few independent choices to choose from. Thoma Bravo has acquired over 375 companies over the last 20 years – that’s over 18 companies a year,” said Anthony Buonaspina, BSEE, BSCS, CPACC, CEO and Founder of LI Tech Advisors.

“It doesn’t create a monopoly as there are still several entrants and disruptors out there. This is typical of private equity-focused in a particular segment. Some more than others. For the most part, they have been as engaged in the driving pricing or day-to-day operational changes so we are not worried as of yet,” said Ashu Singhal, President of Orion Network Solutions.

“The word monopoly is rarely used or enforced in this space unless a larger company has something to lose. Acquisitions happen and the customer is steered in one direction or another.  The account managers have been slimmed to none and the price point is not beneficial as there are few competitors left.  As MSPs, we are targeted daily with solicitations from vendors just because we use one product they own, and they are trying to cross-sell. The question I have are VCs purchasing assets to sell off eventually or are they planning on growing them?  This volatility does not sit well, and the MSP will have to adapt,” said Robert Giannini,  Chief Security Officer and CEO of GiaSpace

Thoma Bravo has been very strategic in its investments, and while many do not believe this move will create a monopoly, it will solidify Thoma Bravo as a key player in the MSP space. “Although they are nowhere close to a monopoly, they have made great strides at being a one-stop-shop for some MSPs. The potential risk that they can run into is that as they purchase competing products and consolidate them, they could be creating a small monopoly,” said Ilan Sredni, President of Palindrome Consulting, Inc.

What Impact Has Thoma Bravo Had on the MSP Space?

In 2017, Thoma Bravo acquired Continuum, an MSP-focused software company that provides remote monitoring and management (RMM), business continuity, and managed IT services automation tools. The Continuum acquisition was a bet by Thoma Bravo that the MSP space was ripe for consolidation and that there was an opportunity to build a large, diversified company in the space.

“Prior to Thoma Bravo acquiring ConnectWise, we saw several technology companies being absorbed. For us, it started with Thoma Bravo and the Zenith acquisition, later becoming Continuum. My personal experience was when these assets that were struggling with customer service prior are in no better position, if not worse, today. There was a time when IT Nation started showcasing their own assets, leaving other vendors that were present and supported us, in the dark. When a company buys these technology stacks, they tend to integrate one of them,  even though there is an overlap. That leads to more confusion as if we have a security stack with Continuum and ConnectWise that competes with one another. Are we investing time and money into a solution that has no future?” said Giannini. 

Thoma Bravo’s impact on the MSP vendor business has been evident in recent years, as a number of MSP software vendors have been acquired by private equity firms. “Thoma Bravo has definitely made an impact in the MSP vendor business. We use some of the products in which they have already invested, but their impact is different for each one of them. I have to be honest that the impact we have noticed has been significantly less than those vendors that we work with which were required by Kaseya. The SailPoint purchase is another feather in their cap and it will not have any impact on us moving forward in dealing with them,” said Sredni.

How Does the Merger & Acquisition Space Impact MSPs?

The M&A space can have a big impact on MSPs, as it can create new market leaders and shake up the competitive landscape. The M&A space can also have a negative impact on customer service and reliability, as companies are often more focused on integrating their systems and operations than on providing the best possible service to their customers. The SailPoint acquisition by Thoma Bravo is sure to have an impact on the MSP space, as it will create a new market leader in digital identity management.

Companies that are acquired by private equity firms often go through a process that involves them being forced to make changes to their business models in order to meet the demands of their new owners. “There is a great book by Jim Collins called “How the Mighty Fall.” It boils down to “hubris.” The big guy thinks he’s great because he’s so big,” said Dimitri Miaoulis, VP of Baroan Technologies.

Said Buonaspina, “Although their intentions are to work closely with the company’s existing management to add additional operational resources; design and execute a plan that substantially reduced the company’s cost structure without negatively impacting top-line performance, this doesn’t seem to work well for the MSP that is utilizing their products. We have seen more overall issues with the products and diminished service and support. So, as an MSP, we don’t see news like Thoma Bravo purchasing SailPoint as a good thing for our own bottom line.”

“For the companies that LI Tech Advisors works with directly that they have acquired, we have seen a decline in the service and reliability of the products we utilize. I believe part of this is due to Thoma Bravo’s influence in working with the companies that they have acquired to reduce overall operating costs in order to maximize their profits,” Buonaspina said.

Miaoulis said, “In the process, the big guys inevitably start looking inward and about “their” company, not their customers/market. That’s when the slide begins and the mighty fall. I look at all this as a benefit (depending on how the big guys decide to wield their size). I think that right now, being in the MSP space is at the right time, the right place. Doesn’t matter if you are a bagel shop or a huge company in the M&A space. The moment you put yourself first, before the client, that’s when the slide begins.”