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Velocity MSC Shares its Chief Finance Officer, Betty Ong, Named Top Technology CFO of 2024

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HOLLAND, Ohio, Oct. 8, 2024 /PRNewswire/ — Velocity, A Managed Solutions Company, a technology solution and service provider of voice and data networking and connectivity for multi-location enterprises across multiple industries, announces its Chief Financial Officer, Betty Ong, as one of the Top 25 Technology CFOs of 2024 by Top CFOs publication. This prestigious accolade recognizes technology CFOs who have demonstrated exceptional leadership in driving financial strategies, securing capital for innovation, and optimizing resource allocation to support growth in the tech industry.

This year, the award places Betty among an elite group of CFOs from industry giants such as Amazon, Meta, Cisco, and Uber, recognized for their significant career achievements and contributions to the tech industry. Betty’s strategic leadership, hands-on approach, and successful finance team development over her two-plus decades in technology, financial services, and telecommunications have been instrumental in Velocity’s accelerated growth and market position.

Since joining the company in 2021, Betty has spearheaded the transformation of key financial processes, significantly improving the quality and speed of GAAP financial statement production. Her strategic oversight also led to successfully deploying a new ERP system, streamlining operations, and positioning Velocity for long-term scalability and success. Ong’s leadership continues to drive operational excellence and financial efficiency, making her an indispensable force behind Velocity’s growth.

“Betty has not only strengthened Velocity’s financial and accounting operations while building a strong team of professionals but has also built a dynamic team dedicated to continuous improvement,” said Jim Rothschild, EVP, General Counsel and Data Privacy Officer of Velocity. “Her leadership has been instrumental to driving efficiency across critical areas such as payables, receivables, and cash management, and her vision continues to propel the financial department – and the company – toward greater success.”

With a focus on data integrity, financial analysis, and long-term growth, Betty delivers essential financial insights that have been pivotal in guiding Velocity through the complexities of the telecommunications industry. Her vision ensures that the company remains competitive and thrives in an ever-evolving market.

“Focused and actively engaged with her teams, Betty is consistently staying connected to the processes that are instrumental to our success,” said Mark Walker, President and COO of Velocity. “Her vision for driving efficiency and effectiveness is key to our growth, and her ability to navigate a founder-led company while guiding it toward future expansion is invaluable.”

Before joining Velocity in 2021, Betty held leadership positions at Unacast, H1, Shore Group Associates, and Thomson Reuters. She brings over 20 years of diverse experience from startups to public companies to Velocity, uniquely positioned to drive its growth strategies and adapt to market changes with agility.

Betty expressed her gratitude for the recognition, emphasizing her belief in Velocity’s telecom and IT solutions. She said, “I truly believe in the impact of our end-to-end telecom and IT solutions. The launch of our Global Expense Management (GEM) platform, alongside Telecom Expense Management (TEMS), is helping our clients streamline costs and improve efficiency. With GEM’s automation and cost allocation features and TEM’s focus on optimizing telecom expenses, we’re giving companies better visibility and control over their resources and enabling them to stay competitive in a rapidly changing digital world.”

ABOUT VELOCITY MSC
Velocity is a technology solution and service provider of voice, data, connectivity, networking, and Global Telecom Expense Management for multi-location enterprises across multiple industries. With its nationwide network of field technicians, project managers, and software developers, Velocity is a single-source partner dedicated to providing comprehensive support with its 24/7/365 U.S.-based technical support, warehouse, inventory, repair depot, and supply chain and logistics services. Velocity monitors technology environments continuously, enabling faster responsiveness and reducing downtime. Founded in 2005, Velocity is a CLEC licensed to operate in all 50 states. It has over 600 employees, 21 redundant data centers, 450 carrier agreements, and 5,500 certified technicians throughout the U.S. For more information, please visit https://velocitymsc.com/history/.

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SOURCE Velocity, A Managed Solutions Company

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Innovation in Isolation: New Book Commissioned by MacPaw Explores Ukraine’s Historic Contributions to Tech, Supporting Critical Humanitarian Aid

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All proceeds will be donated to MacPaw Foundation, a non-profit organization established by MacPaw, to provide aid for civilians affected by russia’s invasion of Ukraine

BOSTON, Oct. 8, 2024 /PRNewswire/ — Innovation in Isolation: The Story of Ukrainian IT from the 1940s to the Present explores Ukraine’s pivotal role in the birth of computer science and its transformation from a former part of the Soviet Union to a thriving European innovation hub and is now available for preorder online. The book will be published on February 11, 2025 ahead of the third anniversary of russia’s unjust invasion of Ukraine. Commissioned by MacPaw – a global software company with deep Ukrainian roots –  published by IST Publishing, and distributed by Pathway Book Service in the U.S., all proceeds from Innovation in Isolation will support MacPaw Foundation’s humanitarian relief efforts in Ukraine. These funds will be directed to emergency wartime medical assistance in Ukraine’s most remote and inaccessible areas, a critical need in the face of russia’s ongoing aggression.

From the development of the first computer in Ukraine in the 1940s to its emergence as a global tech hub in the 21st century, Innovation in Isolation chronicles Ukraine’s pivotal role in the birth of computer science. Featuring exclusive interviews spanning generations with compelling illustrations and original photographs never before seen in the West, the book brings to life the untold stories of overlooked geniuses including Sergey Lebedev (1902–1974) and Victor Glushkov (1923-1982).

“We created Innovation in Isolation to shed light on the profound history of Ukraine’s IT industry and to show the world how Ukraine has produced so many talented engineers and IT specialists,” said Oleksandr Kosovan, Founder and CEO of MacPaw. “For decades, Soviet authorities and Moscow elites distorted our history, often claiming our inventions and the names of our inventors as their own. This book will fix that narrative, celebrating the true pioneers who helped Ukraine become a modern tech hub. I hope that readers find this exploration of Ukrainian history both enlightening and inspiring, recognizing the resilience and brilliance of these remarkable Ukrainian minds.”

Innovation in Isolation celebrates Ukraine’s achievements and offers valuable insights into the lessons learned under the oppression and propaganda of the former Soviet Union. This book offers readers a powerful message for today: Ukraine’s innovative spirit continues to thrive despite russian aggression. By examining Ukraine’s resilience and innovation in the face of adversity, readers will gain a deeper appreciation of Ukraine’s tech landscape and the indomitable spirit of its people.

For more information about Innovation in Isolation, visit https://www.innovation-in-isolation.com.

About MacPaw

MacPaw develops and distributes innovative software for macOS and iOS that simplifies the lives of Mac users. Renowned for its meticulously crafted products, such as CleanMyMac X, CleanMy®Phone, Setapp, and ClearVPN, and known for its Moonlock cybersecurity division, MacPaw is dedicated to enhancing and securing the Mac user experience. Founded in Kyiv, Ukraine, with a subsidiary office in Boston, MacPaw serves over 30 million users worldwide. With one in every five Mac users having at least one MacPaw app, the company is a trusted leader in the Mac software ecosystem.

To learn more about the MacPaw Foundation, visit https://macpaw.foundation.

For review copies of the book and interview requests, please contact:
Julia Drake | Wildbound PR | julia@wildboundpr.com | (310) 359-6487

Photo – https://mma.prnewswire.com/media/2521778/Innovation_in_Isolation.jpg

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Purpose-built, Flexible Life Science Facilities are the Leading Design and Construction Trend

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Tenant needs shaping move toward flexible spaces that are ready for move-in

COLUMBIA, Md., Oct. 8, 2024 /PRNewswire/ — Demand toward life sciences manufacturing space when compared to innovation and R&D is driving the shift in tenant needs in the market, leading to changes in how architects and contractors’ partner with clients, said Abhishek Dhawan, DPR Construction’s Mid-Atlantic life sciences leader at Bisnow’s Life Sciences Summit.

“The advancement in science and technology has enhanced the need for life science buildings to accommodate continual adjustments in space and use by various tenants and companies,” Dhawan said. “Purpose-built, flexible facilities are the leading design and construction trend in the market.”

With a robust level of drug clinical trials driven by major pharmaceutical firms, the need for move-in-ready space and cGMP manufacturing is very important. However, with tight budgets and consistent advancements in the science and technology, architects and contractors are helping firms maintain a balance between these conflicting concerns.

Dhawan also noted that:

Facilities are being built to accommodate collaboration spaces, vibration sensitive equipment, efficient airflows and exhaust, mechanical/electrical/plumbing for multi-purpose facility use.Shared lab amenities that bring more flexibility in buildings include low temperate product storage, central glass wash/autoclave, data center, cleanroom and fabrication shops.Living plant walls, noise control, and increased access to daylight and fresh air make these buildings healthier for everyone who works in them. Moreover, incorporating features that encourage wellness, such as open and accessible stairways, dedicated fitness spaces and showers, and even outdoor dining, walking paths and bike storage rooms.

About DPR Construction

DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR’s portfolio of work ranges from large-scale new construction to small tenant improvements and special projects. Founded in 1990, DPR is a great story of entrepreneurial success as a private, employee-owned company that has grown to a multi-billion-dollar organization with offices around the world. Strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its team of self-perform craft, and leveraging data to learn and improve from DPR consistently ranks among the top building contractors and employs approximately 11,000 professionals across its family of companies. For more information, visit http://www.dpr.com.

For more information, please contact:

Lisa Ruano
DPR Construction
Tel: 908-451-9622
Email: lisaru@dpr.com

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SOURCE DPR Construction

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Earnest Analytics launches US consumer spending index based on credit card spending

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NEW YORK CITY, N.Y., Oct. 8, 2024 /PRNewswire/ — Earnest Analytics, the leading data analytics firm for investors, companies, and consulting firms, has released a new Earnest Analytics Spend Index (EASI), powered by the Vela Gamma transaction dataset.

Earnest Analytics has released a new Earnest Analytics Spend Index, powered by the Vela Gamma transaction dataset.

The new Earnest Analytics Spend Index is an alternative data-driven measure of consumer activity that tracks spending across 89 merchant category codes (MCC), encompassing thousands of US merchants. The near real-time data is derived from the credit and debit card activity of millions of de-identified US consumers.

“The macroeconomic environment is more topical than ever as interest rates change and consumer sentiment cools,” said Michael Maloof, Vice President and Head of Marketing at Earnest Analytics. “The EASI gives investors and corporate managers a real-time look into shopper behavior, by location and income, weeks before traditional sources. It is an unprecedented view under the hood of the consumer economy.”

Earnest Analytics customers will also be able to drill down into the sectors driving changes in the EASI, as well as geographies, demographics, and credit vs debit sources. 

The new EASI is highly predictive of the US Census Bureau’s Monthly Retail Trade Survey. 

The new EASI is currently available via Earnest Analytics’s proprietary web-based analytics platform Earnest Dash (see September report here) as well as BigQuery, S3, and Snowflake.

For more information on Earnest Analytics or to schedule a demo, visit:
https://www.earnestanalytics.com/schedule-a-demo-form/

About Earnest Analytics
Founded in 2012, Earnest Analytics measures the consumer and healthcare economies with real-time data, providing actionable insights for institutional investors, companies, consultants, and government agencies. Our structured datasets provide clear, correlated signals, with tools for deep fundamental analytics on Consumer Spend, Retail Pricing, CPG, and Healthcare Claims. Earnest Analytics enables companies to deeply understand consumer habits and national health trends. For more information visit www.earnestanalytics.com.

For Press Inquiries Please Contact
Deanna Kim, Senior Marketing & Media Relations Associate
dkim@earnestanalytics.com

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SOURCE Earnest Analytics

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