Health insurance broker and employee benefits specialist Pacific Prime has announced the launch of their first-ever report on Global Employee Benefits Trends, providing an overview of the key trends and the forces shaping them.
The Global Employee Benefits Trends Report 2020 outlines the top 6 employee benefits trends, followed by an in-depth analysis of each trend. This is complemented by interesting statistics, case studies, as well as practical tips on how to implement the trends in question. Based on insights from Pacific Primes in-house employee benefits consultants, the trends are identified as follows:
— The refinement and reassessment of group health insurance coverage
— The adoption of technology
— Mental health benefits
— Family-friendly benefits
— Flexible working arrangements
— Financial wellbeing
Against the backdrop of the unprecedented COVID-19 pandemic this year, resulting in job insecurity, mass unemployment, as well as a rapid shift towards work-from-home policies, the report explores the shifting priorities of both employees and employers. In addition to the pandemic, the report also looks into the increasingly multi-generational workforce, as well as the need for a greater focus on diversity and inclusion.
Pacific Primes report serves as an important resource for employers during this time, examining how these key drivers impact the employee benefits trends, and how it might continue to do so in the years to come.
Download the free report to delve further into any of the aforementioned trends.
About Pacific Prime
Established in 1999 in Hong Kong, Pacific Prime is an award-winning health insurance broker and employee benefits specialist. The brokerage has a global presence, offering best-value insurance products and services to its individual and corporate clients.
Stephen Ho, Marketing Director – Pacific Prime and Kwiksure,
+852 3589 0508
GoSecure Announces Closing of $35M Growth Investment Round
GoSecure, an established leader in the rapidly-growing Managed Detection and Response (MDR) market, today announced that it closed its Series E growth round at an oversubscribed $35M. W Investments Group, based in Montreal, led this second investment with guidance from Yaletown Partners, leaders of the initial Series E round in June 2020.
We are extremely honored to have W Investments Group complete this round of growth funding, said Neal Creighton, GoSecure CEO. Combined with Yaletown Partners, and our existing investors, GoSecure has an investor community extremely experienced at helping take high-growth companies to the next level.
Managed Detection and Response is one of the fastest-growing cybersecurity markets, with industry analysts projecting upwards of 50% of mid-market organizations will adopt MDR over the next five years. GoSecure MDR, based on their industry-leading detection and response platform, is transforming the way organizations protect themselves from the latest attacks, detecting and mitigating on average in less than 15 minutes.
GoSecure continues to add new customers at the highest rate in our history, continued Mr. Creighton. Based on the detection and response platform weve built, customers see the value of GoSecure MDR immediately and rest comfortably knowing they are protected by the best people, processes, and technology in the market. W Investments Group brings a wealth of experience that will be vital in helping GoSecure increase the awareness and adoption of our market-leading approach to Managed Detection and Response.
We always invest in people first. GoSecure is no exception. We were pleased by the quality and the depth of their management team. The company is at an inflection point; with state-of-the-art technology in hand and the right partnerships in place, they are ready to go to market at full speed, said Maxime St-Laurent, Co-Founder and Managing Partner at W Investments Group. The team at GoSecure has been making the right decisions and positioning themselves for sustained growth in the years ahead. We are excited to be part of the adventure and will support the team in any way we can.
Since launching as CounterTack in 2012, GoSecure has developed its unique behavior-based, predictive detection and response platform, acquired several companies, and emerged as a leader in the fast-growing Managed Detection and Response market. GoSecure is now at 200 employees with country headquarters in Montreal, Quebec, and San Diego, California. Growth that was already accelerating prior to the COVID-19 pandemic, continues as organizations adapt to an increasingly mobile workforce.
National Bank Financial Inc. acted as a placement agent in assisting GoSecure in securing this financing.
GoSecure is recognized as a leader and innovator in cybersecurity solutions. The company is the first and only to integrate endpoint, network, and email threat detection into a single Managed Detection and Response service. The GoSecure detection and response platform delivers predictive multi-vector detection, prevention, and response by applying a unique combination of behavioral analysis, memory forensics, machine learning, and reputational techniques to counter the most advanced threats. Aggressive SLAs drive our MDR Services for rapid response and active mitigation services that directly touch the customers network and endpoints. Together, these capabilities provide the most effective response to the increased sophistication of continuously evolving malware and malicious insiders that target people, processes, and systems. With a focus on innovation, quality, integrity, and respect, GoSecure has become the trusted provider of cybersecurity products and services to organizations of all sizes across all industries globally.
About W Investments Group
W Investments Group L.P. is a private investment company formed and operated by successful investors with strong experience as entrepreneurs, operators, and managers of private and public companies. W Investments Group holds investments in private companies, real estate, and other alternative asset classes. www.winvestments.group
Alliance Strengthens West Coast Presence with Acquisition of Almega Environmental
Align Capital Partners (ACP) environmental services platform Alliance Holdings, LLC (Alliance or the Company) has acquired Almega Environmental (Almega). Almega provides source emissions testing (or stack testing) services including ambient air testing, on-site analysis and EPA compliance to the manufacturing, metals and renewable energy industries, among others.
Located in Cypress, California, Almega is a natural strategic fit for Alliance as the Company strengthens its presence in the Western United States. Almega is excited to partner with Alliance as the Companys first stack testing office in California, said Almega President John Phillips. We will continue to serve our clients in meeting their HSE (Health Safety and Environment) requirements as part of the Alliance brand moving forward. Phillips joins the Company as a Regional Business Development Manager focused on customer sales.
Chris LeMay, CEO of Alliance said, Alliance has been eager to find the right stack testing partner to expand in California and we found that with Almega. In partnership with John and the talented Almega personnel, we look forward to serving existing and new customers with our best-in-class systems and processes.
With a national footprint of 18 offices across 11 states, Alliance has the technical expertise to serve a diverse range of end markets. Almega is Alliances seventh add-on acquisition since 2015 and fourth in 2020. The Company will continue to evaluate additional acquisition targets for its growing platform.
With the addition of Almega in California, Alliance is now truly a national platform with offices from Alabama to Texas to California to Alaska to Pennsylvania and many states in between, said ACP Managing Partner Rob Langley. We are thrilled to continue to support the Alliance team as they build the Company to be the leading provider of environmental compliance services focused primarily on air emissions testing in the United States.
Operating Partner Dave Perotti, Principal Jack Parks, Senior Associate Corey Roe and Associate Chris Collins worked alongside Mr. Langley on the transaction.
About Alliance Holdings, LLC
Headquartered in Decatur, AL, Alliance is the leading provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is uniquely qualified to provide customers with the highest quality testing solutions available to meet air compliance and risk reduction goals. For more information, please visit stacktest.com or alliance-em.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firms investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing / distribution and healthcare sectors. For more information, visit aligncp.com.
DataTribe Announces Third Annual Cybersecurity Start-Up Challenge Finalists
DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today the finalists of its third annual DataTribe Challenge. The competition is poised to identify seed stage start-ups with a vision to disrupt cybersecurity and data science.
This years DataTribe Challenge submissions truly exemplified how the world has changed and where new-category defining technologies are coming from. We received submissions from all around the world and our finalists represent technologies that are 3-4 generations ahead of the existing commercial products, said Mike Janke, Co-founder of DataTribe. We are thrilled to welcome these finalists to compete as the winner of this years competition.
In a virtual event format this year, finalists will present a pitch and answer questions from judges on December 10, 2020. Three finalists will split $20,000 in prize money, and one winner will be eligible to receive up to $2 million in seed capital from DataTribe.
- oak9: Based in Chicago, IL, oak9 enables developers to accelerate delivery while providing comprehensive security. The oak9 platform analyzes infrastructure-as-code and builds security into cloud native applications so they are secure and compliant by-design.
- Scanta: Based in San Francisco, CA, Scantas mission is to secure conversational systems from adversarial attacks. Through the combination of AI and cybersecurity, Scanta’s security platform identifies and prevents attacks on a wide range of conversational systems.
- SightGain: Based in Washington, DC, SightGain is the only cybersecurity risk management platform that evaluates security readiness by testing how well both production systems and personnel detect and prevent actual malicious attacks.
In addition to presentations from finalists during the Finalists Event this year, the CyberWires Chief Analyst, Rick Howard, will host experts from The CyberWire’s Hash Table for an insightful discussion of key cyber trends in 2021.
DataTribe is a startup foundry that invests in and co-builds world class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, start-up veterans and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area, in Fulton, Maryland. For more information, visit https://datatribe.com.
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