Month: January 2021

Ready for the Return? Say So. | eNews from OWC

A highly communicable virus requires a high level of communication now that the road back to the office is opening, and our savviest clients are already planning how to inform employees, vendors, landlords and customers where they stand. They want to get the return to the office right, despite the challenges of uncertainty and inevitable workplace confusion. Here are four steps leading companies are taking to assure a smooth transition from where we are now to where we hope to be soon.

Engage with the workforce. Strong personal connections help weather potential storms in the absence of any one-size-fits-all return plan. In every company, some employees are eager for the COVID vaccination, others are skeptical or fearful. Staff members differ widely in their experience with working from home—some have found it liberating, others, especially families with small children, can’t wait to get back to an office routine. Leadership therefore requires empathy and flexibility. Engagement profits from one-on-one meetings, rather than gang emails announcing policy from above. Good corporate communication provides a safe space for employees to voice their concerns, make suggestions, and feel part of change, not a victim of it.

Provide a safe space. Despite inoculation, health fears will be with us for a while. Workers and customers expect clear communication of revised barriers, whether of plexiglass, masks or physical interaction. New social distancing guidelines should be explicit and well-defined. Revision of protocols for common areas like conference rooms and break rooms need to be clearly posted and the reason for the changes made clear. Special accommodations should be anticipated and available if a vaccine is to be required before employees return to the office. The goal is transparency and proof that the issues have been thought out. Here are questions to be asked and answered: What’s Next: Communicating Back to Work.

Be flexible and don’t rush. What seems like a great plan in Q1 may need to change given a number of variables, including mutations of the virus. We all yearn for a daily routine without anxiety and commotion, but a disorganized strategy can allow a myriad of complications. An employee who feels undervalued or a sick team member can impact company morale and erode the trust that effective communication aims to create. Smart companies monitor government health mandates and the recommendations of public health experts because leadership that is ahead of the game contributes to staff security, goodwill and productivity.

Build trust. The newfound influence of business leaders grants a platform to disseminate information and calls to action. Take advantage of that in developing a “welcome back” plan. Our last newsletter reported on the Edelman Trust Barometer which shows that Americans trust businesses over politicians and the media. The recruitment by the state of Washington of Microsoft, Starbucks, Costco and others to aid in vaccine distribution is more evidence of the power of industry in times of crisis.

The insight of recent history is that in today’s health emergency we must work together, aim for flexibility and show our heart in communications to our teams, customers and business audience. All eyes are on us as we envision and undertake a safe and successful return to the office together, face-to-face.

 

Best,

Tracy

 

Tracy Williams

Olmstead Williams Communications

CEO and Founder

w 310.824.9000, c 310.387.7738

Mergermarket speaks with Leonardo247 on RealPage buyout views

Leonardo247 views RealPage buyout as harbinger of proptech boom

Leonardo247, a real estate management software company, views Thoma Bravo’s buyout of RealPage [NASDAQ:RP] for USD 10.9bn as a sign of things to come, said founder and CEO Daniel Cunningham.

The purchase price, which represents a 36.5% premium over RealPage’s volume-weighted average cost in the 30 days leading up to the 18 December deal announcement, is recognition the real estate industry is ready to adopt technology at scale, Cunningham said. The executive said he believes more consolidation is likely in the real estate technology sector, along with escalating valuations.

Thoma Bravo’s acquisition of RealPage is expected to close in the second quarter of this year.

While RealPage provides feature-rich back-office accounting software for property management, Redondo Beach, California-based Leonardo247 offers similar tools for operations and maintenance.

“We want to become the other must-have operating system in real estate,” Cunningham said.

Founded in 2014, Leonardo247 was bootstrapped up until about four months ago when it accepted its first institutional investment of USD 9.5m from New York-based private equity firm Level Equity.

It plans to deploy the fresh capital on marketing, and an expansion of its sales force.

Already, the company has seen its revenues double each year for the past few years, Cunningham said.

Its software is deployed in every US state other than North Dakota, and it recently entered the UK market, he said. The company plans to enter France, the Netherlands, and Spain by the end of 2Q22.

Leonardo247 may hire consultants in those overseas markets to help build a sales team knowledgeable of foreign customs and ways of doing business, he said. Using consultants is a fiscally responsible way for the company to outsource part-time roles, he added, noting that it currently employs a “fractional CFO.”

Since Leonardo247 operations are currently breakeven, it does not anticipate raising more institutional capital unless it decides to make acquisitions. The company is not actively looking for acquisitions as it does not see any gaping holes in its existing set of features, but it will be opportunistic, the CEO said.

“Our feature set is pretty mature, so our growth plan is not predicated on acquiring point solutions,” Cunningham said. “It is about growing our existing platform to a larger customer base.”

The executive declined to disclose Leonardo247’s financials. But he said it is “clearly the market leader” in its category, and bigger than a typical Series A tech startup. He said it is the size of a Series B firm.

The company’s name is inspired by Italian polymath Leonardo da Vinci, as it aims to modernize property management with automated solutions available to customers 24 hours a day, seven days a week.

In addition to RealPage, Leonardo247 considers Goleta, California-based Appfolio [NASDAQ:APPF]; Santa Barbara, California-based Yardi Systems; Lehi, Utah-based Entrata; Cleveland-based MRI Software; and other automation companies in tangential industries as comparable companies, Cunningham said.

Leonardo247’s goal is to build a platform that can stand on its own but given the rapid adoption of real estate technology driven by the COVID-19 pandemic, he acknowledged it could become an M&A target.

An initial public offering could also be in its distant future, but Cunningham said he would rebuff approaches from special purposes acquisition companies as he does not “think they breed great companies.”

Leonardo247 needs time to reach its potential, he said, and then it “will have all kinds of exit options.”

Cooley provides legal advice to the company.

by Troy Hooper in Los Angeles, Mergermarket

AFAR Named Esalen Institute in their Top Six Solo Wellness Trips of 2021

Esalen, the famed Big Sur meditation center, will reopen March 1 and are now taking reservations for it’s new “Creating Connection Through the Rituals of Esalen” program. Geared toward people navigating big life changes, the five-day program aims to help travelers “distill their intentions and reawaken the change agents within.”

Read the full article: 6 Solo Wellness Trips to Book in 2021 (AFAR)

Leonardo247 COVID-19 Vaccination Tracker Featured in SoCal Tech

Leonardo247, the leader in remote monitoring of onsite multifamily operations, today launched a free vaccination tracking platform to support COVID-19 vaccination distribution and reporting. Leonardo247 will immediately make this platform live across its 4,000 commercial real estate building clients and is making the application available at no charge to any other regional or national organizations seeking a more efficient way to coordinate, centralize and log vaccinations. The platform will feature a mobile-friendly consent and release form, which can be distributed via text message and is tied to a secure, centralized portal for saving, sharing and printing these completed forms for private or government use.

See the full article: Leonardo247 Offers Up Free COVID-19 Vaccination Tracker (SoCal Tech)

Cloudbreak Health Partners with Extended Care

Cloudbreak Health, a provider of telehealth and video remote interpretation for the healthcare market, announced that it has partnered with Extended Care LLC, a healthcare technology software provider. According to the two companies, they will integrate Martti, Cloudbreak’s video remote interpretation (VRI) service, and the ExtendedCare Telehealth virtual care platform.

Read the full article: Cloudbreak Health Partners with Extended Care (SoCal Tech)

Welcome to 2021! | eNews from OWC

Welcome to a year of renewed hope, new goals and a chance to begin again. Challenges remain, let’s apply what we’ve learned.

Have a Voice – We now know that business leaders are expected to step up during a crisis and lead by example to prove to their teams and customers that they are listening, engaged and aware of important issues. The Edelman Trust Barometer just reported that 61% of those surveyed trust businesses more than other long-standing institutions like elected officials and the media. Brands need the ability to pivot, adapt and find a unified voice. Failure to have a position ready when asked, or to remain silent when reputation is endangered, is now a proven danger to survival. Prepare now. Response time is often critically short. Check out our guide: A corporate communications approach to Black Lives Matter.

Make Connections – As a result of quarantines and closures, successful companies have become more creative in communicating to their audiences through virtual events, podcasts, Zoom offerings and expanded social networking. Some suggestions on how to connect: How 2020 Changed PR. Business Leaders, Take Note.

Website Refresh – With the rise in online retail, research and required services, 2020 reignited the need for a strong digital face for consumers. Meeting this need involves optimizing websites around analytics, content creation and online business goals. A big goal for 2021 continues to be “conversion” of Website visitors whether it be through a newsletter sign-up, product purchase or information inquiry. See: Make Your Website Work For You.

Earn More News Coverage – New strategies include a strong awards program. Industry awards continue to raise visibility and gain legitimate, third-party validation. Here’s how: And The Winner Is… – Awards Build Credibility.

Be Social on Social – Social media remains the best tool to bring the customer base closer. The most powerful platforms are Twitter, LinkedIn, Facebook, Instagram, YouTube, TikTok and Pinterest. They help not only share information but generate productive conversations with your audience. Key steps for teams to focus on: Staying social while distancing.

2021 Media Interviews –Today’s media interview hot seat is at home, with almost all interviews done on video conferencing. Becoming a sought-after Zoom interviewee in 2021 requires virtual media training to equip company leaders and spokespeople with the tools to tackle the new format. To become a savvy Zoomer check out our newsletter: Lights, Camera…Zoom!

The new world is unpredictable, but preparation still predicts success.

Let’s move forward together.

Best,

Tracy

Cloudbreak 2020 Year in Review: Setting the Stage for 2021 Growth

Cloudbreak Health, LLC , an industry-leading provider of unified telehealth and video remote interpretation, reported significant usage growth and milestone achievements in 2020, expedited by the need for innovative telehealth solutions during the COVID-19 pandemic and the increased use of digital healthcare solutions.

“The fundamentals driving telehealth have been building for quite a while. Broadband and smartphone penetration and adoption in clinical environments have all grown strongly over the last few years, but COVID-19 was the litmus test proving the immense benefits of telehealth for the consumer,” said Jamey Edwards, CEO of pioneer telehealth and language access company, Cloudbreak.

Read the full article: Cloudbreak 2020 Year in Review: The Acceleration of Digital Health and Setting the Stage for 2021 Growth

Arculus unveils credit card-sized cryptocurrency cold storage device

Arculus today unveiled a cold storage device for cryptocurrency that provides easy-to-use functionality along with advanced 3-factor authentication security in a slim metallic form factor. The Arculus Key card requires no battery or charging, and is the size and shape of a credit card that provides a truly air-gapped crypto key storage solution that connects to a mobile app via an encrypted NFC connection.

The Arculus Wallet mobile app provides intuitive controls, advanced security protection, and the ability to manage multiple cryptocurrency wallets in one device.

Read the full article: Arculus unveils credit card-sized cryptocurrency cold storage device

Miracle Mile Advisors spoked with US News on one-stop-shops for tax and estate planning

When you visit your certified public accountant or estate attorney, he or she typically doesn’t offer investment advice. Your financial planner, while familiar with tax and estate planning concepts, is generally not licensed to give in-depth advice on those topics. Not all advisors want to bring more services under their roof, saying clients are better off using professional firms that specialize in just one or two areas.

“If everyone worked at the same firm, it wouldn’t be as transparent if one advisor wasn’t necessarily acting in the clients’ best interest,” says Anderson Lafontant, senior advisor of advanced planning at Miracle Mile Advisors in Los Angeles.

Read the full article: Should Advisors Offer Tax and Other Services? (US News)

Impella Patient Featured in USA Today

Adam Millar was 18 when he started to experience a cold that wouldn’t go away.

It was the middle of hockey season, so he brushed his symptoms off. After what seemed like two or three months of a cough and fatigue, his cold progressed. “I didn’t even have the energy to stand to brush my teeth,” he told USA TODAY.

Millar’s heart was in failure, he later found out. Heart failure — often caused by myocarditis, an inflammation of the heart muscle — is a rare condition for teens and young adults. Millar was treated with the Impella, the world’s smallest heart pump that allowed his heart to rest and recover and is the ultimate reason for his survival.

Read the full article: Heart failure in children: Another rare COVID-19 complication. Here’s what to look for.