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Epazz, Inc: the COVID-19 Pandemic Accelerated the Shift to Remote Work, and a Vaccine Will Bring Employees Back to the Office; Companies Are Using DeskFlex Desk Booking Software to Reduce Office Space and save Money

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DeskFlex desk booking software modernizes agile working transition; survey reveals 43% of employees want to retain flexible work post-COVID-19 pandemic

Chicago, Illinois–(Newsfile Corp. – December 10, 2020) – Epazz Inc. DeskFlex (OTC Pink: EPAZ), a provider of mission-critical cloud-computing software solutions and blockchain business solutions such as DeskFlex desk booking software, announced today that customers say having their employees work part time in the office is beneficial for their companies. Employees are more productive, and companies are reducing the size of their office space, sometimes saving hundreds of thousands of dollars in rent. The COVID-19 pandemic accelerated a trend we have been seeing over the past 10 years. Demand for desk booking software will increase once the vaccine is ready for distribution because employees will be back in the office, even if on a part-time basis. DeskFlex has revolutionized organizations’ remote work setup worldwide during the pandemic.

Results of a recent getAbstract survey revealed nearly 43% of all full-time U.S. employees want to work remotely for a few days and schedule their return to the office on a weekly basis. Of the 1,200 respondents, almost 20% reported their employer is considering future remote work alternatives.

The coronavirus threat accelerated the digitization of the workspace that began with the invention of personal computers. Many workers already had some telecommuting experience before the pandemic, but during the pandemic, employers and employees left with few options participated in a global work-from-home experiment. FlexJobs reported 3.4% of the American workforce already telecommuted in 2019. The transition to remote work surged to 50% in April 2020.

Historically, companies have felt adamant about not letting employees work from home, despite the evidence that agile working increases productivity and employee satisfaction. As America tries to reopen postpandemic, almost 50% of workers prefer to work at home at least once per week. The demand for desk booking software technology has inevitably surged.

A recent case study from Allied Market Research predicted the global demand for desk scheduling software will reach $546.31 million by 2026, up from $205.85 million in 2018, with a compound annual growth rate of 13.1% from 2019 to 2026. The room booking software market exploded after the pandemic fast-tracked companies’ transition to agile working and office shifting.

Epazz DeskFlex room scheduling software provides business technology solutions that allow users to book, reschedule, modify and cancel reservations through a web and mobile interface. It can help people return safely to the office with its COVID-19-compliant features, which allow them to work from the office part time. In the past seven months, the DeskFlex room booking system has modernized organizations’ return to work as they gradually reopen their workplaces.

With the advent of vaccines, companies foresee a more flexible office, enabling team members to schedule their days working from home and in the office. Companies save millions by reducing office space, utility and real estate costs when they use desk booking software that seamlessly manages office facilities.

Epazz DeskFlex room scheduling software is always on the lookout to provide efficient software solutions to modern-day business problems.

Shaun Passley, Ph.D., CEO of Epazz, Inc., said, “We are grateful that our room scheduling software products assisted companies in their office transitions and work arrangements during this pandemic. We continue to add more functionality, improving our technology to anticipate and address different future organizational needs.”

About DeskFlex.com

DeskFlex is a desk booking solution and room reservation software for conference rooms, work spaces, desks, car parking spaces, equipment, hotels and HotDesking, which helps office managers accommodate mobile workers’ occasional needs while reducing rent and facility costs. DeskFlex lets employees reserve space in advance or claim desks right away. It adjusts the telephone switchboard (PBX) so calls ring at the “desk du jour.” DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Outlook integration and conference room scheduling.

About Epazz, Inc. (www.epazz.com)

Epazz, Inc. is a leading cloud-based software company specializing in providing customized cloud applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOS™ v3.0 is a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz’s other products are K9Sky.com kennel software and the Provitrac applicant tracking system.

SAFE HARBOR

This is the “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking words such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negation thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that no forward-looking statement is a guarantee of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC market filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

CONTACT: For more information, please contact

Investor Relations

[email protected]

(312) 955-8161

www.epazz.com

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

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Global Supply Chain Finance Market

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Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

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Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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Blockchain

ASIC cracks down on blockchain mining firms

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Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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