Technology
Haivision Announces Results for the Three Months and Six Months Ended April 30, 2026
Published
3 months agoon
By
MONTREAL, June 10, 2026 /PRNewswire/ – Haivision Systems Inc. (“Haivision” or the “Company”) (TSX: HAI), a leading global provider of mission critical, real-time video networking and visual collaboration solutions, today announced its results for the second quarter ended April 30, 2026.
“During the first half of fiscal 2026, we saw customers become more deliberate in their purchasing decisions as macro uncertainty, tariff-related cost pressure, and shifting enterprise IT priorities lengthened approval cycles.” said Mirko Wicha, President and CEO of Haivision Systems Inc. “While demand for secure, mission-critical video remains intact, budgets in several market verticals are being reprioritized toward immediate defense readiness, AI infrastructure, and other urgent operational needs, which created timing pressure on sales in the second quarter.”
Q2 2026 Financial Results
Revenue of $32.5 million declined by $1.8 million or 5.1%Gross Margins* were 68.9%, compared to 73.0% for the same prior year quarter.Total expenses were $25.5 million, a decrease of $2.6 million from the same prior year quarter.Operating loss for the quarter was $3.1 million comparable to the prior year quarter.Adjusted EBITDA* was $0.3 million, a decrease of $1.3 million improvement from the prior year quarter.Adjusted EBITDA Margins* were 1.0% compared to 4.9% for the same prior year quarter.
Financial Results for the six months ended April 30, 2026
Revenue is $67.8 million, an increase of $5.3 million or 8.5%. Gross Margins* are 69.7%, compared to 72.5% in the same prior year period.Total expenses were $50.6 million, comparable to the prior to the prior year period.Operating loss was $3.3 million compared a $2.0 improvement from the same prior year period.Adjusted EBITDA* was $2.9 million, a $0.7 million improvement from the same prior year period.Adjusted EBITDA Margins* are 4.3% compared to 3.6% for the same prior year period.
Recent Company Highlights
Haivision introduced Kobra, a compact, backpack portable, video operations platform built for tactical, time-critical missions and combines live video, visual feeds and contextual metadata for display in a single operational view.Haivision launches Falkon X4, the newest addition to its Falkon family of 5G mobile video transmitters, purpose-built for remote production for live sports and 24/7 news.Haivision unveils the Makito ONE, a live contribution platform with H.264, HEVC, JPEG XS and configurable encoding/decoding on a single compact blade.Haivision named the official video encoder of Minor League Baseball, supporting live streaming and video distribution across 120 teams and more than 8,000 games each season.Haivision releases seventh annual Broadcast Transformation Report, showcasing key industry shifts and emerging technologies. Haivision unveils Falkon X2: Pushing the Boundaries of 5G Video Transmission for Live Broadcasting.Haivision wins NAB Product of the Year 2025 and Best In Show for IBC 2025 for the Falkon X2 video transmitter.Haivision announced the new Kraken X1 Rugged which unleashes uncompromising power and AI-driven intelligence for us in tough operational environments.Haivision Command 360 video wall solution wins 4-Star Award in the Real-Time Data Sharing category for Best In Show awards at DSEI UK 2025. Haivision and France Télévisions push the Boundaries of Private 5G for Live Production with the IBC2025 Accelerator Media Innovation Program.
“Gross margin pressure in the quarter reflects significant third-party component deliveries tied to one of our larger defense programs, as well as higher costs and constrained availability across memory, GPUs, and other compute-related inputs,” said Dan Rabinowitz, EVP and Chief Financial Officer of Haivision Systems Inc. “AI infrastructure demand has tightened supply across these categories, creating allocation dynamics and upward pricing pressure. While we are taking pricing, sourcing, and design actions, cost increases are flowing through faster than customer price adjustments, creating temporary margin compression.”
Financial Results
Revenue for the three months ended April 30, 2026 was $32.5 million, a decrease of $1.8 million or 5.1% from the prior year comparable period. Revenue for the six months ended April 30, 2026 was $67.8 million, an increase of $5.3 million of 8.5% from the prior year comparable period. Sales have softened in all our verticals. Weakness in broadcast reflects constrained media-technology budgets and increased scrutiny of ROI for cloud, IP, remote production and infrastructure upgrades. Enterprise customer budgets exist, but concentrated in AI/Data-center priorities rather than broad enterprise video refreshes.
Gross Margin* for the quarter was 68.9%, compared with 73.0% in the prior-year period. Deliveries to a large programmatic customer remained strong, but supply chain constraints delayed shipments of higher-margin proprietary products. In addition, AI infrastructure demand is tightening component supply and putting pressure on gross margins across downstream technology hardware companies that cannot immediately pass through higher costs. For the six months ended April 30, 2026, Gross Margin* was 69.7%, compared with 72.5% in the prior-year period.
Total expenses for the three months ended April 30, 2026 were $25.6 million, down $2.6 million from the prior-year period. For the six months ended April 30, 2026, total expenses were $50.6 million, in line with the prior-year period. Total expenses for the three- and six-month periods ended April 30, 2025 included legal settlement and related fees of $1.5 million and $1.7 million, respectively. Over the last four quarters, total expenses averaged $25.2 million, supporting our view that expenses have stabilized at this level.
Net loss for the three months ended April 30, 2026 was $1.8 million, compared with a net loss of $2.4 million in the prior-year period. The year-over-year decline in revenue and gross margin reduced Gross Profit* by $2.6 million, but this was offset by a comparable reduction in total expenses. As a result, the improvement in net loss was driven by lower income taxes year over year. Net loss for the six months ended April 30, 2026 was $2.0 million, compared with $3.5 million in the prior-year period. Despite lower Gross Margins*, higher revenue year over year increased gross profit by $1.9 million and improved operating loss by $2.0 million. However, income taxes increased by $0.4 million, resulting in a net loss improvement of $1.5 million.
Adjusted EBITDA* for the three months ended April 30, 2026 was $0.3 million, a decrease of $1.4 million from the prior year comparative period. The Adjusted EBITDA margin* for the three months ending April 30, 2026 was 1.0% compared to 4.9% for the prior year comparative period. Adjusted EBITDA* for the six months ended April 30, 2026 was $2.9 million, an increase of $0.7 million from the prior year comparative period. The $1.5 million improvement in net loss and $0.5 million reduction in income taxes was offset by the reclassification of the $1.7 million non-recurring expense related to the litigation. The Adjusted EBITDA margin* for the six months ended April 30, 2026 was 4.3% compared to 3.6% for the prior year comparative period.
*Measures followed by the suffix “*” in this press release are non-IFRS measures. For the relevant definition, see “Non-IFRS Measures” below. As applicable, a reconciliation of this non-IFRS measure to the most directly comparable IFRS financial measure is included in the tables at the end of this press release and in the Company’s management’s discussion and analysis for the three months and six months ended April 30, 2026.
Conference Call Notification
Haivision will hold a conference call to discuss its second quarter and full year financial results on Thursday, June 11, 2026 at 8:30 am (ET). To register for the call, please use this link https://events.q4inc.com/analyst/171986058?pwd=KUXai2FG. After registering, a confirmation will be sent through email, including dial in details and unique conference call codes for entry.
Financial Statements, Management’s Discussion and Analysis and Additional Information
Haivision’s consolidated financial statements for the second quarter ended April 30, 2026 (the “Q2 Financial Statements”), the management’s discussion and analysis thereon and additional information relating to Haivision and its business can be found under Haivision’s profile on SEDAR+ at www.sedarplus.ca. The financial information presented in this release was derived from the Q1 Financial Statements.
Forward-Looking Statements
This release includes “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including, without limitation, statements regarding the Company’s growth opportunities and its ability to execute on its growth strategy. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on opinions, assumptions and estimates that, while considered reasonable by Haivision as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect Haivision. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Haivision undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.
Non-IFRS Measures
Haivision’s consolidated financial statements for the second quarter ended April 30, 2026 are prepared in accordance with International Financial Reporting Standards – Accounting Standards (“IFRS® Accounting Standards”). As a compliment to results provided in accordance with IFRS Accounting Standards, this press release makes reference to certain (i) non-IFRS financial measures, including “EBITDA”, and “Adjusted EBITDA”, (ii) non-IFRS ratios including “Adjusted EBITDA Margin”, and (iii) supplementary financial measures including “Gross Margins” (collectively “non-IFRS measures”). These non-IFRS measures are not recognized measures under IFRS Accounting Standards and do not have a standardized meaning prescribed by IFRS Accounting Standards and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS Accounting Standards. Rather, these non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS Accounting Standards measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. For information on the most directly comparable financial measure disclosed in the primary financial statements of Haivision, composition of the non-IFRS measures, a description of how Haivision uses these measures and an explanation of how these measures provide useful information to investors, refer to the “Non-IFRS Measures” section of the Company’s management’s discussion and analysis for the three months and six months ended April 30, 2026, dated June 10, 2026, available on the Company’s SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this press release. As applicable, the reconciliations for each non-IFRS measure are outlined below. Non-IFRS measures should not be considered as alternatives to net income or comparable metrics determined in accordance with IFRS Accounting Standards as indicators of the Company’s performance, liquidity, cash flow and profitability.
About Haivision
Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com.
Thousands of Canadian dollars (except
per share amounts)
Three months ended
April 30,
Six months ended
April 30,
2026
2025
2026
2025
($)
($)
($)
($)
Revenue
32,535
34,290
67,765
62,451
Cost of sales
10,127
9,274
20,523
17,152
Gross profit
22,408
25,016
47,243
45,300
Expenses
Sales and marketing
7,724
8,192
14,439
14,708
Operations and support
4,840
4,842
9,498
9,473
Research and development
7,374
7,812
15,332
14,934
General and administrative
4,259
4,745
9,290
8,392
Share-based payment
1,358
1,044
2,028
1,428
Legal settlement and related fees
—
1,549
—
1,716
25,556
28,184
50,588
50,651
Operating (loss) profit
(3,148)
(3,168)
(3,346)
(5,352)
Financial expenses
148
171
298
339
Income (loss) before income taxes
(3,295)
(3,339)
(3,643)
(5,690)
Income taxes
Current
(1,573)
(1,400)
(1,815)
(3,069)
Deferred
96
452
168
848
(1,477)
(948)
(1,646)
(2,221)
Net (loss) income
(1,818)
(2,391)
(1,998)
(3,469)
Other comprehensive income (loss)
Foreign currency translation
adjustment
(61)
(1,799)
(2,247)
682
Comprehensive income (loss)
(1,879)
(4,190)
(4,244)
(2,787)
Net income (loss) per share:
Basic
$(0.07)
$(0.08)
$(0.07)
$(0.12)
Diluted
$(0.07)
$(0.08)
$(0.07)
$(0.12)
Weighted average number of shares
outstanding
Basic
27,743,292
28,357,614
27,615,116
28,355,783
Diluted
27,743,292
28,357,614
27,615,116
28,355,783
Thousands of Canadian dollars
As at
April 30,
2026
October 31,
2025
$
$
Assets
Current assets
Cash
18,096
17,199
Trade and other receivables
21,718
27,262
Investment tax credits receivable
2,047
2,047
Income tax receivable
2,367
91
Inventories
15,122
13,278
Prepaid expenses and deposits
4,064
4,147
63,414
64,024
Property and equipment
3,001
3,893
Right-of-use assets
3,497
4,328
Intangible assets
4,067
6,513
Goodwill
46,810
47,926
Non-refundable investment tax credits receivable
10,320
8,523
Deferred income taxes
9,415
9,829
77,110
81,012
140,524
145,036
Liabilities
Current liabilities
Line of credit
5,169
2,731
Trade and other payables
17,773
20,250
Current portion of lease liabilities
1,483
1,629
Current portion of term loans
660
1,030
Deferred revenue
13,667
13,369
38,752
39,009
Lease liabilities
2,501
3,296
Long term debt
1,119
1,295
Deferred revenue
3,868
3,855
46,240
47,455
Equity
Share capital
87,686
85,932
Retained earnings
(9,405)
(7,239)
Share-based compensation and other reserves
6,935
7,574
Cumulative translation adjustment
9,067
11,314
94,283
97,580
150,524
145,036
Thousands of Canadian dollars
Three months ended
April 30,
Six months ended
April 30,
2026
2025
2026
2025
($)
($)
($)
($)
Net Income (loss)
(1,818)
(2,391)
(1,997)
(3,469)
Income taxes (recovery)
(1,477)
(948)
(1,646)
(2,221)
Income (loss) before income taxes
(3,295)
(3,339)
(3,643)
(5,690)
Depreciation
946
936
1,912
1,828
Amortization
1,163
1,313
2,339
2,612
Financial expenses
148
171
298
339
EBITDA(1)
(1,038)
(919)
906
(911)
Share-based payments (LTIP)
1,357
1,044
2,029
1,428
Legal settlement and related fees
—
1,549
—
1,716
Adjusted EBITDA(1)
319
1,675
2,935
2,233
Adjusted EBITDA Margin(1)
1.0 %
4.9 %
4.3 %
3.6 %
Note:
(1)
Non-IFRS measure. See “Non-IFRS Measures.”
(2)
Certain comparative figures have been reclassified to conform to the current year presentation.
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SOURCE Haivision Systems Inc.
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B&R Technology Merger Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing September 10, 2026
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NEW YORK, Sept. 8, 2026 /PRNewswire/ — B&R Technology Merger Corp. (Nasdaq: BRTMU) (the “Company”) announced today that, commencing September 10, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market under the symbols “BRTM” and “BRTMW,” respectively. Those units not separated will continue to trade on the Nasdaq Stock Market under the symbol “BRTMU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About B&R Technology Merger Corp.
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Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact
David York
Clark Callander
Steve Fletcher
B&R Technology Merger Corp.
info@bandrtechnology.com
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SOURCE B&R Technology Merger Corp.
Technology
Georgia Power encourages customers to take action during National Preparedness Month
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Company highlights important safety information and resources to help customers prepare for emergencies
ATLANTA, Sept. 8, 2026 /PRNewswire/ — As the peak of hurricane season approaches, Georgia Power is reminding its 2.8 million customers to be prepared for emergencies. In support of National Preparedness Month, the company is once again partnering with the Federal Emergency Management Agency and the Georgia Emergency Management and Homeland Security Agency throughout September.
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Georgia Power encourages all customers to take proactive measures to safeguard their homes and families before disasters strike, including:
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Staying informed during emergencies such as hurricanes, tornadoes and severe thunderstorms is critical, and Georgia Power offers the following resources to help customers stay connected and informed:
Outage Alerts – Customers subscribed to the free Georgia Power Outage Alerts service will receive personalized notifications and updates via text message. Check that your contact number is up to date to receive the latest information. Outage & Storm Center – Available at www.GeorgiaPower.com/Storm, customers can visit this site to ensure their contact information is updated to receive Outage Alerts, report and check the status of outages, and access useful safety tips and information. Customers can also report and check the status of an outage 24 hours a day by contacting Georgia Power at 888-891-0938. Outage Map – Housed within the Outage & Storm Center, Georgia Power’s interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times. The map is updated regularly from teams in the field. Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go. Social Media – Follow Georgia Power on Facebook, Instagram and X for storm tips, outage updates, customer service and more.
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About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.8 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
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Nelnet Accessibility Services Now on Civic Marketplace
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State and local agencies can now access Nelnet’s accessibility assessment, remediation, and compliance services through a cooperative contract that requires no new request for proposal (RFP) ahead of approaching Department of Justice (DOJ) Americans with Disabilities Act (ADA) Title II compliance deadlines.
LINCOLN, Neb., Sept. 8, 2026 /PRNewswire/ — Nelnet Government Services today announced that its cooperative purchasing contract, awarded through the Alliance for Innovation (AFI), is now accessible through Civic Marketplace. By listing on Civic Marketplace, Nelnet gives local governments, public schools, and other public agencies nationwide a streamlined way to discover and procure its ADA Web Accessibility Consulting and ADA Web Accessibility Consulting and Design services.
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Accessibility Assessments: Expert-led audits of websites, applications, and documents that surface Web Content Accessibility Guidelines (WCAG) 2.1 barriers and produce a clear compliance roadmap.Remediation Services: Hands-on repair of websites, mobile apps, documents, and video so digital content works for people using assistive technology.Voluntary Product Accessibility Template (VPAT) and Accessibility Conformance Report (ACR) Reporting, Training & Ongoing Support: Standards-based compliance documentation, staff training, and Accessibility Team as a Service (ATaaS) for continuous governance as content changes.
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Why This Matters
Under the Department of Justice’s ADA Title II rule, state and local government websites, apps, and digital content must meet WCAG 2.1 AA standards. The DOJ recently extended the compliance deadlines, giving larger public entities until April 26, 2027, and smaller public entities and special districts until April 26, 2028. But auditing, remediating, and retraining staff across years of legacy content takes longer than many agencies expect, and the deadline marks when compliance is required, not when the work should start.
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Nelnet Government Services (NYSE: NNI) helps public sector organizations achieve and maintain digital accessibility compliance while creating more inclusive experiences for the people they serve. Our U.S.-based accessibility team partners with agencies to assess, remediate, monitor, and govern digital content, websites, applications, and documents. Through accessibility assessments, remediation services, training, reporting, and ongoing compliance support, we help agencies build sustainable accessibility programs that reduce risk, increase access, and improve service delivery. See Nelnet’s digital accessibility services at Nelnet.com.
About Alliance for Innovation
AFI is a nonprofit association of governments dedicated to fostering innovation and excellence in local government. AFI assists local governments in implementing innovative solutions to enhance efficiency, service delivery, and community impact. The organization emphasizes strategic thinking, emerging technologies, and best practices to equip public agencies with the knowledge and support to address evolving challenges.
AFI offers various programs, including innovation academies, workshops, and a comprehensive knowledge network that allows local governments to share success stories and lessons learned. It hosts annual conferences and webinars that unite municipal leaders, industry experts, and academic researchers to explore trends in governance, sustainability, civic engagement, and operational improvements. By promoting a culture of innovation, AFI empowers local governments to be more adaptive, resilient, and responsive to the needs of their communities, ultimately enhancing the quality of life for citizens nationwide.
About Civic Marketplace
Civic Marketplace is the AI procurement platform built for local governments and free for every SLED entity to use. By removing cost as a barrier, we make it easier for cities, counties, and school districts to modernize how they buy goods and services without adding strain to already tight budgets.
Our platform connects government buyers to a network of pre-approved suppliers, ensuring every contract meets compliance and quality standards from the start. We’re especially committed to expanding access for historically underutilized businesses, helping local governments support regional suppliers and strengthen the communities they serve.
Procurement doesn’t have to be slow, complicated, or expensive. Civic Marketplace is backed by venture investment and built to prove it. Learn more at civicmarketplace.com.
View original content:https://www.prnewswire.com/news-releases/nelnet-accessibility-services-now-on-civic-marketplace-302872789.html
SOURCE Nelnet Government Services
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