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Elevex Capital Launches Multi-Vertical Floor Plan Finance Platform, Powered by Vero Technologies

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Committed, technology-enabled wholesale inventory finance for equipment dealers across construction, agriculture, material handling, trucks, marine and powersports, and rental and fleet — live now on Vero’s Lending-as-a-Service platform

WESTLAKE, Ohio and NEW YORK, July 9, 2026 /PRNewswire-PRWeb/ — Elevex Capital, LLC (“Elevex”), a specialty commercial equipment finance company, today announced the launch of its floor plan finance platform, a purpose-built, multi-vertical wholesale inventory finance business serving equipment dealers, distributors, and resellers across the United States. The platform is live in partnership with Vero Finance Technologies, Inc. (“Vero”), a leading provider of technology and servicing for wholesale and inventory finance, which provides day-to-day servicing and operational support through its Lending-as-a-Service (LaaS) program and VeroOS, Vero’s modular wholesale and inventory finance platform.

Elevex provides revolving, asset-secured lines that let dealers fund wholesale inventory across a wide range of verticals under a single, committed relationship — addressing a market in which dealers increasingly face fewer providers, tighter terms, and less flexibility. Floor plan lending has a decades-long record of strong performance, driven by strong collateral coverage, short holding periods, and active monitoring. Yet dealers have watched provider after provider enter the space in good times and retreat when conditions tighten — through bank pullbacks, captive lenders narrowing to single-brand programs, and ongoing consolidation among independent lenders. The gap is widest for dealers seeking small and mid-sized flooring facilities: large enough to matter to their business, too small to hold the attention of the remaining national providers. Elevex was built to serve exactly that underserved segment — a lender for which floor plan is the core business, not a product to be cut in the next downturn.

A committed, brand-agnostic line across the whole showroom

Elevex finances compact and heavy construction equipment, agriculture and turf, material handling and industrial power, trucks and vocational vehicles, marine and powersports, and rental and fleet inventory. The platform serves both OEM-sponsored dealer programs and independent dealers, offering competitive advance rates, curtailment structures calibrated by vertical to how inventory actually turns, and lending across the United States with cross-border optionality as the platform scales. Elevex’s OEM and distributor finance programs are live at launch, with Vero servicing sponsored finance offerings for manufacturers and other OEM ecosystem partners from day one.

Technology-enabled discipline, human judgment

Elevex’s operating model pairs real-time monitoring, digital and on-site audits, title control, and self-service dealer portals with experienced wholesale finance professionals. Powering that model is VeroOS, Vero’s proven wholesale and inventory finance platform, together with Vero’s servicing infrastructure supporting core floor plan functions — funding, servicing, portfolio oversight, and risk monitoring. Vero’s technology carries the operational load that historically kept lenders from serving smaller facilities economically, enabling Elevex to scale efficiently while maintaining a modern borrower and partner experience.

“Dealers have been taught to expect their flooring partners to leave — and too often, they have,” said Jeffry D. Elliott, Chief Executive Officer of Elevex Capital. “This asset class never deserved that abandonment; it performs through the cycle. We built Elevex to be the floor plan lender that stays: multi-vertical, technology-enabled, and committed by design. Most lenders finance assets. We engineer outcomes — and we intend to be here to see them through.”

“The old floor plan experience meant surprise audits, rigid curtailments, and waiting days for funding,” said Spencer Richman, President and Chief Operating Officer of Elevex Capital. “When we can see a dealer’s floor in real time, we can fund faster, audit with far less friction, and give dealers the flexibility their business actually needs. The technology is what lets us be both disciplined and dependable at the same time.”

“Elevex is building a technology-forward equipment finance platform with a clear focus on speed, transparency, and modern execution,” said John Mizzi, Chief Executive Officer of Vero Technologies. “By pairing Elevex’s vision with Vero’s proven servicing capabilities and VeroOS, we’re helping Elevex launch, scale, and bring its OEM- and distributor-sponsored finance programs to market.”

Availability

Elevex Capital’s floor plan platform is available now to equipment dealers, distributors, resellers, and OEMs across the United States. Dealers and manufacturers interested in a flooring line or an OEM program can learn more at elevexcapital.com or contact the Elevex team directly.

About Elevex Capital

Elevex Capital engineers payment solutions for commercial equipment needs, serving small businesses, mid-sized companies, equipment sellers, third-party originators, community banks, and capital markets partners across the United States and Canada. The company combines decades of equipment finance expertise with AI-powered technology to deliver innovative payment structures—including usage-based models, seasonal payments, milestone-based terms, and as-a-service options—that align with how equipment actually generates business value. Backed by a $1 billion forward flow agreement with TPG and credit facilities with Wells Fargo and Woodforest Bank, Elevex provides application-only financing up to $1,000,000 with decisions in minutes. For more information, visit elevexcapital.com.

About Vero

Vero provides an end-to-end SaaS and servicing platform designed to streamline wholesale, supply chain, rental and fleet financing. The modular platform supports every function across a lender’s organization with process automation, analytics, and workflow management, enabling lenders to grow efficiently, reduce manual work, and enhance borrower experiences. Learn more at vero-technologies.com.

Media Contact

Cory Damm, Elevex Capital, 1 603-630-7427, keith@sawbuxmarketing.com, www.elevexcapital.com

Jason Bartz, Vero Technologies, 404-383-7048, info@vero-technologies.com, vero-technologies.com

View original content:https://www.prweb.com/releases/elevex-capital-launches-multi-vertical-floor-plan-finance-platform-powered-by-vero-technologies-302821411.html

SOURCE Elevex Capital

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Debevoise Expands Fund Finance Practice with the Return of Zahra Sowder as Partner

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NEW YORK, July 14, 2026 /PRNewswire/ — Debevoise & Plimpton LLP announced today that Zahra Sowder has joined the firm as a partner in its Fund Finance practice in New York.

Ms. Sowder advises private funds and financial institutions on a broad range of complex fund financing transactions, including subscription lines and NAV facilities, as well as bespoke financing solutions for LP and GP stakes. She also has extensive experience advising corporate borrowers on asset-based financings.

Presiding Partner Peter Furci said, “We continue to invest in our private capital platform to meet growing client demand for sophisticated financing solutions across the fund lifecycle. Zahra’s deep experience in this area, together with her longstanding connection to Debevoise and many of our clients, makes her an exceptional addition to the firm.”

Co-Chair of the Fund Finance Group Ramya Tiller said, “Private capital clients need sophisticated financing advice to support liquidity, fundraising and investment activity. Zahra has deep experience across the products our clients are using most actively, including NAV facilities across all strategies and other complex fund financing solutions. Having previously practiced at Debevoise, Zahra can contribute immediately to our growing practice.”

Ms. Sowder said, “Debevoise played an important role earlier in my career and is ideally suited for this next stage of my practice, especially given its specialized and growing fund finance practice. I look forward to working with colleagues and clients I know well and contributing to the continued growth of the practice.”

Ms. Sowder joins Debevoise from the New York office of another international law firm and previously practiced at Debevoise for more than 15 years as an associate and counsel. She received her J.D. from UCLA School of Law in 2008 and her B.A. from Vassar College in 2002.

View original content:https://www.prnewswire.com/news-releases/debevoise-expands-fund-finance-practice-with-the-return-of-zahra-sowder-as-partner-302825501.html

SOURCE Debevoise & Plimpton LLP

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As AI Agents Scale, Enterprises Demand Execution Control — Devenex Takes Control

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LAS VEGAS, July 14, 2026 /PRNewswire/ — • Inside the world’s largest organisations, AI agents are no longer experimental. They are executing in production — modifying financial records, triggering payments, approving workflows, and acting with the full operational authority of the enterprises that deployed them. By every credible estimate, the volume and consequence of these actions will increase by an order of magnitude within 24 months.

Yet no infrastructure layer exists to govern what these agents actually do. No systematic policy enforcement before action. No immutable audit trail after. No deterministic control between an agent’s intent and its real-world consequence. The most consequential technology shift in enterprise history is unfolding without an accountability layer.

Today, that changes. Devenex — the Execution Control Plane for AI agents — launches at Google Cloud Next 2026, introducing enterprise-grade governance infrastructure that sits between agent intent and real-world execution. Every action is policy-evaluated, explicitly authorised, identity-bound, and recorded as audit-grade evidence — before it takes effect, giving new life to enterprise AI initiatives.

Devenex is not a monitoring tool. It is not a workflow engine. It is the control plane that ensures no AI-initiated action executes without governance — giving CIOs, CTOs, CROs and enterprise security leaders the confidence to deploy agents at scale without sacrificing accountability.

THE STRUCTURAL GAP

Analyst consensus has converged on a single conclusion: enterprise AI execution capability is outpacing the controls designed to keep it accountable.

Gartner projects that by 2028, a third of enterprise software will incorporate agentic AI — up from less than one percent in 2024. McKinsey identifies governance and risk as the primary barriers to scaling enterprise AI, ahead of model quality or talent. Deloitte’s 2026 enterprise survey finds that 80 percent of leaders piloting AI agents cite security and compliance as the leading obstacle — up from 68 percent a year earlier.

The pattern is consistent across every credible source: enterprises are deploying agents faster than they can govern them. An AI agent that modifies a customer record, approves a discount, or initiates a wire transfer without a governing policy layer is not automation. It is an unmanaged compliance event, a latent security exposure, and a board-level liability.

Devenex addresses this gap at the infrastructure level — not as a feature bolted onto existing tools, but as a purpose-built control plane designed for governed enterprise execution from the ground up.

THE EXECUTION CONTROL PLANE

Devenex operates as the authorisation and governance layer between enterprise decision-making — whether initiated by humans, AI agents, or automated systems — and the execution of actions across enterprise systems of record.

Every action processed through Devenex produces four structured artifacts:

Intent Record. 

Execution Plan. 

Governed Execution. 

Execution Evidence. 

This model ensures that enterprises maintain full traceability from intent to outcome — satisfying EU AI Act, SOC 2, ISO 42001, and sector-specific regulatory requirements.

ENTERPRISE CAPABILITIES

Pre-Execution Policy Enforcement.  Every agent action is evaluated against organizational policy before execution. Nothing executes unchecked. Enterprises gain control over what agents are permitted to do — reducing compliance risk and eliminating ungoverned action.

Dynamic Human-in-the-Loop Governance.  High-consequence actions are routed to designated reviewers without halting low-risk automation. Approval workflows are configurable at the agent, action, or policy level — ensuring human oversight where it matters without creating operational bottlenecks.

Immutable Audit Infrastructure.  Every governed execution is recorded to an append-only ledger. Enterprises gain continuous compliance evidence without manual reporting.

Unified Observability Across Agents.  Live and retrospective visibility into agent activity, policy adherence, and anomaly patterns. Security, compliance, and operations teams share a single authoritative view of enterprise execution.

BUILT FOR ENTERPRISE REALITY

Devenex delivers flexible deployment models—SaaS, hybrid, and self-deployed—enabling organizations to adopt at their own pace.

Engineered to be framework-agnostic and cloud-native, Devenex integrates seamlessly across diverse enterprise environments. The platform does not replace existing systems of record, integration platforms, or identity providers. It governs execution across them.

LEADERSHIP

“For four decades, Abacus has earned the trust of enterprises navigating their most consequential technology transitions. Devenex represents the next chapter — purpose-built infrastructure for a world where AI agents execute with the authority of the organisations that deploy them. Governance at this layer is not optional. It is a precondition for enterprise AI at scale.”

— Aly Kuly Khan
Co-Founder & Chairman, Devenex

“For four decades, we’ve built the layers enterprises run on — systems of record, integration, workflow automation, API and iPaaS governance. Each wave solved the problem the previous one created. Today, AI agents are executing actions on architecture that was never designed to govern them. This isn’t an AI problem. It’s an architectural gap — and it’s the one our experience has prepared us to solve. Enterprises cannot answer four questions about any agentic action: who authorized it, what policy governed it, why it executed as it did, and whether they can prove it after the fact. In regulated environments, these aren’t edge cases — they’re the baseline. Devenex is the execution control plane that answers all four, by design, at execution time.”

— Shoaib A. Khan
Co-Founder & CEO, Devenex

AVAILABILITY & ENGAGEMENT

Devenex is available immediately, with deployment support from Abacus teams across the globe.

Enterprise pilot programmes are open to qualified organisations seeking to bring governed execution to production AI workloads.

Learn more at www.devenex.com

THE ROAD AHEAD

Enterprise AI is entering its execution era. The question is no longer whether agents can act — it is whether they can act accountably. The organisations that solve this first will scale AI faster, operate with greater confidence, and carry less risk than those that treat governance as a downstream problem.

Devenex exists to make governed execution the default operating model of the enterprise. Not as an aspiration. As infrastructure.

About DevenEx

Devenex is the Execution Control Plane for AI agents — enterprise infrastructure that governs every action across systems with policy enforcement, explicit authorisation, and audit-grade evidence. Built for the agentic era, Devenex sits between intent and execution so that no enterprise action moves forward ungoverned. Devenex is built by the team behind Abacus, bringing four decades of enterprise trust to AI execution governance.

About Abacus

Abacus is a global professional services leader in technology, outsourcing, and people solutions. With nearly 40 years of experience, 5,000+ professionals across four continents, and 1,500+ enterprise clients, Abacus designs bespoke solutions that enable organisations to create the future of business and embrace change for sustainable growth.

Media Contact

Devenex
www.devenex.com
Shoaib Khan
shoaib.khan@abacuscambridge.com
+1 (347) 701-4221

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/as-ai-agents-scale-enterprises-demand-execution-control–devenex-takes-control-302825507.html

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CASIO Makes Classroom-Ready Calculator Free for Everyone with Launch of fx-300ES PLUS Online Emulator

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Casio’s fx-300ES PLUS Online Emulator is the First Web-Accessible Emulator of the Iconic Scientific Calculator, Giving Students, Parents and Teachers Free, Instant Access

JERSEY CITY, N.J., July 14, 2026 /PRNewswire/ — Casio America, Inc. today announced a free online emulator for its fx-300ES PLUS scientific calculator, available now at ClassPad.net. The first web-accessible emulator of its kind for the fx-300ES series gives students and educators instant access to a fully functional digital calculator—at no cost—from any internet-connected device.

“The 300ES PLUS has been a staple in math and science classrooms for years because it’s reliable and easy to use,” said Marko Wityk, Senior General Manager of EdTech at Casio America. “This emulator takes that same experience and makes it available to any student. Whether they’re finishing homework or teachers are walking a class through a problem, this tool removes any barriers standing in the way of learning.”

Designed for Classrooms

The emulator requires only a free login through Google, Google Classroom, Microsoft, or Clever, platforms already in use at schools nationwide. Users gain access to a fully functional digital calculator replicating the fx-300ES PLUS, along with other scientific and graphing calculator options from Casio.

Key features include:

Projection mode – The emulator screen can be enlarged for display on a projector or interactive whiteboard, letting teachers walk the entire class through problems step-by-step.Key log – Displays a running log of each key used in a problem, allowing students to easily follow along with the teacher.Natural Textbook Display – See math problems and fractions exactly as they would appear in textbooks, homework, or exams.Zero cost and instant access – No app download needed and no purchase or subscription required now or in the foreseeable future.Device-agnostic – Compatible with any web-enabled device, from school Chromebooks to home laptops to tablets and other mobile devices.Screenshot – Capture an image of the calculator display to compare results and functions. Screenshots are copied to the clipboard for use in other applications as well.

The fx-300ES PLUS emulator is available now, free of charge, at ClassPad.net. Users can log in with an existing Google, Google Classroom, Microsoft, or Clever account. No additional registration is required.

The physical calculator remains available at major retailers nationwide and online at casio.com, typically priced around $15. Education pricing is available to teachers and schools by contacting edtech@casio.com.

About Casio America, Inc.
Casio America, Inc. is a subsidiary of Casio Computer Co., Ltd., one of the world’s leading manufacturers of consumer electronics and business equipment solutions. Casio’s EdTech division is dedicated to empowering students, educators, and parents with tools that make learning more accessible and effective. Casio products are sold through authorized Casio dealers. For more information, visit casio.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/casio-makes-classroom-ready-calculator-free-for-everyone-with-launch-of-fx-300es-plus-online-emulator-302825523.html

SOURCE Casio America, Inc.

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