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SitusAMC Announces Strategic Decision to Retain Real Estate Valuation Services Business

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NEW YORK, July 24, 2024 /PRNewswire/ — SitusAMC, the leading provider of investment advisory, strategic outsourcing, talent, and technology solutions to the commercial and residential real estate finance industries, today announced the strategic decision to retain its Real Estate Valuation Services (REVS) business and commitment to invest $20MM of capital to expand technology capabilities for the business. This decision follows a period of strategic alternative exploration. 

ABOUT SITUSAMC’S REAL ESTATE VALUATION SERVICES
SitusAMC’s REVS business is a leading provider of independent commercial real estate valuation services. In 2023, the team provided valuation services on more than $2 trillion in CRE assets and completed more than 26,000 reviews and appraisals. The business operates globally and features a broad capability set including: 

Equity Valuation Management Services Bank & Lending CRE Valuation Management Services Appraisal & Consulting Services Pension Fund Advisory Services Daily Valuation Services 

SitusAMC’s REVS business is highly regarded in the industry, known for its deep bench of proven, highly credentialed valuation professionals, a commitment to providing white-glove client execution, and driven by industry-leading, tech-enabled platforms.  

“Our team’s dedication to best-in-class valuation service is unwavering, and we are focused on investing in differentiated technology to support our global engagements. We look forward to continuing our journey with SitusAMC as we continue to grow the business and expand our position as a leader in the industry.” – Brian Velky, Managing Director, Global Head of REVS. 

STRATEGIC DECISION TO RETAIN THE BUSINESS
Over the past several months, SitusAMC has received extensive interest in its REVS business. In late 2023, the company entered into a sale transaction with Altus Group, which ultimately did not materialize. Despite continued interest from third parties, SitusAMC has decided to retain its REVS business. 

“Due to the interest in the REVS business, we decided to explore strategic options; however, the market expressed a desire for choice in their valuation partners and we are happy to continue offering those solutions as a part of SitusAMC. Our capital commitment highlights our focus on driving superior execution and insights for our clients and the broader market.” – Michael Franco. SitusAMC Chief Executive Officer. 

“Customers are increasingly seeking diverse options for their real estate valuations, and SitusAMC’s Real Estate Valuation Services group stands out as a proven partner with deep and meaningful relationships across the industry. We are excited to support SitusAMC as they invest in the REVS business and drive continued growth, ensuring that their clients receive unparalleled service and expertise across their valuation needs.” – Agha Khan, Co-Head of Private Equity at Stone Point Capital, a longstanding investor in SitusAMC. 

FUTURE FOCUS
Backed by its deep commitment to white-glove client service, highest standards of delivery, and highly credentials and experienced professionals, SitusAMC’s REVS business is well positioned for expansion within the industry.  

To support its growth objectives, SitusAMC has committed $20MM of technology investments through 2028, with a particular emphasis on enhancing REVS’s industry-leading valuation platforms: 

Valuation Management System (VMS) – a cloud-based platform that provides workflow and data management as well as robust real-time reporting capabilities, will see further enhancements via a next-generation “VMS Next” platform release. Daily Valuation System (DVS) – the industry’s only cloud-based daily valuation platform that provides a standardized workflow and reporting process for net asset valuation reporting, will also see continued investments to enhance the recently released product functionality. 

“Our REVS team continues to set the standard for real estate valuations, driven by their best-in-class, tech-enabled services. We look forward to continuing to invest and support the business as they work alongside our broader team to power opportunity across the lifecycle of our clients CRE finance activity.” – Anne Jablonski, Executive Managing Director, Head of CRE, SitusAMC.  

For more information about SitusAMC’s Real Estate Valuation Services, please visit https://www.situsamc.com/real-estate-valuation-services or contact: 

Brian Velky 
Managing Director & Global Head
Real Estate Valuation Services
brianvelky@situsamc.com  

ABOUT SITUSAMC
SitusAMC is a leading independent provider of investment advisory, strategic outsourcing, talent, and technology solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.
Media Contact: mediarelations@situsamc.com.  

ABOUT STONE POINT
Stone Point is an alternative investment firm based in Greenwich, CT, with more than $55 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions. For more information on Stone Point, please visit: www.stonepoint.com

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Synteq Appoints Eric Yingling as Chief Executive Officer

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Vice President of HPC, and Crunchbits founder, appointed to lead Synteq’s next phase of growth.

WILMINGTON, Del., July 23, 2026 /PRNewswire/ — Synteq, a rapidly scaling provider of cloud services and infrastructure, today announces the appointment of Eric Yingling as Chief Executive Officer, effective July 1, 2026. Eric succeeds Taras Kulyk, Synteq’s co-founder, who has transitioned into the role of Chief Development Officer. Additionally, as part of his new role, Eric has also been appointed to Synteq’s Board of Directors.

Eric most recently served as Synteq’s Vice President of HPC, where he led the company’s cloud compute division. He joined Synteq through its acquisition of Crunchbits, the cloud infrastructure company he founded in 2017 and scaled into a respected name in the VPS, dedicated server, and GPU compute market. Crunchbits’ IP stack and operational expertise have materially expanded since the acquisition and now form the backbone of Synteq’s cloud compute services offering.

“From the moment we acquired Crunchbits, it was clear Eric was shaping the future of the entire business. Trusting him with the reins, as our new CEO and board member, is one of the most important decisions we’ve made to date,” said Taras Kulyk, Chief Development Officer of Synteq. “Eric is a phenomenal leader with a clear vision for where this industry is heading. His hardware, cloud deployment and engineering expertise is the exact mix of skills Synteq needs to become a trusted market leader in the enterprise cloud compute sector.”

“As part of this leadership transition, the board’s mandate was to identify a leader who could take Synteq from a fast-growing hardware and infrastructure company to a category-defining enterprise cloud platform. Through that process, Eric emerged as the clear choice. He has built and operated cloud infrastructure at every layer, he commands the trust of our team and customers, and he brings the operational and performance discipline this next phase demands,” said Jaime Leverton, Chair of Synteq’s Board of Directors.

“I’m honored to take on this new challenge and grateful to Synteq’s founders, board of directors, and leadership team for their vision and contributions in building the company into what it is today,” said Eric Yingling, Chief Executive Officer. “We have an extraordinary team, a trusted brand, a proven platform, and a market demanding exactly what we’ve built. I’m excited to ship products our customers love and deliver value no one else can match.”

About Synteq

Synteq delivers compute, bare metal, and virtualized infrastructure to enterprises, researchers, and developers worldwide, operating its own network (AS400304) and infrastructure footprint across multiple sites. Built on the foundation of Crunchbits, Synteq combines enterprise-grade infrastructure with exceptional price-performance compute, storage and virtualization. Learn more at synteq.com.

Media Contact: pr@synteq.com, https://www.synteq.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/synteq-appoints-eric-yingling-as-chief-executive-officer-302832588.html

SOURCE Synteq Digital

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Proof Technology and SmartAdvocate Announce Platform Integration for Service of Process Inside Legal Case Management Software

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Litigation teams can now initiate, track, and complete service of process without ever leaving the SmartAdvocate case file.

DENVER, July 23, 2026 /PRNewswire-PRWeb/ — Proof Technology, Inc., the service of process and e-filing technology platform, and SmartAdvocate, the award-winning legal case management system, today announced a new integration that brings service of process in every jurisdiction directly into the SmartAdvocate platform.

“Serves now start, track, and close out right inside the SmartAdvocate case file. The word that keeps coming up in early feedback is ‘effortless,'” said Dima Kovalev, Chief Product Officer at Proof.

The integration allows the 20,000+ legal professionals who manage their cases on SmartAdvocate to serve legal documents on anyone, at any time, anywhere in the United States—directly from the case file they’re already working in. No second login, no re-typing case data, no copy-and-pasted status updates, no unnecessary downloads, and no distracting emails.

Until now, managing service of process alongside a case management system has meant working outside of it: rekeying names, addresses, and document details into a separate serve request, chasing process servers for status updates over phone and email, pasting tracking notes into the case file, and downloading affidavits and invoices from one platform only to re-upload them into another. Every handoff is an opportunity for an error, a delay, or a missed deadline. This integration eliminates that entire loop—service of process becomes another step in the SmartAdvocate workflow instead of a separate errand.

The integration was designed around how SmartAdvocate law firms actually work. Rather than an additional tool that demands new training, Proof built the experience to fit directly into existing SmartAdvocate workflows:

Users initiate a serve from the Documents tab of any case, pulling documents and contact details already in the matter.Proof’s Autofill™ technology reads the uploaded document, identifies the party to be served, and pre-fills the serve request details automatically—while real-time address validation and duplicate-serve checks catch errors before the serve goes out.As service progresses, every status update appears in the SmartAdvocate case file, giving paralegals, case managers, and attorneys a shared, real-time view of every serve.When the job is complete, signed affidavits and invoices sync automatically into the SmartAdvocate case folders the firm designates, and invoices can post directly to the matter as disbursements—so nothing slips past accounting.

“Our clients expect technology that removes complexity—not adds to it. By bringing service of process directly into SmartAdvocate, we’re continuing to deliver on our promise of a truly connected litigation platform. Firms can now manage the entire service process without leaving SmartAdvocate, improving efficiency, increasing visibility, and reducing the risk of costly delays. This integration reflects our broader vision of providing law firms with the technology they need to operate smarter, move faster, and deliver exceptional results for their clients,” said Allison Rampolla, SVP of Sales and Marketing at SmartAdvocate.

“A lot of SmartAdvocate firms already use Proof—they’ve just had to run the two side by side,” said Dima Kovalev, Chief Product Officer at Proof. “Now serves start, track, and close out right inside the case file. The early feedback is some of the strongest we’ve had for any launch. Firms tell us it’s changed how the whole intake-to-serve process feels—and the word that keeps coming up is ‘effortless.'”

The integration is available now to SmartAdvocate firms. Existing Proof customers can contact their Account Manager to get started; firms new to Proof can visit proofserve.com/integrations/smartadvocate to learn more.

About Proof Technology, Inc.: Proof is a legal technology company that gives law firms and litigation practices a single platform for service of process in every jurisdiction, backed by 2,600+ rigorously vetted professional process servers. Founded in 2017 by veteran attorney Eric Voogt, Proof enables legal teams in every jurisdiction to create electronic serve requests, track attempts in real time, and receive court-ready, notarized affidavits complete with photos and location data. The platform is used by thousands of law firms and government agencies across the United States to digitize and streamline service of process and e-filing. For more information, visit https://www.proofserve.com/.

About SmartAdvocate: SmartAdvocate is a fully customizable, award-winning case management software used by more than 20,000 legal professionals. Built for today’s litigation firms, the platform helps attorneys and legal staff manage cases, documents, communications, reporting, and firm operations in a single, unified system. At the core of SmartAdvocate’s innovation strategy is built-in SmartIntelligence™: AI-powered features that help firms improve intake, automate document-intensive processes, enhance communications, and gain deeper insight from case data. With more than 175 integrations and a responsive in-house team dedicated to client success, SmartAdvocate combines innovative technology with personal support to help law firms operate more efficiently and achieve stronger outcomes. For more information, visit https://www.smartadvocate.com/.

Media Contact

Nick Bhutani, Proof Technology, 1 (201) 701-1687, nick.bhutani@proofserve.com, https://www.proofserve.com/
SmartAdvocate: Mark Fliegelman, Mark@smartadvocate.com

View original content to download multimedia:https://www.prweb.com/releases/proof-technology-and-smartadvocate-announce-platform-integration-for-service-of-process-inside-legal-case-management-software-302833307.html

SOURCE Proof Technology

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Sigma Defense Selected to Deliver SUNet 2.0 Prototype Supporting Secure AI and Mission Software Modernization

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PERRY, Ga., July 23, 2026 /PRNewswire/ — Sigma Defense, a leading provider of mission-critical software, communications, and C5ISR systems for the Department of War, today announced it has been selected to deliver a SUNet 2.0 (Secure Unclassified Network) prototype under an Other Transaction Agreement (OTA).

SUNet 2.0 is a modernization initiative designed to establish a secure, governed environment that enables artificial intelligence and machine learning (AI/ML) development, data collaboration, mission partner integration, technology experimentation, and future operational mission applications across the Department of War. Sigma Defense proposed an operational platform designed to provide the Government with a durable, mission-ready foundation that maintains government ownership of governance, identity, security, data, and operations.

“Sigma Defense is focused on delivering superior operational capabilities to the warfighter.” said Matt Jones, Chief Executive Officer of Sigma Defense. “SUNet 2.0 represents the future of defense software, delivering secure operational platforms that accelerate innovation while remaining adaptable to changing missions and technologies.”

Under the initial six-month effort, Sigma Defense will deliver a production-representative Minimum Viable Product (MVP) that enables the government to evaluate and validate core capabilities supporting AI/ML development, data operations, secure collaboration, governance, and technology integration. The prototype represents the first phase of the program and includes the potential for a follow-on production effort.

For more information about Sigma Defense contracts and capabilities, visit www.sigmadefense.com.

About Sigma Defense

Sigma Defense Systems LLC is a leading technology company serving the Department of Defense (DoD) providing systems and services for CJADC2, DevSecOps, Electronic Warfare and software development since 2006. The company’s software-focused approach to tactical communications accelerates information collection and sharing for faster decision making and better mission outcomes. Customers turn to Sigma Defense for engineering, program management, and data logistics services for technical solutions that encompass ground, sea, air, and space-based systems and sensors and network and satellite communications. Sigma is headquartered in Perry, GA with satellite offices both CONUS and OCONUS.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sigma-defense-selected-to-deliver-sunet-2-0-prototype-supporting-secure-ai-and-mission-software-modernization-302833389.html

SOURCE Sigma Defense Systems

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