Anuncio • Mar 21
Level Access Holdings, Inc. completed the acquisition of UserWay Ltd (TASE:UWAY). Level Access Holdings, Inc. signed a definitive agreement to acquire UserWay Ltd (TASE:UWAY) for $98.7 million on December 31, 2023. The transaction has been approved by UserWay’s Audit Committee, Board of Directors and is subject to approval by UserWay’s shareholders and receipt of customary regulatory approvals. transaction is expected to close in early 2024. Upon closing of the transaction, UserWay will become a privately-held company wholly owned by Level Access and the company’s shares will no longer be listed on TASE or on any public stock exchange. The business will continue to operate under the UserWay name and brand, with Allon Mason as CEO of UserWay and President of Level Access.
Nfluence Partners acted as exclusive financial advisors and Sullivan & Worcester as legal counsel to UserWay. Latham & Watkins LLP and Herzog, Fox & Neeman served as legal counsel to Level Access.
Level Access Holdings, Inc. completed the acquisition of UserWay Ltd (TASE:UWAY) for $98.7 million on March 20, 2024. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: US$1.27 (vs US$2.17 loss in FY 2022) Full year 2023 results: EPS: US$1.27 (up from US$2.17 loss in FY 2022). Revenue: US$13.8m (up 78% from FY 2022). Net loss: US$4.62m (loss narrowed 40% from FY 2022). Anuncio • Jan 01
Level Access Holdings, Inc. signed a definitive agreement to acquire UserWay Ltd (TASE:UWAY) for $98.7 million. Level Access Holdings, Inc. signed a definitive agreement to acquire UserWay Ltd (TASE:UWAY) for $98.7 million on December 31, 2023. The transaction has been approved by UserWay’s Audit Committee, Board of Directors and is subject to approval by UserWay’s shareholders and receipt of customary regulatory approvals. transaction is expected to close in early 2024. Upon closing of the transaction, UserWay will become a privately-held company wholly owned by Level Access and the company’s shares will no longer be listed on TASE or on any public stock exchange. The business will continue to operate under the UserWay name and brand, with Allon Mason as CEO of UserWay and President of Level Access.
Nfluence Partners acted as exclusive financial advisors and Sullivan & Worcester as legal counsel to UserWay. Latham & Watkins LLP and Herzog, Fox & Neeman served as legal counsel to Level Access. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Meirav Dudek was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Oct 06
UserWay Announces the Release of Standards Upgrade Across Its Offerings UserWay announced the release of a standards upgrade across its offerings. The World Wide Web Consortium (W3C), the internet's international standards-setting organization, has adopted WCAG 2.2 as the latest standard for accessibility online. Meanwhile, global regulatory pressure around accessibility is ratcheting up. The U.S. Department of Justice, on August 4, 2023, published proposed rules increasing digital accessibility demands of state and local public entities. Member states of the European Union have begun enforcing the new E.U. accessibility laws across the private sector, including in eCommerce, goods, and services. WCAG 2.2 has been seen as more of a complementary update to the previous WCAG 2.1 standards rather than a significant leap towards WCAG 3.0, which may eventually be a major overhaul that will introduce significant changes to the WCAG framework. The update adds nine new success criteria that companies must meet in order to conform. Companies who are compliant using WCAG 2.1 AA standards may no longer be under WCAG 2.2. Audits and certified testing may be required to identify accessibility violations under the new standards. WCAG 2.2 will address emerging challenges, incorporate industry best practices, and improve support areas for people with cognitive and learning disabilities. WCAG 2.2 focuses on keyboard navigation, consistency of user interface elements and form validation. These are critical to people with visual impairments, cognitive impairments, motor impairments, and memory loss, to better interact with online services. UserWay's recent upgrades mean customers can now identify and remediate accessibility violations under WCAG 2.2, seamlessly. Organizations can become more accessible using UserWay's AI-Powered Accessibility Solution, Scanner, and Audit solutions. With the publication of WCAG 2.2, the digital landscape is set to become more inclusive and accessible. With its proactive approach and commitment to innovation, UserWay continues to be a trusted partner in the journey toward digital accessibility and compliance. Anuncio • Sep 20
Userway Announces the Launch of Userway for Microsoft Powerpoint UserWay announced the launch of UserWay for Microsoft PowerPoint, which makes presentations accessible for people with disabilities, better for teams, and compliant for organizations. UserWay's platform is built for the highest standards set by the ADA, Section 508, PDF/UA, and WCAG 2.1 & 2.2. When presentations collide with assistive technologies: With 1.2 billion MS Office users across sectors including business, government and academia, there has been no end-to-end solution to fully support accessible PowerPoint files. Consequently, slides rich with data, content and infographic appear unnecessary with no sequenced order when being accessed by screen reader users. The accessible slide has become an agent of discrimination by omission. UserWay for MS PowerPoint allows team members to handle accessibility on the spot, solving the most complicated part of PowerPoint accessibility - creating logical reading sequences, structured headings, with rapid export to an accessible PDF file. Once installed, the solution works inside of MS PowerPoint as an integrated accessibility Tool. It scans presentations for accessibility issues, applies automatic fixes, and guides users to solve any remaining issues step by step. It tackles common problems like missing alternative texts for images, color contrast violations, heading structure, inaccessible links, tables, lists and more. UserWay for MS PowerPoint joins the company's product family for digital documents used by public companies, government agencies, major banks, and telecoms. In August 2023, UserWay for MS Office was shortlisted for the coveted Zero Project 2024 award, with disability inclusion experts from around the world acknowledging the company's impact on inclusive technology. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₪145.3m market cap, or US$39.4m). Anuncio • Jun 23
UserWay Launches Beta Version of the Free Generative AI Product FixMyCode.ai UserWay announced the beta launch of FixMyCode.ai, the first coding assistant trained in digital accessibility and ADA compliance. The product was featured as #1 Product of the Day on Product Hunt on the day it went live, June 18th, 2023. Developers can use the free tool to produce more inclusive and usable end-user experiences, faster. FixMyCode generates accessible code by understanding conversational inputs, like, "Produce an accessible form for a website," or by remediating code that may be fully or partially inaccessible. The assistant produces explanations of the code changes it made, serving as an educational tool for developers, as well. Today's digital divide causes harm to people with disabilities, who encounter daily obstacles when using websites, apps, and digital documents. Today, approximately 97% of websites are inaccessible, but 200,000 new ones are published every day. Without an increase in awareness around digital accessibility, the digital divide will continue to grow. Automation and AI could be the catalyst for scalable change, and UserWay is doubling down on its use of AI to help eliminate this gap. UserWay's development team is using an innovative generative AI model trained on WCAG, the global digital accessibility standards, along with the company's own expertise in accessible coding practices. Since 2016, the company has been committed to unlocking online experiences for over 1 billion people, globally, living with disabilities. With its suite of AI-powered products and services across the entire development lifecycle, UserWay has helped over 1 million websites worldwide improve accessibility, usability, and compliance with legal regulations. The company's solutions are used by developers, designers, and organizations of all sizes, including Coca-Cola, Nespresso, Disney, the UN, and governments and organizations from every sector of the global economy. Anuncio • Oct 28
Userway Launches Managed Accessibility and Compliance for Enterprises UserWay launched Managed Accessibility, a full-scale solution for enterprises. Managed Accessibility is used to achieve and maintain web accessibility and full legal compliance. In a first for the industry, the solution provides a robust Legal Support Program (LSP). It is also backed by UserWay's million-dollar legal guarantee. As governments expand anti-discrimination laws across the United States and the European Union, companies of all sizes grapple with a growing number of lawsuits and litigation risks. Over 5,000 digital accessibility-related lawsuits were filed in the U.S. in 2021 alone, and among the top 50 websites on the internet, 77% have been found to have moderate to severe accessibility violations. When companies break accessibility laws, the implications are dire for the digital economy, locking out up to 1 billion people with some form of disability. UserWay provides AI powered accessibility solutions to global organizations, such as Coca-Cola, Disney, Nielsen, and the United Nations. To protect enterprises from every angle with long-term accessibility programs, UserWay's Managed Accessibility combines the company's AI solutions suite with human expert intervention. The solution fully manages corporate digital accessibility efforts, from websites to PDFs and online videos, avoiding the costly effort of hiring and training or repurposing internal teams. In addition to UserWay's AI-powered Pro Accessibility Widget, the new solution includes manual auditing, reviews and testing, site scans, continuous monitoring, and hands-on remediation by UserWay accessibility developers. Anuncio • May 18
UserWay Appoints Raghavendra Satish Peri as Director of Accessibility UserWay announced the appointment of Raghavendra Satish Peri as Director of Accessibility. This role will provide organization-wide leadership in the area of disability awareness to help UserWay realize its mission of making the internet accessible for everyone. Peri comes to UserWay with more than a decade of experience in the accessibility industry. His career includes having served on the accessibility team at IBM and being Senior Accessibility Consultant and Product Manager for Deque Systems. Anuncio • Apr 27
UserWay Releases Version 4.0 of its AI-Powered Accessibility Solution UserWay announced version 4.0 of its AI-Powered Accessibility Solution. The new UserWay solution helps ensure an accessible, compliant and more usable experience tailored to blind users, those with low vision, limited mobility, dyslexia and much more. UserWay clients will enjoy the addition of improved team management capabilities, including single sign-on (SSO), advanced customization options, and a powerful desktop dashboard that makes onboarding and configuring new sites faster and more efficient. Teams can also generate easy-to-understand accessibility reports to share with their compliance departments and for data-driven decision-making. All new customers have immediate access to the updated widget via UserWay.org/get. Websites already running UserWay's existing solutions will be upgraded within the next 30 days. Users of the classic AI-Powered Accessibility Widget who wish to keep the previous version will be able to do so until Nov. 1, 2022, after which version 4.0 will be rolled out to UserWay's entire user base. Anuncio • Feb 17
UserWay Appoints Adam Ikar as Chief Strategy Officer UserWay announced the appointment of Adam Ikar as Chief Strategy Officer. This role will provide strategic leadership across the organization to help UserWay realize its mission of making the internet accessible for everyone. Ikar previously served as CEO of Equalweb, a startup company focused on accessibility solutions, and directed its sales growth to more than $3 million in 2 years. He also led its international business development initiatives, securing enterprise clients across Europe, the USA, and Brazil. Ikar brings more than a decade of marketing and sales experience to UserWay, including successful business deals with global brands like Coca-Cola, Subaru, Ness, Jaguar, Pizza Hut, Manpower, Fiverr, Estee Lauder, Groupon and Kimberly Clark. Anuncio • Feb 05
UserWay Ltd has completed an IPO in the amount of $10 million. UserWay Ltd has completed an IPO in the amount of $10 million.
Security Name: Shares
Security Type: Common Stock