TORONTO, ONTARIO--(Marketwired - Dec. 2, 2014) -
- Company Forms Partnership To Pre-load Mobile App Marketwall with MiiA
- Potential for Expanded User Base and Additional Subscription Revenues
Big data analytics company AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) entered into a partnership and revenue sharing arrangement between its mobile subsidiary Stockwall S.r.L ("Stockwall") and Futura Grafica S.p.A., owner of the brand Miia ("Miia").
Under the terms of the agreement with Miia, the Marketwall App will be loaded on every Miia device and the subscription revenues will be shared 70:30 between Stockwall and Miia respectively.
Miia is one of Europe's fastest growing consumer electronics brands - with a wide product range in TVs, Tablets, Smartphones and Accessories. Miia was established in 2011 and in a short time already has about 10% of the market share in Italy. Miia's products are characterized by stylish design and cutting edge functionality - and bring the best of Italian flair and design worldwide. Miia currently sells about 2 million devices, primarily in Europe - and expects its international operations to contribute about 40% of total sales in three years.
"We are excited about the partnership between Miia and Stockwall. The partnership will pre-load the Marketwall App on the millions of devices across Miia's platform and allow Miia's growing user base to access unique content on market prices, company fundamentals, mutual funds and currencies. Along with our Samsung partnership, this is the second partnership we have with a device maker and we expect to sign similar partnerships with other leading device brands and create a large audience base," said Marco Roscio Ricon, CEO of Stockwall
"We are proud to be MarketWall's partner," said Matteo Franchina, Project Head of Miia, "Both Marketwall and Miia have consistently emphasized innovation in design to create a fulfilling customer experience and we consider this partnership one of the key milestones to achieve our goal of creating the best customer experience across our products."
This is the second partnership between AnalytixInsight and a mobile device maker to tap the growing demand for financial data and analysis content in the mobile space. AnalytixInsight, with its unique big data analytics platform and ability to algorithmically generate content on 50,000 equities and over 1,500 ETFs, currently has a partnership and licensing deal with Samsung Electronics and has been recognized as a key content provider worldwide by Samsung.
On behalf of the Board of Directors of
Prakash Hariharan, Chairman
ABOUT ANALYTIXINSIGHT INC
AnalytixInsight Inc's technology platform helps transform data into narratives. The Company's online portal www.capitalcube.com and mobile platform Marketwall (www.marketwall.com) provide high-quality financial research and content for investors, information providers, finance portals and media. The Company's disruptive technology algorithmically analyzes market price data and regulatory filings to create insightful, actionable narratives and research on approximately 50,000 global companies and ETFs - all available as a cloud-based, SAAS offering. This platform capability is extensible to other asset classes and sectors to generate insightful research reports.
CapitalCube and Marketwall have existing business relationships with leading global financial and media institutions. For more information about CapitalCube visit http://www.capitalcube.com. For more information about Marketwall visit http://www.marketwall.com.
Miia was established in 2011 and is a brand owned by Futura Grafica S.p.A from 2011. The company's products include TVs, Tablets, Smartphones and Accessories operating in both Android and Windows platforms. Miia creates cutting-edge, hi-tech products with high functionality and is one of the fastest growing consumer electronics brands in Europe. The Company aims to represent the Italian style all around the world and one of its immediate main goals is expansion into international business markets. For more information about Miia visit http://www.miiastyle.com.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the partnership with Miia; the potential for the Miia partnership to create an expanded user base and additional revenues for AnalytixInsight; the growth of Miia's business; the growth of the Company's business operations; the use of the Company's content by various parties; and the use by certain parties of CapitalCube and Marketwall App. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "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" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company's technology and revenue generation; risks associated with operation in the technology sector; ability to successfully integrate new technology and employees; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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