- Company's Partnership with NetRange Results in 4 Million Initial Users
- NetRange Smart TV Platforms Currently Available On More Than 40 Million Devices Globally
- Potential For Expanded User Base And Additional Subscription Revenues
Toronto, ON - Big data analytics company AnalytixInsight Inc. (TSX-V:ALY) (the "Company" or "AnalytixInsight") has achieved 4 million users of its Marketwall App with its partner NetRange MMH GmbH ("NetRange"). AnalytixInsight, through its mobile subsidiary, Marketwall S.r.L ("Marketwall"), previously entered a partnership and revenue sharing arrangement with NetRange. The Marketwall App is now available seamlessly via the NetRange operated Smart TV app market, pre-installed on Smart TVs around the world and featured on its portal user interface. The NetRange arrangement is in addition to Marketwall's current partnerships with mobile and SmartTV device manufacturers Samsung Electronics ("Samsung") and MiiA ("MiiA").
The NetRange Smart TV portal solution is currently available on more than 40 million devices worldwide and Marketwall is the first financial App to be featured on NetRange's platform. NetRange is the leading global provider of white labeled, turnkey Smart TV and Over the Top TV ecosystems. The company operates an integrated, full-service solution, which includes billing, content aggregation, marketing, service and portal operations for more than 60 global TV and devices brands, such as Sharp, TCL, Skyworth, Hisense, Changhong, JVC, Pioneer and Loewe. Its fully featured content portfolio includes local and global VoD apps, catch-up-TV-services, linear channels, sport apps, cloud games and music.
"We are excited with the success we are seeing with our partnership with NetRange. This partnership, as well as the previously announced ones with Samsung and Miia, positions us strongly to begin to offer comprehensive financial services conveniently at the fingertips of millions of App users - including trading services, mobile payment solutions and other value-added financial services. This large customer base also makes us an attractive partner to financial institutions interested in reaching and offering services to the fast growing mobile-friendly generation of users. We will provide updates on our partnerships with companies such as Samsung Electronics, MiiA, etc. as the roll out continues." said Prakash Hariharan, Chairman of AnalytixInsight.
"Thanks to the partnership with NetRange, MarketWall is now available to millions of users through some of the leading global TV brands. We continue to create a vast distribution platform on smart devices to target the millennium generation. We now provide unique financial markets content through a network of premier partners and are well positioned to add complementary services like trading and payment services to our solution" said Marco Roscio Ricon, CEO of Marketwall.
In addition to financial institutions, the success of this partnership also provides AnalytixInsight with the ability to tap the growing demand for financial data and analysis content across various hardware platforms and device manufacturers. AnalytixInsight, with its unique big data analytics platform and ability to algorithmically generate content on approximately 50,000 equities and ETFs, is now in a compelling position to offer both analytical content as well as to be a distribution platform for various institutions, and be their partner of choice.
On behalf of the Board of Directors of ANALYTIXINSIGHT INC.
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 www.capitalcube.com. For more information about Marketwall visit www.marketwall.com.
For information relating to AnalytixInsight Inc,
CapitalCube.Com, and Marketwall: Paula Paez +1.416.309.2698
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 NetRange; the potential for the NetRange partnership to create an expanded user base and additional revenues for AnalytixInsight; the growth of NetRange'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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