- Company Forms Revenue-sharing Partnership To Distribute Morningstar Real-time Global Markets Data
- Company Forms Revenue-sharing Partnership with Leading European News agencies ANSA and dpa-AFX To Distribute Value-added Content
- Marketwall Retains Majority of Revenues in the Revenue Sharing Arrangements
- Subsidiary Stockwall S.r.L is now Marketwall S.r.L to reflect expanded range of content being made available including videos and additional analytics on global equities
TORONTO, ONTARIO--(Marketwired - Feb. 10, 2015) - Big data analytics company AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) entered into a series of partnerships and revenue sharing arrangements between its mobile subsidiary Stockwall S.r.L ("Stockwall") and several leading content and financial information providers. With these agreements, the Company is strongly placed to offer high-value business content, financial markets content, videos and news to subscribers of its Marketwall app. These agreements add to the existing partnerships with Samsung Electronics, Miia and NetRange to disseminate content generated by the Company's platform for Marketwall. The Company recently changed the name of its mobile subsidiary to Marketwall S.r.L ("Marketwall") to represent the comprehensive products it now offers.
Under the terms of these agreements, the Marketwall App will incorporate the following additional content:
- Real-time trading data from Morningstar on several global exchanges that previously were not available on Marketwall. This agreement substantially expands the markets and information covered by Marketwall and includes large markets like the USA and Canada. With this partnership, Marketwall expects to launch its operations in North American markets in April 2015.
- Value-added and highly relevant news from leading European news agencies ANSA.it ("ANSA") and dpa-AFX Wirtschaftsnachrichten GmbH ("dpa-AFX"). ANSA is Italy's leading news agency and provides news, audio and video content to leading companies and media organizations worldwide. dpa-AFX is one of the leading news agencies for German and English language real-time financial and economic news and provides independent, reliable and fast news on international financial and economic developments - as articles, radio and video reports. With these agreements, Marketwall will offer unique news in English and other European languages customized to user preferences.
In all of these revenue sharing agreements, Marketwall retains the majority of revenues from subscribers.
"With these partnerships, as well as the previously announced partnerships with Samsung, Miia and NetRange we are strongly positioned to begin to offer comprehensive financial content to App users as well as to financial services providers. We continue to strengthen both our distribution networks as well the content we deliver through these distribution networks to the fast growing mobile-friendly generation of users. Our products will continue to evolve with additional innovative features and enhanced user experience as well as with our unique content and predictive analytics." said Prakash Hariharan, Chairman of AnalytixInsight.
"This is a great opportunity to complement our unique content on global equities and ETFs with additional value added content. We look to offer an innovative user experience through our Marketwall App - our partnerships will continue to evolve into various product offerings on smartphones, tablets and Smart TVs." said Marco Roscio Ricon, CEO of Marketwall.
These partnerships add to the previously announced partnerships between AnalytixInsight and device makers to tap the growing demand for financial data and analysis content across various hardware platforms. 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. In addition, the Company had also recently announced a partnership with Miia - one of Europe's fastest growing consumer electronics brands along similar lines with Samsung and with NetRange, the leading provider of Smart TV app ecosystems. The Company will continue to add distribution partners to carry the unique content generated by its Big Data analytics platform through various channels in the mobile and Smart TV space.
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.
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 Morningstar, dpa-AFX and ANSA; the potential for the partnerships to create an expanded user base and additional revenues for AnalytixInsight; the growth of business of Morningstar, dpa-AFX and ANSA; 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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