- The Company's Mobile App, Marketwall, available to approximately 10 million users across device partners including Samsung, NetRange and MiiA. - On-going Implementation of licensing and integration of Marketwall with Intesa Sanpaolo, with an additional 20 million user base exclusive to the countries of Italy, Slovakia, Slovenia, Croatia, Hungary and Serbia.
TORONTO, ONTARIO--(Marketwired - Nov. 10, 2015) - Big data analytics company AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) is pleased to provide an update on the previously announced partnerships between its mobile subsidiary, Marketwall S.r.L ("Marketwall"), and each of Samsung Electronics ("Samsung") and NetRange MMH GmbH ("NetRange") as well as an update on the ongoing multi-year initiative with Intesa Sanpaolo S.p.A ("Intesa Sanpaolo").
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 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.
Building on the previously announced 4 million installs, Marketwall is now installed on an additional 2 million devices across NetRange's Smart TV app market bringing the total to approximately 6 million devices. This is across all the major western European countries, with an additional rollout in Asia and Australia scheduled in the coming months.
Marketwall is also a Samsung global partner - one of the only approximately 25 global brands including Facebook, Spotify, etc. with this designation - and the only financial app in this category. It is also part of Samsung gift program as well as featured on MySamsung Apps in Italy since October 2014. In addition, Marketwall is also now preloaded on the Samsung Note 4 Edge in Spain as a part of a new initiative.
Marketwall is now available on more than 4 million devices across Samsung's Smart devices, including TVS, Wearables, Smartphones and Tablets.
The Company is also pleased to announce significant progress in its previously announced multi-year licensing relationship with Intesa Sanpaolo, wherein Marketwall is being integrated with Intesa Sanpaolo's mobile portals. Intesa Sanpaolo is among the top banking groups in Europe, with a market capitalization of EUR54.2 billion (approximately CAD $78 billion). Intesa Sanpaolo is the banking leader in Italy in all business areas (retail, corporate, and wealth management). The Intesa Sanpaolo banking group offers its services to approximately 11.1 million customers in Italy through a network of approximately 4,400 branches and an additional 8.2 million customers for its operations in other countries.
The licensing partnership is expected to provide MarketWall with a minimum revenue stream of CAD $10 million over a five year period.
As part of this initiative, MarketWall will provide a custom version of the Marketwall App to Intesa Sanpaolo's approximately 20 million retail customers and will also work with Intesa Sanpaolo to closely integrate the Marketwall App with Intesa Sanpaolo's retail banking portals as well as develop seamless trading services in six countries where the the partnership is exclusive - Italy, Slovakia, Slovenia, Croatia, Hungary and Serbia.
"We are excited with the success we are seeing within each of these partnerships. These type of partnerships, comprising of B2C distribution opportunities and B2B enterprise licenses, position 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. We will provide updates on these partnerships as the roll out continues." said Prakash Hariharan, Chairman of AnalytixInsight.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.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding ongoing and future partnership; the potential for partnerships to create an expanded user base and additional revenues for AnalytixInsight; 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.