- Company Forms Partnership To Distribute Marketwall App On NetRange's Smart TV Platforms
- NetRange Smart TV Platforms Currently Available On More Than 40 Million Devices Globally
- 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 NetRange MMH GmbH ("NetRange"), the leading white-labeled Smart TV and Over the Top TV ecosystem provider behind more than 60 global brands including Sharp, TCL, Skyworth, Hisense, Changhong, JVC, Pioneer and Loewe.
Under the terms of this agreement, the Marketwall App will be made 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. Marketwall is the first financial app to be featured on NetRange's platform and subscription revenues will be shared between Stockwall and NetRange.
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.
"With this partnership, as well as the previously announced ones with Samsung and Miia, we are strongly positioned 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 is also attractive to financial institutions interested in reaching and offering services to the fast growing mobile-friendly generation of users," said Prakash Hariharan, Chairman of AnalytixInsight.
"Thanks to this agreement with NetRange, MarketWall App will be available to users through some of the leading global TV brands. Over the past few months we have created 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 to millions of potential users and are well positioned to add complementary services like trading and payment services to our unique solution," said Marco Roscio Ricon, CEO of Stockwall.
"We are proud to be MarketWall's partner. Quality financial markets information, provided on-demand is exactly what we and our users are looking for," said Jan Wendt, CEO of Netrange.
This is one more partnership 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. 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
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.
ABOUT NETRANGE MMH GmbH
NetRange is the leading global provider of white label, turnkey Smart TV and OTT ecosystems. The company operates an integrated, full-service solution which includes content aggregation marketing, service and portal operations for more than 60 global TV and devices brands, such as Sharp, Loewe, Vestel, Changhong, TCL, Skyworth, Hisense and HD+. Its fully featured content portfolio includes local and global VoD apps, catch-up-TV-service, linear channels, sport apps, cloud games and music. NetRange also processes on its white label store media transactions for millions of smart TV users around the world. For more information, please visit www.netrange.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 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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For further information relating to AnalytixInsight Inc, CapitalCube.Com, and Stockwall, please contact Freddie Leigh Kin Communications 604.684.6730