Click here to close now.




















Welcome!

News Feed Item

AnalytixInsight Provides Corporate Update and Details of Samsung Launch

Highlights

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/12/14 -- Big Data and analytics company AnalytixInsight, Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE: ALY) will formally launch the Stockwall mobile App in partnership with Samsung Electronics ("Samsung") on May 28, 2014.

The Stockwall App will debut on the Samsung mobile and smart TV platform and offer real time stock quotes and analytics for EUR5 (approx US$7.50) per month.

In addition, Mr. Marco Roscio Ricon has been appointed as CEO of Stockwall to lead the team to execute on integrating AnalytxInsight content onto Samsung's mobile platform.

Mr. Ricon was most recently head of Desktop and Internet Applications at the London Stock Exchange Group ("LSEG"), where he was responsible for managing web services and internet strategy of the LSEG. At LSEG, Mr. Ricon also created and grew a new business line - Market Connect - into a significant part of the group's operations and was Head of Proquote Italy and UK, the LSEG's information service provider.

Stockwall is the mobile platform that will roll out AnalytixInsight's previously announced partnership with Samsung and offers a unique global solution that combines real-time stock quotes from LSEG with AnalytixInsight's algorithmically generated analysis on stocks. The auto generated content presents a completely different approach to investment ideas across 45,000 plus stocks globally - all at subscription price points around EUR5 (approx US$7.50) per month with real time stock quotes and content powered by Analytixinsight. In addition, the Stockwall platform also provides B2B (business-to business) opportunities to license content to third-party mobile applications.

"I am excited to join AnalytixInsight and lead Stockwall - the next generation market data platform built around tablet and smartphones" said Marco Rosco Ricon. "Our agreement with Samsung provides a unique global solution by combining real-time stock quotes with AnalytixInsight's algorithmically generated content. Samsung is a global leader in mobile devices and this is an excellent partnership for AnalytixInsight to license our content. In addition, we already see many exciting opportunities with institutional customers in Europe to license our mobile solutions."

"We are excited to have Marco join us. Marco's deep knowledge of market data products and experience in growing financial information business in Europe from inception into major operations will help grow Stockwall significantly", said Chaith Kondragunta, CEO of AnalytixInsight.

The Company has also closed the second and final tranche (the "Second Tranche") of its private placement financing (the "Private Placement") announced on March 27, 2014. The Second Tranche was comprised of 80,000 units at a price of $0.45 per unit for gross proceeds of $36,000 with each unit consisting of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to acquire one additional common share of the Company at a price of $0.70 per share for a period of 12 months. The Private Placement has now closed and total gross proceeds raised from both tranches was an aggregate of $1,198,599.55. The proceeds from the financing will be used for general working capital purposes.

All securities issued pursuant to the Second Tranche are subject to a four month hold period following the closing date. Closing of the financing is subject to receipt of regulatory approval, including final TSX Venture Exchange approval.

This press release is not an offering of securities for sale in the United States. The common shares and warrants have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of that Act.

The Company, with the close of the Private Placement financing, is fully funded to execute the delivery of all announced licensing deals.

For further information relating to AnalytixInsight please contact Abha Dawesar at (646) 435-1561.

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 provides 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 45,000 global companies - 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 currently has existing business relationships with leading global financial and media institutions. To find out more about CapitalCube's offerings, visit http://www.capitalcube.com.

CAUTIONARY NOTES

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.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...