VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2014) - AnalytixInsight Inc. (the "Company") (TSX VENTURE:ALY). Big Data and analytics company AnalytixInsight, Inc. ("AnalytixInsight"), Proquote - the information services unit of London Stock Exchange Group ("LSEG"), and Samsung Electronics Italia S.p.A. ("Samsung") of Samsung Electronics Co. Ltd, have signed a multi-year agreement to offer company financial analysis and real-time stock prices on Samsung's Smart TV and mobile phones and tablets platforms.
The initial development is focused on integrating real-time stock quotes and trading data supplied by LSEG, and unique company research and analysis on approximately 45,000 stocks globally supplied by AnalytixInsight's financial analysis portal CapitalCube - all delivered to millions of consumers through Samsung's Smart TVs and mobile devices without the need for additional hardware. Samsung will also provide marketing and technology support to this partnership.
"This initiative with Samsung, one of the world's leading mobile brands, coming rapidly on the heels of the recent launch of our mobile enabled platform, is a testament to our technology capabilities. And the fact that we are teaming with a leading institution like the LSEG - who have previously integrated our content for their other offerings - speaks to the unique analysis we provide," said Chaith Kondragunta, CEO of AnalytixInsight, Inc.
The ultimate goal of this initiative is to provide investors and stock market participants with comprehensive stock price trading data, associated company analysis and trading execution capability - on stocks listed on various exchanges globally - all through intuitive and secure mobile applications.
"AnalytixInsight's unique platform allows us to process structured data to rapidly create narratives with analysis and insights," said Prakash Hariharan, Chairman. "Samsung's innovative products are an engaging part of the lives of people in nearly 80 countries. By teaming up with the global leader in consumer electronics, we are putting the power of Big Data and Analytics into the hands of millions of people around the world."
The initial launch is scheduled for end of Q1 2014 with a roll-out strategy that is expected to cover major markets in Europe, North America and Asia over the next few months.
On behalf of the Board of Directors of ANALYTIXINSIGHT INC.
Prakash Hariharan, Chairman
ABOUT ANALYTIXINSIGHT, INC.
AnalytixInsight, Inc., currently through its online portal CapitalCube (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 has existing business relationships with leading global financial and media institutions. To find out more about CapitalCube's offerings, visit http://www.capitalcube.com.
ABOUT SAMSUNG ELECTRONICS CO., LTD.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 270,000 people across 79 countries with annual sales exceeding US$187.8 billion. To discover more, please visit www.samsung.com.
ABOUT LONDON STOCK EXCHANGE GROUP PLC:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 2,800 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.
AnalytixInsight has engaged Proactive Investors North America to provide various editorial content for a period of 12 months commencing in January 2014. The total fee paid to Proactive will be $15,000CDN. Proactive Investors is a multi-media news organization, investor portal and events management business which operates financial websites with news, comment and analysis on listed companies as well as running regular investor forums across the globe.
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.