VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2014) - AnalytixInsight Inc. (the "Company") (TSX VENTURE:ALY). Big Data and analytics company AnalytixInsight, Inc. ("AnalytixInsight") is pleased to announce the appointment of Richard Greco, Jr., and Gregg Schoenberg to its Board of Directors. These appointments follow the Company's recent announcement of a global, multi-year agreement with the LSE (London Stock Exchange) to offer financial research and real-time stock prices on Samsung Electronics' Smart TV, mobile phones and tablets platforms worldwide.
Chaith Kondragunta, CEO of AnalytixInsight, commented, "Richard and Gregg are great additions to our Board as the Company begins the global rollout with Samsung, and pursues additional growth opportunities by expanding its enterprise software suite and its relationships with institutional customers. Richard's deep relationships with institutions worldwide and extensive experience with corporate finance and governance, and Gregg's expertise in using innovation and technology to improve Financial Services products for individuals, businesses and institutions will be invaluable as we expand our services on a global basis."
Since 2007, Mr. Greco has been the Managing Partner of Filangieri Capital Partners, a private venture capital and M&A advisory firm with diversified investment holdings in various sectors, including financial technologies. Mr. Greco is also a Senior Advisor to The Scowcroft Group, an international business advisory firm. From 2004 to 2006, Mr. Greco served as the Assistant Secretary of the Navy (Financial Management & Comptroller) managing an annual budget of $130 billion. Prior to that, Mr. Greco served as a White House Fellow at the Department of Defense. Mr. Greco has also been managing director at the corporate finance advisory firm of Stern Stewart & Co. where he expanded their Economic Value Added (EVA™) solutions in Europe, and has served as a board director of publicly traded and privately held companies in Europe and the United States. Mr. Greco has an MBA in finance from The University of Chicago, an MA in American foreign policy from The Johns Hopkins University School of Advanced International Studies, and a BS in chemistry (summa cum laude) from Fordham University.
Mr. Schoenberg is the Founder of Wescott Capital, an investment and advisory firm based in New York, and a co-founder of the Shellstone Group. Mr. Schoenberg also currently serves as a director of Peerform, a peer lending platform based in New York. He was previously head of equities and a member of the executive committee for Natixis North America. Prior to that, he worked in the capital markets department of SG Cowen in New York and served in the Washington DC offices of Senator Bill Bradley and the Atlantic Richfield Corporation. Mr. Schoenberg holds an MBA from Cornell University and a BA from Washington University in St. Louis.
The Company also announces that Scott Ackerman has stepped down as a director of the Company. Mr. Ackerman was originally appointed as a director of the Company in July, 2011 and he was a valuable member of the board of directors. The Company thanks Mr. Ackerman for his contributions to the Company and wishes him well in his future endeavours.
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.
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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.
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