AnalytixInsight Announces InvestoPro Enters Definitive Agreement with Samsung Electronics Italia and Launches InvestoPro Go
21 November 2022 - 11:30PM
Business Wire
AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”)
(TSX-V:ALY; OTC:ATIXF), a financial content and enterprise
software solutions provider, announces that InvestoPro SIM, the
subsidiary of its affiliate MarketWall, has entered a definitive
agreement (the “Definitive Agreement”) with Samsung Electronics
Italia S.p.A. to profile the InvestoPro digital trading platform to
Samsung users in Italy and today has launched InvestoPro Go.
The Definitive Agreement follows the Memorandum of Understanding
(the “MOU”) announced by the Company on September 14, 2022. Under
the Definitive Agreement Samsung will profile the InvestoPro
financial app on Samsung’s Quick Access, the start page of the
Samsung Internet Browser, in exchange for InvestoPro paying a
nominal per-click fee. Samsung has millions of monthly active
Samsung Internet users who utilize Quick Access, which profiles
clickable icons for leading brands to users each time they use
their browser and allows users to easily reach partner websites.
The Definitive Agreement became effective November 1, 2022, and
automatically renews semiannually until terminated.
Today, InvestoPro SIM launched “InvestoPro Go”, a new trading
app version of the InvestoPro platform specifically designed for
Samsung devices that features no fixed costs, competitive trading
fees, and news reports tailored for Samsung users.
Prakash Hariharan, Chairman and CEO of AnalytixInsight and board
member of InvestoPro SIM, commented: “We’ve been working diligently
to complete the Definitive Agreement with Samsung and prepare
InvestoPro Go for Samsung users. These are significant achievements
for our company, and we are working to position InvestoPro as a
leading digital trading platform in Europe. Samsung has a
substantial market share of mobile users in Europe, and we are
proud to partner with them to promote InvestoPro Go to their
sizable customer base.”
The MOU also contemplates Samsung recommending InvestoPro to
users as an exclusive digital trading app as part of its App
Installer. The parties to the MOU continue to work toward a
definitive agreement relating to the App Installer. The App
Installer guides users during their first device power on procedure
and presents recommended apps in popular, useful, and fun
categories. App recommendations can be targeted based on age and
gender and can easily be downloaded by tapping the download
button.
Learn more about InvestoPro Go at: go.investopro.com
ABOUT ANALYTIXINSIGHT
AnalytixInsight is a data analytics and enterprise software
solutions provider to world-leading institutions across various
industries. AnalytixInsight develops and markets cloud-based
platforms providing financial content, stock trading, and research
solutions for banks, brokers and investors in the financial
services industry. AnalytixInsight holds a 49% interest in
MarketWall, a developer of FinTech solutions for financial
institutions. Visit AnalytixInsight.com.
Regulatory Statements
This press release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, without limitation,
statements regarding the Company’s business operations and
objectives, particularly respecting its expectations of InvestoPro
Go and the Definitive Agreement, the impact of the Definitive
Agreement on the Company, and the Company’s future performance.
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 statements
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,
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; the Company’s ability to successfully integrate new
technologies 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 THE 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
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version on businesswire.com: https://www.businesswire.com/news/home/20221121005943/en/
Prakash Hariharan Chairman and CEO AnalytixInsight Inc. (416)
561-9461 Prakash.Hariharan@AnalytixInsight.com
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