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AnalytixInsight Announces InvestoPro Enters Definitive Agreement with Samsung Electronics Italia and Launches InvestoPro Go
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
AnalytixInsight Inc. (TSX-V:ALY; OTC:ATIXF) announced a definitive agreement with Samsung Electronics Italia to promote the InvestoPro digital trading platform to Samsung users in Italy. This agreement, effective November 1, 2022, allows the InvestoPro app to be featured on Samsung’s Quick Access browser page for a nominal fee. The company also launched InvestoPro Go, a trading app tailored for Samsung devices, offering competitive fees and news reports. The partnership aims to strengthen InvestoPro's position in the European digital trading market.
Positive
Partnership with Samsung Electronics to promote InvestoPro platform.
Launch of InvestoPro Go, a new trading app version for Samsung devices.
Potential access to millions of Samsung Internet users in Italy.
Negative
None.
TORONTO--(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.
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
