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AnalytixInsight Expands Value-Add Content For Mobile App With Three Revenue Sharing Deals

|Includes: Analytixinsight Inc (ATIXF)

Big data analytics company AnalytixInsight (CVE:ALY) says it has signed a series of partnerships and revenue sharing agreements between its mobile app subsidiary and several content and financial information providers, expanding the range of content for its analysis tool.

The company's platform currently provides financial research and analysis of over 50,000 global stocks and ETFs through algorithmically generated content, and is the only platform that provides bottom-up analysis of over 1,500 ETFs. It serves investors through both web and mobile routes and the analytical engine can be customized for other data-driven applications such as bonds and options.

Its mobile platform, called MarketWall, is distributed by high profile names including Samsung Electronics, European consumer electronics brand Miia and NetRange, which operates in the Smart TV app market.

Under the new agreements, the MarketWall subsidiary has signed a deal to include real-time trading data from Morningstar on several global exchanges that were previously not available on the app, substantially extending its market reach into the US and Canada. The company said it expects to launch its operations in North American markets in April.

It has also inked a revenue-sharing deal with European news agencies ANSA.it, Italy's leading news agency, and dpa-AFX Wirtschaftsnachrichten, which provides financial and economic news in both German and English. AnalytixInsight said Marketwall will now be able to customize its analysis to user preferences, in several European languages.

In all of these agreements, MarketWall will retain the majority of revenues from subscribers, the company said.

"With these partnerships, as well as the previously announced partnerships with Samsung, Miia and NetRange we are strongly positioned to begin to offer comprehensive financial content to App users as well as to financial services providers," said chairman Prakash Hariharan.

"We continue to strengthen both our distribution networks as well the content we deliver through these distribution networks to the fast growing mobile-friendly generation of users."

He said the company's products will continue to evolve with additional features as well as unique content and predictive analytics, while it continues to seek distribution partners.