(Yappy's lawyer's FB)
Yippy To Acquire MC+A
May 26, 2016
John H. Snyder and Thomas C. Sima advised Yippy, Inc. in its acquisition of MC+A, a Chicago-based enterprise search consulting firm.
Yippy, a technology company based in Fort Myers, Florida, sells the Blue Flame search appliance, which is powered by the same technology used by IBM Watson Explorer. By joining forces with MC+A, Yippy has dramatically expanded its ability to compete for a significant share of the enterprise search market.
The Firm congratulates Michael Cizmar, Richard Granville, and everyone at Yippy and MC+A.
Just another reason to keep buying, which I am. May more reasons keep coming...
Yippy alone can make big money even without the GSAT deal. Great move CEO Rich.
FORT MYERS, Fla., May 26, 2016
FORT MYERS, Fla., May 26, 2016 /PRNewswire/ -- Yippy, Inc. (OTCMKTS: YIPI) ("Yippy" or the "Company") has agreed in principle to acquire Michael Cizmar & Associates Ltd. ("MC+A"), a charter Google for Work Partner and winner of Google's 2014 Innovation Partner of the Year Award. Upon completion of the acquisition, MC+A founder Michael Cizmar will join Yippy as a member of its senior management team. Yippy anticipates that the acquisition will be closed by mid-July 2016.
In February 2016, Google announced that it was sunsetting the Google Search Appliance (GSA), the leading product in the search appliance market. The potential result is a significant market dislocation, as thousands of organizations are facing a time-sensitive need to replace the Google Search Appliance. Yippy's planned acquisition of MC+A will place the Company in an excellent position to capture a significant share of the search appliance market, which we estimate to be a $500 million market as of 2016. It is intended that Yippy will sell its EASE 360 Platform and Blue Flame appliance through MC+A, which will operate as a wholly-owned subsidiary of Yippy. In his new role Mr. Cizmar will have primary responsibility for expanding Yippy's relationships with other GSA resellers.
"Yippy's EASE 360 software stack offers a compelling solution for customers seeking a replacement for the Google Search Appliance," said Mr. Cizmar. "Yippy's Blue Flame appliance is not simply 'on par' with the Google Search Appliance, it is a dynamic reinvention of how enterprise search can be delivered with intelligence and analytics at a fraction of the cost."
Richard Granville, Chief Executive Officer of Yippy, stated, "Google's decision to focus its attention on cloud-based solutions has created an opportunity for Yippy to bridge the gap between appliance and cloud. The market for cloud-based plat
I am still buying and plan to continue. As I have posted before, it would not take much at all for someone to buy the whole (very small) float. Pocket change for the large investors.
Near $0.6 again. My guess is James Monroe, CEO of GSAT, is buying more, as we were told. Others also mentioned, at IHUB, that they were buying continuing toward $2.00. Lots of news are expecting in this summer. Let's watch the action with a cup of coffee.
Don't forget fall and winter also. LOL
Shares of Globalstar, a Louisiana-based satellite company, spiked 35.6 percent on Friday after it said federal regulators approved its spectrum for Wi-Fi use.
The stock gained another 20 percent in after-hours trading.
The company is one of the most shorted on the New York Stock Exchange as hedge funds had made bets that the spectrum was far from valuable.
One of the hedge fund investors, Sahm Adrangi, of Kerrisdale Capital, who owns shorted shares, said he wasn’t concerned with Friday’s price jump, to $2.45, at the end of regular trading.
“We don’t think Globalstar’s spectrum is commercially viable,” Adrangi told The Post. “We don’t think anything will come of this.”
The head of the $500 million fund said a company like Verizon would have to team with a second company to offer the spectrum or that a tech company would need to buy it.
“Approval doesn’t mean cash flow,” he said.
Globalstar’s billionaire owner, Jay Monroe, who touted the approval by the Federal Communications Commission, has put hundreds of millions of his own money into the business, which plans to roll out a private Wi-Fi channel that will charge consumers for access.
Most Wi-Fi spectrum, which he says is too congested, is free except when accessed through hotels and airports.
In 2013, the company had filed for FCC approval and had long been awaiting an agency decision.
Google told the FCC it should not approve use of the spectrum since Globalstar plans to charge customers.
There is a belief Google is concerned Apple will buy the spectrum and create a private network that does not highlight Google products, a source said.
“This spectrum will increase Wi-Fi capacity worldwide by 30 percent,” Maglan Capital President David Tawil, who is long the stock, told The Post, adding that he believes there is tremendous upside.