Vancouver, BC / ACCESSWIRE / September 18, 2014 / What happens when a global electronics champion like Samsung Electronics Co. Ltd. (LSE: BC94.L) takes a young, ambitious innovator like AnalytixInsight (TSXV: ALY) under its belt as a 'content partner’? MarketWalls' parent company AnalytixInsight has seen it's stock rocket to being the 2nd highest return on TSXv so far today.
AnalytixInsight's mobile app MarketWall is rapidly becoming the financial app of choice having already pulled in partners like Yahoo! Inc. (NasdaqGS: YHOO) for Yahoo Finance and the London Stock Exchange but what might turn out to be its most profitable partnership yet is with Samsung who has agreed to make the app the sole provider of market and financial data for its Gear smartwatch range in addition to being included as the financial app in Samsung's Point of Sale (POS) promotions throughout its mobile devices range later this year.
What is this app that's making so much noise? AnalytixInsight uses its own big-data processing tools to analyse company data on a global scale, allowing the user to compare one company with a peer from anywhere. That data is made available via the MarketWall app and enables performance comparison in real-time like never before.
The MarketWall app should rake in the profits for its parent AnalytixInsight, who has a revenue share arrangement with Samsung for paid downloads via Samsung's selection of mobile devices and smart TVs. Samsung launches as much as 250m devices annually, and bringing the app into that fast stream will allow it to gain serious market presence. The news today that Samsung will feature the app in its Gear smartwatch range brings the app front and center in the incoming wave of 'smart' tech that changes the way we live.
Besides the MarketWall app, AnalytixInsight produces CapitalCube.com which has signed the Borsa Italiana stock exchange and rumours indicate that the Financial Times is interested too. Its reach stretches beyond the financial circles though as even universities across America will come to know CapitalCube.com thanks to several Ivy League institutions who have signed up to use the portal to provide company and financial analysis to thousands of their business students.
CEO of StockWall Marco Roscio Ricon commented on the Samsung Gear partnership:
"The Company is excited about this additional development in its partnership with Samsung and with this recognition expects a further acceleration in the global adoption of its MarketWall App. The rapid adoption of the MarketWall App thus far is also providing the Company the opportunities to strike B2B commercial arrangements with other premium financial and media institutions,"