NEW YORK, NY / ACCESSWIRE / July 11, 2018 / Bridgeline Digital and MER Telemanagement Solution were two of the biggest gainers on NASDAQ. While MER went higher on no news, Bridgeline announced that it is entering a partnership with a full-service bank.
RDI Initiates Coverage on:
Bridgeline Digital, Inc.
MER Telemanagement Solutions Ltd.
Bridgeline Digital, Inc. shares closed up almost 76% yesterday on nearly 39 million shares traded. The big jump came after the company announced it will be partnering with a full-service bank to power their digital presence. According to a press release, a "three-year SaaS subscription to Bridgeline Unbound Digital Experience Platform - which encompasses the Marketing and Content modules for marketing automation and web content management - as well as associated professional services." CEO of the company, Ari Kahn, commented, "Bridgeline's Unbound platform empowers many regional banks and financial institutions to take their online presence to the next level with engaging customer experiences. Our secure environment and experience with SOC2, PCI and ADA compliance helps the organization stay compliant while effectively managing their targeted online marketing initiatives. As a result of this engagement, we expect our customer to see an immediate digital ROI." He also said, "Bridgeline Unbound powers the complete customer journey – with the ability to attract, engage, nurture and convert prospects into customers. We're looking forward to seeing how our newest customer will grow using Bridgeline Unbound."
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MER Telemanagement Solutions Ltd. shares closed up a little over 145% on Tuesday with nearly 13.5 million shares traded. The stock skyrocketed despite any catalyst to explain the move. The global provider of telecommunications expense management (TEM) and enterprise mobility management (EMM) solutions, announced last month that it has submitted a plan to NASDAQ to regain compliance with NASDAQ Listing Rule 5550 (b)(1) requiring minimum stockholders' equity of $2,500,000. The company plans to reduce personnel, along with an institutional investor putting in $1.5M in return for issuance of a new class of convertible preferred stock. The Israeli nano-cap firm was one of the biggest gainers on the NASDAQ yesterday with trading volume on NASDAQ increasing 40 times normal after just a few hours of trading.
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