Thursday, May 26, 2016 11:43:16 AM
PR Newswire
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 platforms is still in its infancy and we believe the search appliance will remain a viable solution for the next decade. Our strategy is simple. We can offer existing Google Search Appliance customers and resellers a faster and cheaper search appliance, providing customers with the option 'to cloud' or 'not to cloud', or anything in the middle."
About MC+A
MC+A is an award-winning enterprise search consulting firm with over a decade of experience deploying enterprise search solutions for organizations around the world. With offices in North and South America supporting hundreds of clients, MC+A's technical innovation and industry knowledge provide organizations with real business process improvements and significant ROI. To learn more, visit www.mcplusa.com
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM