After tying up with Samsung Electronics last year, big data analytics firm AnalytixInsight (CVE:ALY) has inked an agreement with yet another distribution partner for its mobile platform MarketWall, this time with NetRange, which operates in the Smart TV app market.
Under the arrangement, the MarketWall app will be pre-installed on NetRange operated Smart TVs aorund the world, and featured on its portal user interface.
The NetRange Smart TV portal is currently available on more than 40 million devices worldwide, AnalytixInsight said in a statement today. The integrated solution, which includes billing, content aggregation, marketing and portal operations, is used by more than 60 global TV and devices brands, including Sharp, JVC, Pioneer and Loewe.
MarketWall --- a cloud-based platform that converts the results of 100 billion daily computations into fundamental research on equities and ETFs --- is the first financial app to be featured on NetRange's platform.
Subscription revenues will be shared between AnalytixInsight's mobile subsidiary and NetRange, the parties said.
This latest deal follows similar partnerships with Italian consumer electronics brand Miia in December, and Samsung early last year.
"With this partnership, as well as the previously announced ones with Samsung and Miia, we are strongly positioned to begin to offer comprehensive financial services conveniently at the fingertips of millions of App users - including trading services, mobile payment solutions and other value-added financial services," said chairman Prakash Hariharan.
"This large customer base is also attractive to financial institutions interested in reaching and offering services to the fast growing mobile-friendly generation of users," he added.
The company said the deal with NetRange represents its latest efforts to tap the growing demand from the millennium generation for financial data and analysis across various hardware platforms. More distribution partnerships are expected to be announced in the near future.
AnalytixInsight's platform serves investors through both web and mobile routes (via Marketwall), and the analytical engine can be customized for other data-driven applications such as bonds and options, opening up numerous revenue opportunities.
It says it also well positioned to add complementary services to its platform like trading and payment solutions.
Currently, the big data analytics platform 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.