This is huge! Yippy, Inc. (YIPI) and MuseGlobal to Merge, Offering Unified Access to a Data Cloud of Curated Content
Jun 11, 2012
Fort Myers, FL - San Francisco, CA -
Yippy, Inc. (YIPI) and MuseGlobal to Merge, Offering Unified Access to a Data Cloud of Curated Content
SAN FRANCISCO, CA, June 11, 2012 --Yippy, Inc.(OTCQX: YIPI) (www.yippy.com)("Yippy" or the "Company"), a unified search company known for its clustering technology, reported that the Company entered into an agreement to merge with MuseGlobal, a leading provider of content integration and data virtualization services.
The merger of Yippy and MuseGlobal combines two wholly synergistic companies that bring together an exclusive and vast range of resources and abilities that no other search or information-based company in the world possesses including majors such as Google, Microsoft and HP/Autonomy.The combined companies will create an information cloud that will represent a significant shift in the business of enterprise, vertical and consumer search with unlimited consumer and commercial uses. The Companies’ registered trademark “Welcome to the Cloud” embodies its combined data virtualization initiatives.
Yippy.com (formally www.clusty.com) is an award-winning deep research engine developed out of Carnegie Mellon University. The programs were acquired by Yippy in May 2010 from Vivisimo, Inc., an industry leading Enterprise Search company that was recently acquired(May 2012) by International Business Machines (IBM). In conjunction with the purchase of the search engine software, Yippy acquired from Vivisimo/IBM a transferable, unlimited lifetime perpetual license for the software known as Velocity for web-based search applications. Velocity is the most advanced enterprise software solution with patented clustering methods that are the keys to the future of enterprise and consumer search. IBM (NYSE: IBM) currently holds a 10% stake in Yippy, Inc.
“Big Data is a major problem for search engines. If you can’t cluster search results and dynamically rank and normalize unlimited information sources whether it is a consumer search engine such as Bing or Google (NASDAQ: GOOG), or an enterprise model like HP/Autonomy (NYSE: HPQ), in my opinion you’re out of the game of search in 3-5 years. The future is Data Virtualization or Data as a Service,” stated Rich Granville, CEO, Yippy, Inc.
He continues, “Google is far less effective today due to their index growing from 3 billion pages in 2003 to 50 billion in 2011. It is information overload, and clustering is the only logical answer to that problem. Since IBM just acquired the clustering patent from Vivisimo, and Yippy is only other company with rights/protections under that patent for consumer web-based search. What are these major search engines going to do?”
Through many use case tests Management looked for internal weaknesses in Velocity and none could be found. Through these tests Management noted that the only challenges with Velocity as well as all other consumer solutions are the need for connectors and authenticators to the vast amount of information sources, taxonomies and data structures throughout the digital world. Creating and maintaining these connectors and authenticators is very expensive, time consuming and done by trial and error, and are typically called “hacks”. These hacks significantly impede development time and drive up overall costs for enterprise or consumer solutions making true cloud based data virtualization unobtainable to small and medium businesses.
Instead of using expensive and time consuming engineered hacks, MuseGlobal has built a fully documented Source Factory that monitors, maintains and updates the Muse Smart Connectors on a 24/7 basis and guarantees high sustainable and scalable use for a fraction of the cost. With over 6,500 pre-built Smart Connectors, MuseGlobal deploys and maintains the largest and most versatile library of content connections in the world. Muse Smart Connectors are available out-of-the-box for content federation and harvesting to public and private,structured and unstructured data in any format and across any location,including enterprise applications, web 2.0, social media, and proprietary content sources. These Connectors are the fundamental root of Data Virtualization.
“Muse’s data virtualization platform was built to simplify the daunting task of accessing, aggregating and filtering the staggering amounts of data from an ever increasing variety of external and internal data sources. With Yippy as a partner, we can feed complete, yet targeted information into a data cloud to deliver best-of-breed content to people in their personal and professional lives,” stated Kristina Bivins, CEO, MuseGlobal, Inc.
“The Yippy – Muse combination creates a data cloud of curated content that doesn’t exist today,” continued Bivins. “With Muse’s data virtualization platform as its backbone, driving sustainable,repeatable processes for authentication and connection to multiple disparate data sources, and Yippy’s custom search wrappers serving clustered,individualized, real-time data results, the Yippy-Muse data cloud is the new paradigm for any data-driven consumer or enterprise use case.”
Granville added, “These two terrific engines running in parallel will provide the best quality and most accurate result sets. Speed to results is crucial and by spreading the load over two engines makes for a more efficient data flow. Templates will be quickly designed and produced to make potential customers excited about the program offerings allowing for individualized real time customization of user interfaces through technology designed by Macte Labs, a recently announced Yippy acquisition.Yippy, MuseGlobal and Macte Labs will be able to stay ahead of trends and adapt “on the fly” by taking a parallel approach to content and program capabilities.”
“The combination of Yippy, MuseGlobal and Macte Labs will increase the number of issued and outstanding common shares from 53 million to approximately 67 million. The combined entities have over 50 employees in 4 countries and with current combined revenues in the upper 7 figures and rising quickly,” concluded Granville.
“We are in a position to underprice and out-produce the competition by unimaginable numbers through our Data Virtualization model. We’re talking 50% savings across the board for data services provided by companies such as HP/Autonomy. We have the finest programs, services and client attention available anywhere. Welcome to the Cloud,” concluded Bivins.
About MuseGlobal, Inc.
Headquartered in San Francisco, CA, MuseGlobal sets the standard for Smart Connectors through content harvesting and federation technologies to search and access content in any format on any type system.MuseGlobal's data virtualization solutions support access to structured and unstructured data in both private and public networks, from enterprise class applications to social networks. MuseGlobal's Smart Connectors deliver a wide range of interoperability options that allow quick integration with new or existing unified information access and big data platforms in a scalable,secure and sustainable environment that ease customization, implementation,maintenance and administration. MuseGlobal partners with today's most sophisticated blue-chip technology companies to empower effective custom search solutions worldwide.
More information can be found at: www.MuseGlobal.com.
About Yippy, Inc.
Based in Fort Myers, Florida, Yippy, Inc. is a technology company that specializes in the development of search, data normalization,and curated content through application service environments for consumer and enterprise markets. Yippy’s proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and monitored data as a service. The Company also operates several online web properties and educational reference portals. Yippy (OTCQX: YIPI) has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
More information can be found at: www.Yippy.com
Forward-Looking Statements:
Statements in this press release thatrelate to the Company's expectations with regard to the future impact on theCompany's results from new products in development are forward-lookingstatements within the meaning of the Private Securities Litigation Reform Actof 1995. These statements are subject to risks and uncertainties. Words such as"expects," "intends," "plans," "may,""could," "should," "anticipates,""likely," "believes" and words of similar import alsoidentify forward-looking statements. Forward-looking statements are based oncurrent facts and analyses and other information that are based on forecasts offuture results, estimates of amounts not yet determined and assumptions ofmanagement. Readers are urged not to place undue reliance on theforward-looking statements, which speak only as of the date of this releasesince they involve known and unknown risks, uncertainties and other factorswhich are, in some cases, beyond our control and which could, and likely will,materially affect actual results, levels of activity, performance orachievements. We assume no obligation to publicly update or revise anyforward-looking statements in order to reflect any event or circumstance thatmay arise after the date of this release, even if new information becomesavailable in the future. Additional information on risks and other factors thatmay affect the business and financial results of Yippy, Inc. can be found inthe filings of Yippy, Inc. on OTC Markets (www.otcmarkets.com).
Contact:
Rich Granville
Investor Relations
Yippy, Inc.
1-877-YIPPY01 Ext. 3
Contact:
Kristina Bivins
Investor Relations
MuseGlobal, Inc.
1 (415) 896-MUSE (6873)
This is huge! Yippy, Inc. (YIPI) and MuseGlobal to Merge,
Top 10 Most Recent News Articles
Varda Space's Dual Launch Signals Orbital Ambitions
It's not every day you see two commercial rockets heading to orbit on the same ride, but that's precisely what Varda Space Industries just pulled off. With the W-8 and W-9 vehicles blasting off together, Varda is positioning itself for a leap in orbital operations. They've hitched a ride aboard SpaceX's Transporter-18 mission, and this is more than just a double...
Continue Reading
Fiber Giants Unite to Boost Connectivity in Montana
Montana's Broadband Transformation Takes a Leap Folks in Northwest Montana, take note. Vero Fiber and MontanaSky have tied the knot, officially sealing a merger that doesn't just unite two reputable broadband providers but promises to shake up the internet game across the region. Just ask anyone who's tried to stream a movie during peak hours in Flathead Valley. A...
Continue Reading
New Tools Arm Manufacturers in Additive Arena
Diving Headfirst into Additive Manufacturing Standards Additive manufacturing (AM)—it's not just another tech buzzword. It's revolutionizing everything from life-saving medical devices to cutting-edge aerospace components. But as with any game-changing innovation, there's a wild west era before standards reign in the chaos. Enter ANSI and America Makes, offering new...
Continue Reading
Sports Research Joins Costco: Creatine Mix Available
Breaking Into the Big League: Sports Research Hits Costco When a company's product finds its way onto Costco's shelves, you know they're not just playing in the minor leagues anymore. This October, Sports Research® made a bold move into the retail giant's sports nutrition section with their new Creatine + Electrolytes powder. It's not their first rodeo when it comes to...
Continue Reading
Ace Hardware Ups the Stakes with Rewards Days Event
Ace Hardware: Doubling Down with Rewards Ace Hardware's rolling out the red carpet for its loyal customers. Imagine this: exclusive deals on trusted brands and double points on purchases—an incentive any savvy shopper would jump at. From October 6 to 7, those in the Ace Rewards circle have the chance to nab some hefty savings and perks, a move that's more than just a...
Continue ReadingOctober Becomes a Beacon for Grieving Families
October: A Month for Heartfelt Observance There's a profound resonance when October rolls around, especially for families who've faced the heartbreak of pregnancy or infant loss. Thanks to Postpartum Support International (PSI), the month serves as more than just a page in a calendar—it's a solidarity rallying cry for awareness and remembrance. The group's commitment to...
Continue Reading
Mitsubishi's Q3 Sales: SUVs Up, Mirage Out
You ever notice how the market treats innovation and tradition like they’re these ever-spinning plates in a circus act? Take Mitsubishi Motors North America (MMNA). Their third-quarter report's got me both nodding in approval and scratching my head. Sure, they sold 18,543 vehicles—down 5.6% from the previous year. But don’t write 'em off just yet. The slumping...
Continue Reading
Karen Love's Retirement Marks End of an Era for TACHP
A Legacy Not Just Built, But Carved in Stone In the world of healthcare, folks like Karen Love don’t come around too often. She's stepping down from her post as President and CEO of Cook Children's Health Plan this month, and it feels like the end of a chapter for the Texas Association of Community Health Plans (TACHP). Love wasn't just an executive; she was a mover and...
Continue Reading
Fresh Leadership at Master Group: Langelier Steps In
Changing of the Guard: A Calculated Move It's not every day you see a company make a move as calculated and thoughtful as the one the Master Group just pulled. Rémy Langelier is set to transition into the shoes of CEO by early 2027, fresh off the heels of Louis St-Laurent. This isn't just any executive shuffle, folks—it's a strategic baton pass spawning an investment...
Continue Reading
Maternal Health Index: A New Tool With Big Ambitions
A Fresh Take on Maternal Health Today's all about the Heartland Forward's fresh tool, the Maternal Resiliency Index. It's making a splash at the 2026 Heartland Summit with a lot of promise on its shoulders. Backed by economists and health gurus like Emily Oster and Dr. Neel Shah, this index ain't your run-of-the-mill tool. It's here to shake the couch coins out of...
Continue ReadingTop 5 Most Recently Viewed Articles
Q2 Metals Updates Exploration Insights on Cisco Lithium Target
Overview of Q2 Metals Corp. Q2 Metals Corp. is a dedicated mineral exploration company committed to the Cisco Lithium Project, which is situated within a rich mineralized zone in Quebec. This project represents a strategic opportunity for the company as it focuses on tapping into the growing demand for lithium, an essential component in modern technology and renewable...
Continue Reading
U-Haul Holding Company Prepares for Third Quarter Financials
U-Haul Holding Company to Announce Financial Results In an important move for investors and stakeholders, U-Haul Holding Company (NYSE: UHAL, UHAL.B), the parent company of U-Haul International and several other subsidiaries, is preparing to share its financial results for the third quarter of fiscal 2025. This announcement will take place after the market closes on a...
Continue Reading
Indian Publishers Take Legal Action Against OpenAI For Copyright
Legal Challenges Against OpenAI by Indian News Publishers A group of digital news publishers from India, associated with famous billionaires Gautam Adani and Mukesh Ambani, has decided to take a stand. Recent reports indicate that these media outlets have initiated legal proceedings against OpenAI, the company behind the well-known ChatGPT tool, claiming wrongful use of...
Continue Reading
Blue Dot Readi-Mix Strengthens Presence with Sandlapper Deal
Blue Dot Readi-Mix Expands Through Strategic Acquisition Blue Dot Readi-Mix has taken a significant step in its growth strategy by acquiring Sandlapper Concrete, LLC. This acquisition marks a pivotal move for the company as it seeks to strengthen its footprint in the concrete market. With the addition of Sandlapper Concrete, Blue Dot is positioned to serve the expanding...
Continue Reading
Exploring the Expanding Digital Transformation Market Landscape
Understanding the Digital Transformation Market The Digital Transformation Market is set to undergo monumental changes, projected to expand from USD 911.2 billion in 2024 to an impressive USD 3,289.4 billion by 2030. This trajectory represents a remarkable compound annual growth rate (CAGR) of 23.9%, indicating robust growth and innovation in the sector. Companies are...
Continue Reading