Yippy Inc (OTCMKTS:YIPI) shares fell 15.69% to $0.430 on Tuesday and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.17 to $0.85. The company has a market cap of $35.84 million at 68.98 million shares outstanding.
Yippy Inc announced in a press release that it partnered with Leading independent VAR Atlantix Global Systems to offer the Yippy Search Appliance and Yippy Search Cloud as the recommended solution for customers migrating from the Google Search Appliance and other search technologies.
“In 2014 Atlantix became Yippy’s main supplier of hardware and networking equipment, and provided much assistance in the growth and design of our products. Yippy truly appreciates the team over at Atlantix and are grateful to have earned the trust and recommendation from an industry leader,” stated Richard Granville, CEO of Yippy Inc. He continued, “Atlantix clients will have the opportunity to ‘test drive’ Yippy search, cloud and appliance, and we are pleased to offer for purchase through Atlantix to its existing customers our technology packages at a discounted rate.”
Atlantix is one of the largest resellers of enterprise-class equipment in the world and is a Premier Partner of Dell Enterprise class hardware. As such, it maintains one of the largest hardware inventories in North America which exceeds $100mm and serves more than 2,500 customers worldwide. Atlantix buys, sells, maintains, leases, consigns and trades just about every product line including Cisco, Sun, HP, IBM, Dell, Kaminario, Lenovo, storage equipment, Nortel and telecom equipment.
“Yippy is a very dynamic company with search products that present a great and dynamic alternative as a GSA replacement for our existing client base,” said Jason Jellie, Executive Vice President of Atlantix. “We have seen Yippy’s growth firsthand and believe our customers can benefit significantly from the flexibility and data unification abilities of Yippy’s technology for accessing data across the enterprise.”
This comes nearly a year after Google announced that it was discontinuing the GSA, which leading product in the search appliance market. The Yippy Search Appliance and Yippy Search Cloud offer features beyond those currently provided by Google or any other competitor in the search market, such as document and field level security, concept trending and clustering, entity extraction, relevancy controls, sentiment analysis, and many other features, including one of the largest libraries of content connectors available in the marketplace.
Yippy Inc is a technology company that allows customers to access data anywhere. It provides online Web destinations and services, such as search, browser, e-mail, cloud applications and storage to family personal computers, learning institutions and libraries. It also offers custom search and tool platforms.
The Company maintains its license of the technology, IBM Watson Explorer. Along with other internally developed and acquired technologies, Yippy Inc has developed a suite of technology solutions, which enhance Watson’s output while simplifying the deployment process. These solutions range from cloud, enterprise search, business intelligence, document security and data compression for maritime support services operations. It has also developed middleware, connectors and associated programs.