SAN FRANCISCO, June 11, 2012 /PRNewswire/ -- 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 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, or an enterprise model like HP/Autonomy, 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 in the cloud,"
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 enterprise and 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 parties 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 aggregation 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
maintained Data as a Service for businesses and education markets.
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 that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 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 also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Readers are urged not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release since they involve known and unknown risks, uncertainties
and other factors which are, in some cases, beyond our control and
which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. We assume no
obligation to publicly update or revise any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release, even if new information
becomes available in the future. Additional information on risks
and other factors that may affect the business and financial
results of Yippy, Inc. can be found in the 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)
SOURCE Yippy, Inc.