Post by icemandios on Jun 6, 2016 18:58:29 GMT
Helios and Matheson Analytics Inc. and Zone Technologies, Inc. Announce Pending Merger
Hi-Tech Companies Partner to Expand RedZone Maps' Crime Aggregation Technology
PR Newswire RedZone
3 hours ago
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MIAMI and NEW YORK, June 6, 2016 /PRNewswire/ -- Helios and Matheson Analytics Inc. (HMNY), a provider of integrated Big Data technology, advanced analytics and data visualization solutions to Fortune 500 companies, and Zone Technologies, Inc., creator of RedZone Maps, a GPS-driven, real-time crime and navigation map application, announced today that they plan to merge. With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally. The pending merger is subject to approval by the NASDAQ Stock Market, among other customary closing conditions.
Having achieved fourth place in the App Store's navigation category behind Google and Waze in its first week out of beta, RedZone Maps' GPS-driven, real-time crime and navigation map application empowers consumers to identify "red zones" â concentrations of highly reported crime in an area â and helps navigators obtain optimal cautionary alerts that can be shared with others. In addition to expanding RedZone Maps' mapping capabilities, RedZone Maps expects Helios and Matheson's expertise to enable it to monitor chatter on all social media platforms internationally and instantaneously retrieve real-time crime data from around the world.
In discussing the pending merger, Ted Farnsworth, Founder and CEO of RedZone Maps, said, "Upon discovering Helios and Matheson's cutting edge capabilities in Big Data analytics and artificial intelligence, we saw the synergy immediately. I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide."
Pat Krishnan, Helios and Matheson's CEO agrees. "With my many years of computer sciences and engineering management experience in Silicon Valley, I recognized our synergy immediately. Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions. We plan to expand that mission through our pending merger with RedZone Maps."
About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ: HMNY), headquartered in New York City with offices and facilities in Silicon Valley and India, including an offshore development center in Chennai, India, provides Big Data technology and advanced analytics services, with extensive domain expertise in Banking, Financial Services and Insurance (BFSI), including data visualization to empower its clients to unlock the value of data to make better decisions. With its client roster including Fortune 500 corporations, it focuses mainly on the BFSI and Technology verticals. Helios and Matheson's solutions cover the entire spectrum of information technology needs, including applications, data and infrastructure. For more information visit Helios and Matheson at www.hmny.com.
About RedZone Maps
RedZone Maps (Zone Technologies, Inc.), headquartered in Miami, Florida, with offices in Israel, is a state-of-the-art mapping and spatial analysis company. Its eye-opening safety map application enhances mobile GPS navigation by providing advanced proprietary technology, to easily and safely guide travelers to avoid potentially risky areas deemed "red zones," due to high groupings of crime data. More than that, the app incorporates a social media component allowing for real-time "It's happening now" crime reporting coupled with up-to-the-minute data from over 1,400 local, state, national and global sources. Currently available to iOS users with an Android version scheduled to launch shortly. More information is available on the RedZone Maps website and the free app is available for download in the App Store.
