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Yippy to Acquire MC+A in Pursuit of $500 Million Search Appliance Market
Yippy to Acquire MC+A in Pursuit of $500 Million Search Appliance Market.
About this update from Yippy Inc
[{"type":"text","content":"\n\n\n\nYippy to Acquire MC+A in Pursuit of $500 Million Search Appliance Market\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nYippy to Acquire MC+A in Pursuit of $500 Million Search Appliance Market\nPR Newswire\nFORT MYERS, Fla., May 26, 2016\n\n\n\nFORT MYERS, Fla., May 26, 2016 /PRNewswire/ -- Yippy, Inc. (OTCMKTS: YIPI) (\"Yippy\" or the \"Company\") has agreed in principle to acquire Michael Cizmar & Associates Ltd. (\"MC+A\"), a charter Google for Work Partner and winner of Google's 2014 Innovation Partner of the Year Award.  Upon completion of the acquisition, MC+A founder Michael Cizmar will join Yippy as a member of its senior management team.  Yippy anticipates that the acquisition will be closed by mid-July 2016.\n\nIn February 2016, Google announced that it was sunsetting the Google Search Appliance (GSA), the leading product in the search appliance market.  The potential result is a significant market dislocation, as thousands of organizations are facing a time-sensitive need to replace the Google Search Appliance.  Yippy's planned acquisition of MC+A will place the Company in an excellent position to capture a significant share of the search appliance market, which we estimate to be a $500 million market as of 2016.  It is intended that Yippy will sell its EASE 360 Platform and Blue Flame appliance through MC+A, which will operate as a wholly-owned subsidiary of Yippy.  In his new role Mr. Cizmar will have primary responsibility for expanding Yippy's relationships with other GSA resellers.\n\n\"Yippy's EASE 360 software stack offers a compelling solution for customers seeking a replacement for the Google Search Appliance,\" said Mr. Cizmar.  \"Yippy's Blue Flame appliance is not simply 'on par' with the Google Search Appliance, it is a dynamic reinvention of how enterprise search can be delivered with intelligence and analytics at a fraction of the cost.\"\n\nRichard Granville, Chief Executive Officer of Yippy, stated, \"Google's decision to focus its attention on cloud-based solutions has created an opportunity for...