Original text
Rate this translation
Your feedback will be used to help improve Google Translate
Home
Yippy Inc
Yippy (YIPI) Enters Into Definitive Agreement to Acquire MC+A
Published Aug 31 2016
3 min read

Yippy (YIPI) Enters Into Definitive Agreement to Acquire MC+A

Yippy (YIPI) Enters Into Definitive Agreement to Acquire MC+A

Atlanta, GA, August 31, 2016 – Yippy, Inc. (“Yippy” or the “Company”) (OTCMKTS: YIPI) announced today the entering into of a definitive merger agreement to acquire Michael Cizmar + Associates, Ltd. (“MC+A”), an Illinois corporation.  According to the terms of the merger agreement, MC+A will merge with and into a wholly-owned acquisition subsidiary of Yippy, with MC+A surviving the merger and continuing as a wholly-owned subsidiary of Yippy.  The closing of the merger is subject to certain customary closing conditions, and the parties anticipate that the merger will close shortly.  The parties had previously announced the planned acquisition in May 2016 upon them entering into a non-binding letter of intent.

Yippy’s Enterprise Search division is a growing focus of the Company’s business in light of Google’s announcement of its intention to sunset the Google Search Appliance, the market’s current leading search appliance product.  It is anticipated that Mr. Cizmar will lead Yippy’s Enterprise Search division as well as remaining President of MC+A post-acquisition, which will continue to offer Google-related offerings as well as customer software development.  Through the application of IBM Watson Explorer technology to on-premises enterprise search, the Company believes that the Yippy Search Appliance will constitute a leap forward from the Google Search Appliance.

MC+A invites interested persons to attend a webinar tomorrow, September 1, 2016, at 3:00pm ET, to learn about how Yippy’s technology can replace the Google Search Appliance.  Please visit the following link to register for the webinar:

http://www.mcplusa.com/events/say-hello-yippy-search-appliance-enterprise-platform-search/

Yippy has filed an extension with respect to its annual report.  Yippy anticipates filing its annual report by mid-September.

About Yippy, Inc.

Yippy, Inc. (www.yippyinc.com) is a technology company that specializes in the development of search-based applications, data normalization and aggregation through enterprise application (app) service environments (EASE) for consumer and enterprise markets. Yippy's proprietary appliance based product suites are deployed over a private cloud architecture and provide secure, redundant and maintained data services for individuals, businesses and education markets. The company also operates several online web properties and educational reference portals. Investors can find current financial disclosure for the company at: www.otcmarkets.com/stock/YIPI/filings.

About MC+A

MC+A is an award-winning enterprise search consulting firm with over a decade of experience deploying enterprise search solutions for organizations around the world.  With offices in North and South America supporting hundreds of clients, MC+A's technical innovation and industry knowledge provide organizations with real business process improvements and significant ROI.  To learn more, visit www.mcplusa.com.

Contact:

John Routhier

John.Routhier@yippyinc.com