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.