Shares of Yippy Inc. (PINK: YIPI), a Fort Myers, Florida-based technology company specializing in the development of search, data normalization and aggregation through application service environments for consumer and enterprise markets, are up sharply in trading today.
YIPI shares are currently trading 9.14% higher at $2.03 on above average volume of 425,300. The stock gained more than 69% in the last three trading sessions.
Yippy shares have been gaining momentum after the company said on Monday that it signed an agreement to merge with MuseGlobal, a provider of content integration and data virtualization services.
The merger brings together two wholly synergistic companies, with an exclusive and vast range of resources and abilities.
Rich Granville, CEO of Yippy, said that big data is a major problem for search engines and if you cant cluster search results and dynamically rank and normalize unlimited information sources whether it is a consumer search engine or an enterprise model, you are out of the game of search in 3-5 years. Granville noted that the future is data virtualization or data as a service in the cloud.
Recent Comments