Sysorex Signs Hearst Corporation to New 3-Year Deal
Big data analytics and solutions provider Sysorex (NASDAQ: SYRX) today announced that Hearst Corporation has signed a three-year renewal for Sysorex's Shoom eTearsheets, an advertising proof-of-publication and competitive analysis service for newspaper publishers. It is the third time Hearst, which owns 15 daily and 34 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union, has renewed its Shoom services contract.
"As one of the premiere newspaper publishers in the nation, Hearst places a great deal of emphasis on providing its advertisers with the best services and solutions possible," said Michael Lynch, Executive Vice President of Sysorex's Shoom unit. "We are very pleased that it once again selected Shoom solutions to fulfill its customer needs."
Shoom eTearsheets is a software-as-a-service big data platform that provides proof-of-publication, ad archive and competitive market analysis to more than 250,000 advertisers and 11,000 agencies. eTearsheets allows newspapers and advertisers to search more than 95 million ads across 41 categories for competitive insight and analysis on ad rates, reach and other important metrics.
"Hearst's three year renewal of our Shoom eTearsheets is further validation of Sysorex's long term strategy to focus on delivering business analytics and cloud-based services to industries that depend on data-driven insights to maintain a competitive edge," said Sysorex CEO, Nadir Ali. "In the future we anticipate customers using a combination of our products and services including Shoom, our AirPatrol location-based technology and our LightMiner Data Analytics suite."
About Hearst Corporation
The Hearst Corporation is one of the Nation's largest diversified media companies. Its major interests include magazines, newspapers and business publications, cable networks, television and radio broadcasting, Internet businesses, TV production and distribution, newspaper feature distribution and real estate. The company is also the world's largest publishers of monthly magazines with fifteen titles in the United States and nearly two hundred international editions.
Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in Palo Alto, California, we have regional offices in North America, South America, Europe and the Middle East. Visit www.sysorex.com, follow us @SysorexGlobal and Link up on LinkedIn.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Sysorex and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and employees, the company's ability to obtain financing, competition, general economic conditions and other factors that are detailed in the company's periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.