Helios and Matheson Analytics Inc (NASDAQ: HMNY)
Helios and Matheson Analytics is having an incredible day in the market today, and for good reason. Earlier this morning, the company announced a planned merger that will likely send revenue soaring. Today, we’ll talk about the details of the merger, how the market reacted to the news, and what we can expect to see from HMNY moving forward. So, let’s get right to it…
HMNY To Merge With Zone Technologies
As mentioned above, Helios and Matheson Analytics is having a great day in the market today after announcing that it has made the decision to merge with Zone Technologies. Zone Technologies is the founder of RedZone Maps, which offers a GPS-driven, real time crime and navigation map application. The goal associated with the merger of the two companies is to leverage artificial intelligence capabilities as well as deep learning and analytics expertise. In doing so, HMNY is hoping to enable RedZone Maps to expand its crime mapping capabilities around the world. Of course, the merger isn’t finalized quite yet. In order for the merger to be completed, there are a few customary closing conditions that must be met as well as a need for approval by the NASDAQ Stock Market. In a statement, Pat Krishnan, CEO at Helios and Matheson Analytics had the following to offer…
“With my many years of computer sciences and engineering management experience in Silicon Valley, I recognized our synergy immediately. Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions. We plan to expand that mission through our pending merger with RedZone Maps.”
The above statement was followed up by Ted Farnsworth, Founder and CEO of RedZone Maps. Here’s what he had to say…
“Upon discovering Helios and Matheson’s cutting edge capabilities in Big Data analytics and artificl intelligence, we saw the synergy immediately. I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide.”
How The Market Reacted To The News
As investors, we know that there are few pieces of information that get investors quite as excited as news of mergers and acquisitions. In general, mergers cause big gains, and this case is no different. At the moment (12:46), HMNY is trading at $5.70 per share after a gain of $4.67 per share or 453.40% thus far today.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from the new Helios and Matheson Analytics. Throughout the years, the company has proven that it has incredible capabilities when it comes to deep learning (Machine learning) and analytics. Now that the company is merging and going to be making RedZone (an app that made it to third place in many app stores) better, the sky is really the limit at this point. All in all, I believe that the merger is a match made in heaven and that it will likely lead to big gains moving forward.
What Do You Think?
Where do you think HMNY is headed moving forward and why?