Cylix Information to be Built-in with iAgent and FOOi to Join and Unify Firm’s Portfolio
Toronto, Ontario–(Newsfile Corp. – November 15, 2021) – Xigem Applied sciences Company (CSE: XIGM) (FSE: 2C1) (“Xigem” or the “Firm“), a expertise supplier for the rising distant economic system, at this time introduced additional particulars of its plans to combine a proposed acquisition of enterprise intelligence firm 2747524 Ontario Inc. o/a Cylix Information Group (“Cylix“) with its current iAgent and FOOi expertise. The mixing of those patented applied sciences would create a critically strong platform designed to capitalize on the rising multi-billion greenback Huge Information market.
Xigem’s basic technique is to mixture a portfolio of revolutionary and disruptive applied sciences to assist organizations thrive in at this time’s distant economic system. Cylix, with a proprietary database holding greater than 74 million frequently refreshed information factors, is poised to grow to be one of many main aggregators and originators of company and private information within the Huge Information market.
The exponential development of knowledge within the distant economic system creates each alternatives and challenges for the companies that should navigate it. Based on IDC, the quantity of knowledge created or replicated worldwide is accelerating as a result of dramatic improve within the variety of individuals which are working, studying, and entertaining themselves from house, however lower than 2% of all information is retained. Organizations that successfully retailer and entry information can grow to be extra resilient, develop new income streams and enhance buyer satisfaction and loyalty.
There’s vital demand for expertise suppliers that may assist organizations handle, course of and streamline giant datasets. Based on Analysis and Markets, the worldwide marketplace for Huge Information was estimated at US$70.5 billion in 2020, and is projected to succeed in US$243.4 billion by 2027, spurred on largely by the ramifications of the COVID-19 pandemic. The phase wherein Cylix at present competes, the worldwide fraud detection and prevention market, was estimated at US$19.8 billion in 2019 and is anticipated to develop to US$106.7 billion by 2027, exhibiting a compound annual development price of 24% throughout the forecast interval.
Xigem expects Cylix to grow to be the basic platform that unifies the information throughout the Firm’s different core applied sciences. The built-in providing will present customers of Xigem’s iAgent SaaS-based CRM platform and its FOOi fee platform with instantaneous entry to streamlined details about present and potential clients and enterprise companions. For instance, customers of iAgent could possibly mitigate fraud danger when deciding on items and companies suppliers, whereas customers of FOOi will be capable to use Cylix’s danger scoring and different information factors to determine high-risk transactions in actual time, all doubtlessly including useful promoting options and cross-pollinating revenue sources for Xigem.
“Cylix is extra than simply an addition to our portfolio. We plan to combine it with our current applied sciences to create a dominant platform empowering customers to harness the multitude of knowledge obtainable to them,” mentioned Brian Kalish, co-founder and Chief Govt Officer of Xigem. “Companies and shoppers that use information to make higher selections and enhance their productiveness could have an amazing aggressive benefit over these that don’t, and we’ll try to be the expertise supplier serving to to ship these outcomes.”
Xigem has posted a brief video explaining the Cylix platform and the way the Firm plans to combine it with iAgent and FOOi. The video might be considered right here: Cylix Data and Xigem Technologies.
About Xigem Applied sciences Company
Established in Toronto, Ontario, Xigem is positioned to grow to be a number one expertise supplier for the rising close to trillion-dollar distant economic system, with software program able to enhancing the capability, productiveness, and total distant operations for companies, shoppers, and different organizations. iAgent, the Firm’s patented expertise, and FOOi, its proprietary peer-to-peer cellular funds app, will present organizations, companies, and shoppers with the instruments essential to thrive in an enormous array of distant working, studying and therapy environments, whereas the Firm appears to mixture a portfolio of revolutionary applied sciences able to disrupting conventional enterprise fashions.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This information launch accommodates “forward-looking statements” inside the which means of relevant securities legal guidelines. All statements contained herein that aren’t clearly historic in nature might represent forward-looking statements.
Typically, such forward-looking data or forward-looking statements might be recognized by means of forward-looking terminology equivalent to “plans”, “expects” or “doesn’t count on”, “is anticipated”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or might comprise statements that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “can be taken”, “will proceed”, “will happen” or “can be achieved”. The forward-looking data and forward- trying statements contained herein embody, however aren’t restricted to, statements concerning: the Firm’s means to finish the acquisition of the property and operations of Cylix (the “Transaction“); the flexibility of Cylix to grow to be one of many main and most strong aggregators and originators of company and private information within the Huge Information market; the flexibility of the Firm to proceed including revolutionary applied sciences to its portfolio; the flexibility of Cylix to grow to be a unifying engine that connects and drives different key applied sciences in Xigem’s portfolio; and elevated market demand for Cylix’s merchandise.
Ahead-looking data on this information launch is predicated on sure assumptions and anticipated future occasions, particularly: the Firm’s means to proceed as a going concern; the continued business viability and development in recognition of the Firm’s and Cylix’s purposes; the Firm’s means to proceed to develop and purchase revenue-generating purposes; continued approval of the Firm’s actions by the related governmental and/or regulatory authorities; the continued improvement of the Firm’s and Cylix’s applied sciences; the continued development of the Firm and Cylix; the Firm’s means to finance the closing of the Transaction; and the flexibility of the Firm to fulfil the necessities of the CSE in respect of the Transaction.
These statements contain recognized and unknown dangers, uncertainties and different elements, which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such statements, together with however not restricted to: the potential incapacity of the Firm to proceed as a going concern; the dangers related to the expertise and information industries typically; elevated competitors within the expertise, information and AI markets; the potential future unviability of the Firm’s and Cylix’s product choices; incorrect evaluation of the worth and potential advantages of the Transaction; dangers related to potential governmental and/or regulatory motion with respect to the Firm’s actions; dangers related to a possible collapse within the worth of data-related companies; dangers related to the Firm’s potential incapacity to achieve board, shareholder and/or regulatory approval with respect to the Transaction; dangers related to the Firm’s means to proceed producing a revenue; the shortcoming of Cylix to grow to be one of many main and most strong aggregators and originators of company and private information within the Huge Information market; the shortcoming of the Firm to proceed including revolutionary applied sciences to its portfolio; danger that Cylix won’t grow to be a unifying engine that connects and drives different key applied sciences in Xigem’s portfolio; dangers with respect to market demand for Cylix’s merchandise, and the shortcoming of the Firm to acquire CSE approval with respect to the Transaction.
Readers are cautioned that the foregoing record is just not exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking statements, as there might be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such data, though thought-about affordable by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated.
Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion and mirror the Firm’s expectations as of the date hereof and are topic to alter thereafter. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new data, estimates or opinions, future occasions or outcomes or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant regulation.
SOURCE: Xigem Applied sciences Company
On behalf of the Firm:
Brian Kalish, Chief Govt Officer
For additional data:
 IDC, “Worldwide World DataSphere Forecast, 2021-2025: The World Keeps Creating More Data – Now, What Do We Do with It All?“, March 2021
 Age of Analytics Provides the Cornerstone for the Disruptive Growth & Proliferation of Big Data Technologies, Analysis and Markets, December 2020
 Fortune Enterprise Insights, Fraud Detection and Prevention Market Size, July 2021.
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