by Angela Guess

A new release out of the companies reports, “Helios and Matheson Analytics, Inc. (‘HMNY’) and Zone Technologies, Inc. (‘Zone’) announced today that they have signed a definitive agreement and plan of merger (the ‘Agreement’). The parties expect the merger to create a fully integrated Big Data and Artificial Intelligence company for real-time crime data aggregation and global expansion of Zone’s RedZone Maps mobile application. Pursuant to the Agreement, a newly-formed wholly owned subsidiary of HMNY will merge with and into Zone, with Zone surviving the Merger as a wholly owned subsidiary of HMNY (the ‘Merger’).”

The announcement continues, “HMNY and Zone expect the Merger to be a highly synergistic business combination. United by a common business culture, both companies have seasoned entrepreneurial experience and strong execution and delivery teams. HMNY’s strength in Big Data and social chatter analytics melds with Zone’s focus on crime data aggregation and analytics, enabling HMNY to draw real-time insights and provide predictive analytic capabilities to the RedZone Maps application. HMNY and Zone plan to deploy these capabilities through an architecture that will house an SSOT (Single Source of Truth) database, allowing unification and normalization of global crime reporting.”

Read more at BusinessWire.

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