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[December 27, 2012]
Windows Azure Extends Mimvi Search and Recommendation Technology
SUNNYVALE, Calif., Dec. 27, 2012 /PRNewswire via COMTEX/ -- Mimvi, Inc. (OTCQB: MIMV) announces that alongside the new release of Mimvi App Search now in the Windows Phone Store, Mimvi is taking advantage of Microsoft Corp.'s Windows Azure cloud platform to extend its core technology to internal and external groups and partners in the Microsoft ecosystem. This strategic relationship with Microsoft allows Mimvi to further enhance and extend its proprietary algorithmic technology - the foundation of its mobile search, discovery and recommendations engine.
In addition to search and recommendations, Mimvi is using Windows Azure to build out a suite of products based on its technology, including MimviLink(TM), a mobile advertising network that matches relevant mobile apps to content.
Microsoft and Mimvi are also working together to enable companies to migrate mobile apps and backend infrastructures to the Windows Azure cloud and/or the Windows Phone Store.
Kasian Franks, Founder and CVO of Mimvi states, "Windows Azure is a great match for Mimvi's growing technology needs. The mobile space is exploding with apps, and without good search technology and a strong cloud foundation to serve our results, we wouldn't be able to keep pace with the growing demand for our services." Mimvi's search engine returns millions of mobile app and web app results and has indexed the more than 1.2 million mobile apps in the marketplace today. It's the only search engine that provides users access to "Amazon-like" recommendations for mobile apps specifically. The global smartphone app market is forecasted to reach US $100+ billion by 2017 according to Global Industry Analysts, Inc.
"Our strategic technology advantage and relationship with Microsoft will serve Mimvi well," says Franks.
"Companies such as Mimvi that develop ways to approach mobile search and app recommendations can take advantage of Microsoft's scalable cloud solution. With Windows Azure, Mimvi can quickly build, deploy and manage its core mobile search and discovery technologies and applications across a global network of Microsoft-managed datacenters. Windows Azure will help enable Mimvi to quickly provide clients and partners with the services they need in an increasingly competitive environment," says Dan Sandlin, Manager Windows Azure Team at Microsoft.
About Mimvi, Inc. Headquartered in Sunnyvale, California, Mimvi, Inc. (MIMV) is a pure-play mobile technology company. Its proprietary search and "intelligent" recommendation algorithms enable the search and discovery of Mobile Apps, Mobile Content and Mobile Products across multiple devices and platforms, including: Apple's iPhone and iPad, Google Android, BlackBerry, Windows Phone, Facebook and Web Apps.
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Safe Harbor Statement This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. MIMVI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Mimvi's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Mimvi's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. MIMVI undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
Investor Contact: Gerald Kieft The WSR Group(772) 219-7525 (tel)IR@theWSRgroup.comwww.wallstreetresources.net/mimvi.asp SOURCE Mimvi, Inc.
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