The AI Eye: Arlo (NYSE: ARLO) and Verisure Close Definitive Acquisition Agreement and Aurora Mobile (NasdaqGS: JG) Launches Mini Program Version of iAPP
Point Roberts, WA and Vancouver, BC - January 2, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.
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The #AI Eye: Arlo (NYSE: $ARLO) and Verisure Close Definitive Acquisition Agreement and Aurora Mobile (NasdaqGS: $JG) Launches Mini Program Version of iAPP
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:ARLO) (NasdaqGS:JG)
Monitored security solutions provider Verisure Sàrl and Arlo Technologies, Inc. (NYSE:ARLO) have successfully closed definitive agreements to create a strategic partnership. This involves the acquisition by Verisure of Arlo's European commercial operations, enabling the former to "create the first European multi-channel go-to-market strategy for consumer security and surveillance services". An excerpt from the press release reads:
As part of the transaction Verisure now assumes full ownership of Arlo's European commercial operations, including sales, marketing and customer care. Arlo users will continue to enjoy the same user experience through the Arlo app and services such as Arlo Smart, and all backend services including cloud recordings will continue to be managed and operated by Arlo Technologies.
Aurora Mobile Limited (NasdaqGS:JG), a leading mobile developer service provider in China which leverages AI and machine learning, has "launched a mini program version of its product iAPP which provides mobile internet companies and investors with real-time data and deeper insights into market trends to help them make better business decisions". Fei Chen, Co-Founder and President of Aurora Mobile, commented
"We are excited to launch a new and innovative mini program version of iAPP which I am confident will allow our clients to make better business decisions in real-time. Mini programs have been growing rapidly and have become one of the hottest marketing channels in China. Leveraging the big data analytics functions of our iAPP mini program, mobile internet companies will be able to refine their mini program operating strategies in real-time and better position themselves in the market. In addition, we believe this mini program will create significant value for investors seeking new market opportunities by closely tracking industry dynamics."
European Machine Learning Market to See 34.35% CAGR from 2019-2027
A report from Research and Markets finds that the European Machine Learning market will witness a compound annual growth rate (CAGR) of 34.35 percent from 2019 to 2027. The report description indicates that "the enhanced use of Big Data in the healthcare industry and the heightened adoption of autonomous vehicles in Germany are propelling the growth of the country’s machine learning market". An excerpt reads:
In the field of medicine, Big Data is deployed for computing complicated statistics in massive amounts so as to deliver trends & patterns which are crucial for applications in the healthcare industry. Big Data aids physicians in anticipating problems before they occur. The Elsevier Health Analytics Group has revolutionized patient care in Germany by deploying Big Data. The company is closely coordinating with health economists, physicians, statisticians, IT specialists and analysts for growing the evidence-driven knowledge on appropriate treatments. This is managed by Big Data in healthcare and appropriately used by medical professionals with the help of AI. The deployment of Big Data in healthcare has thus augmented the growth of Germany’s market for machine learning.
Sam Mowers, Investorideas.com
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