Xigem's Cloud-based Platform Makes Risk Profiling Accessible to a Broad Audience
Toronto, Ontario--(Newsfile Corp. - April 20, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, is pleased to announce that its wholly owned subsidiary, Cylix Data Corporation ("Cylix"), has launched its flagship business intelligence platform as a Software-as-a-Service ("SaaS"). The launch marks a significant milestone in the ongoing investment and commercialization of the Cylix platform.
As previously announced, Cylix has been upgraded to include a robust technology architecture, a more intuitive and responsive user interface, streamlined reporting capabilities and integrated artificial intelligence capabilities. Cylix has successfully completed the beta-testing phase and now plans to migrate customers to the SaaS version of the platform.
With this launch, Cylix is making risk mitigation and business intelligence information accessible to a broad audience. Small and medium-sized businesses can benefit from timely access to high-quality data that helps them make better, more intuitive decisions. Unlike some comparable services that require the provider to manually collate reports, Cylix is designed as a true "self-serve" platform that enables customers to retrieve desired information immediately.
The cloud-based SaaS model improves affordability for customers, who pay a predictable flat subscription fee rather than a fluctuating cost based on projected volume. More importantly, it allows users to benefit immediately from new features and capabilities as they are added to the platform. The Cylix team is implementing a technology roadmap that will include regular upgrades in the coming months and years. Customer feedback will continue to be a vital consideration in steering ongoing product development.
"We are building on our leadership position by introducing one of the first business intelligence platforms to be available as a cloud-based product," said Ezio D'Onofrio, President, Cylix Data Corporation. "The early response has been very positive, and we are very excited to introduce a truly differentiated new product to prospective customers."
Cylix anticipates that the availability of a SaaS version, along with other ongoing product enhancements, will broaden its addressable market. The Cylix platform is suitable for a wide range of sectors, including professional and financial services, manufacturing, B2B sales and distribution. Cylix intends to ramp up its lead generation and sales efforts throughout the remainder of 2022.
Prospective customers can now visit cylixdata.com to sign up for the service or request a demo.
About Xigem Technologies Corporation
Established in Toronto, Ontario, Xigem is positioned to become a leading technology provider for the emerging near trillion-dollar remote economy, with software capable of improving the capacity, productivity, and overall remote operations for businesses, consumers, and other organizations. iAgent, the Company's patented technology, FOOi, its proprietary peer-to-peer mobile payments app, and Cylix Data, its business intelligence engine, is intended to provide organizations, businesses, and consumers with the tools necessary to thrive in a vast array of remote working, learning and treatment environments, while the Company looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the features of the technology being invested in (including but not limited to the anticipated interface); the launch of the next generation of the Cylix Data business risk profiling platform; the functionality and capabilities of the SaaS release and benefits relating to it; the appeal of Cylix Data to a broad range of potential customers; and future enhancements to the products disclosed in the press release and other features of the anticipated product roadmap.
Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the continued commercial viability and growth in popularity of the Company's and Cylix's applications; the ability to continue to advance the development of Cylix's products; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; the ability of Cylix to enhance features and functionality of its products as currently anticipated; the success of the launch of the next generation of the Cylix Data business risk profiling platform; continued market demand for Cylix's products; continued development of the Company's and Cylix's technologies; the continued growth of the Company and Cylix; and the continued growth of the industry the Company operates in.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with the technology and data industries in general; increased competition in the technology and data markets; the potential future unviability or limited viability of the Company's and Cylix's product offerings; incorrect assessment of the value and potential benefits of the products described in this press release and the expected enhancements to such products; risks associated with potential governmental and/or regulatory action with respect to the Company's activities; risks associated with a potential collapse in the value of data-related services; the inability of Cylix to enhance functionality of its product offerings and/or to complete the successful launch of the next generation of the Cylix Data business risk profiling platform; and risks with respect to market demand for Cylix's products.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE: Xigem Technologies Corporation
On behalf of the Company: Brian Kalish, Chief Executive Officer
