- Initial offering focused on cricket, a global sport with 2.5 billion fans
- Developed through a joint business agreement with DevLex, product release is anticipated in Q2 2018
- Consorteum also focused on deployment of its proprietary technology to the online gaming industry, which is projected to reach $1 trillion by 2022
Through a joint business agreement with DevLex Ltd., Consorteum Holdings, Inc. (OTC: CSRH) announced on April 2, 2018, that it aims to release its first predictive data analytics mobile offering, dedicated to the game of cricket, during the second quarter of 2018 (http://ibn.fm/cAjXm). This will be released worldwide via Consorteum’s wholly owned subsidiary, 359 Mobile Inc., using the company’s proprietary Universal Mobile Interface™ (UMI) for the distribution of the Edgelytics™ Predictive Analytics Platform. Edgelytics enables the development of real-time analytics and predictive analytics for deployment to mobile devices. Following the release of this product, Consorteum intends to extend its Edgelytics offering to other sports in the future.
Cricket is the second most popular global sport after soccer. Originating in the United Kingdom, cricket has around 2.5 billion fans across the world, including a massive following in India (http://ibn.fm/0C4AW). It is also a hugely popular sport in Australia, South Africa, New Zealand and many other countries. Edgelytics Cricket offers users of mobile devices access to extensive historical data combined with real-time updates on cricket games, teams and players.
Consorteum focuses its efforts on software development and solutions for the delivery of digital offerings to mobile devices. This includes delivery of mobile content and mobile payment solutions. The company’s UMI technology supports fully regulated, regionally compliant financial and social transactions via mobile and web. It has the capacity to deliver solutions in various sectors, including fintech, data analytics, secure payment processing and compliance lead transaction management. The UMI platform enables the development of a cross operating system to support all mobile devices, while satisfying the complex, highly regulated needs of the mobile fintech sector.
The development team at 359 Mobile has created an end-to-end fintech solution using the UMI technology platform to overcome the poor mobile application and transaction solutions currently experienced by users. Consorteum believes that 359 Mobile’s innovative development initiatives will present opportunities for other partnerships and joint ventures in many different market sectors in the future.
The company is currently focused on developing and delivering fintech solutions to the mobile gaming industry. According to a study conducted by Juniper Research, the online gaming market is forecast to surpass $1 trillion by 2022 (http://ibn.fm/1WQdg). The majority of this growth will be driven by mobile devices, which provide a rapidly growing market for the deployment of Consorteum’s UMI platform. The company believes that there will be new opportunities in the gaming sector to provide mobile marketing services to consumers, real-time services to mobile sports book operators, fixed-odds betting solutions and social-based transactions.
Consorteum views the launch of its first mobile predictive analytics product for global cricket fans as an important milestone for the company. Following the announcement of the product’s intended release, Craig Fielding, CEO of Consorteum, said, “An extraordinary amount of work by a dedicated team has gone into not only the technological building of the Edgelytics platform, but also into the creation and continual update of the massive statistical database required to support this innovative tool.”
For more information, visit the company’s website at www.Consorteum.com
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