[3] In 2006, Helios & Matheson Information Technology Ltd., an IT consulting firm based in Chennai, India, purchased a majority stake in the company.

[4][5] The A Consulting Team changed its name in 2007 to Helios & Matheson North America, to highlight its association with the parent company.

[8] The company acquired Zone Technologies, maker of the RedZone Map app, in November 2016.

[15] In March 2018, the board of directors began the process to spin off Zone Technologies to shareholders as a separate, publicly traded company, with the hope that it would allow Helios to focus on its strengths.

With the diluting and discount on the shares, prior investors indicated their unhappiness with the company on Twitter.

[22] In October 2018, the Attorney General of New York opened an investigation into Helios and Matheson Analytics, looking into whether it misled investors about the company's financial situation.