Inpixon Secures Increased Financing Facility to Process Growing Orders
August 16 2017 - 9:30AM
Business Wire
Inpixon completes financial agreement with
Payplant to continue supporting its growing opportunities and
accelerating revenue
Inpixon (NASDAQ:INPX), a leading indoor positioning analytics
company, announced that it has entered into a receivables and
purchase order funding agreement with Payplant, LLC and replaced
the existing $1.4 million loan to Gemcap. The Payplant facility
will allow increased flexibility in meeting working capital needs
by processing a growing amount of commercial and government
purchase orders.
“We’re very pleased to welcome Payplant as a finance partner
going forward, as Inpixon strengthens its Indoor Positioning
Analytics solutions to deliver IoT and wireless device security,
customer insight and business intelligence to all indoor premises,”
said Nadir Ali, Inpixon CEO. “After separating and refocusing the
operations of the Company into Value-Added Reseller and Inpixon
Product units, raising $6 million to mostly repay debts, we are
excited to establish partnership with Payplant who share our
long-term vision of the Company and the market.”
“Inpixon is an emerging leader in a very lucrative market of
Indoor Positioning with a respectable customer base and we are
happy to support its growth mission,” said Neerav Berry, Payplant
CEO & Co-Founder. “Inpixon fits our objective of providing
creative financing solutions to businesses with innovative
technology and strong management teams.”
To learn more about Inpixon, see here: https://inpixon.com
About Inpixon
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and
Data Analytics. Inpixon sensors are designed to find all accessible
cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a
high performance, data analytics platform this technology delivers
visibility, security, and business intelligence on any commercial
or government premises world-wide. Inpixon’s products,
infrastructure solutions, and professional services group help
customers take advantage of mobile, big data, analytics, and the
Internet of Things (IoT) to uncover the untold stories of the
indoors. For the latest insight on Indoor Positioning and Data
Analytics, follow Inpixon on LinkedIn and @InpixonHQ
on Twitter.
About Payplant
Payplant provides growth financing for entrepreneurs, by
entrepreneurs. Its Pay Me NowTM digital invoice-financing service
provides cash to businesses when their customers pay too slowly.
Payplant helps businesses with PO and Invoice Financing, Asset
Based Lending, Term Loans and Customer Financing products. Payplant
works with companies that don’t currently qualify for traditional
bank financing, have grown too quickly for their current lender or
are at the point in their evolution where an influx of working
capital can elevate their business to achieve rapid growth.
Payplant delivers fast and reliable funding, at very attractive
rates and is completely on demand. For more information, visit
www.payplant.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170816005536/en/
Inpixon Investor Relations:CorProminence LLCScott Arnold,
+1 516-222-2560Managing Directorwww.corprominence.comorMedia
Contact:InpixonNichole Kucher, +1
408-805-7323nichole.kucher@inpixon.com
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