PALO ALTO, Calif. and
TORONTO, May 19, 2020 /PRNewswire/ -- Inpixon (Nasdaq:
INPX), a leading indoor data company that specializes in delivering
indoor intelligence, today announced the appointment of
Tyler Hoffman as Chief Revenue
Officer (CRO).
Mr. Hoffman is an innovative sales and business development
executive who has served more than 20 years in revenue leadership
positions at prominent companies including PayPal, Google, Visa,
eBay, and CNET Networks. One of the key considerations for his
appointment was his deep experience in enterprise software and
Software-as-a-Service (SaaS), spanning fintech, e-commerce,
security, data, media and retail sectors.
"Tyler is an exceptional and proven growth leader, and I'm
thrilled to welcome him as the Chief Revenue Officer of Inpixon,"
said Nadir Ali, CEO. "He brings a
wealth of experience in building and growing highly effective sales
operations, which will be instrumental to Inpixon's progression.
Worldwide interest in the indoor positioning and navigation market
continues to grow dramatically – Allied Market Research projects
that the global indoor positioning and indoor navigation market
will grow with a CAGR of 42.0% to $43.5
billion by 2025 – and Inpixon is well positioned to address
that demand."
"I am delighted to join in the Inpixon team's mission of doing
good with indoor data," commented Mr. Hoffman. "Inpixon's Indoor
Intelligence platform offers organizations an array of powerful and
elegant solutions, from security to analytics to wayfinding,
spanning a largely untapped market. Especially during such
challenging times, we are excited to help major global employers
bring their workforces back to the workplace – both safely and with
confidence – with innovations such as Inpixon's Workplace Readiness
Dashboards."
About Inpixon
Inpixon® (Nasdaq: INPX) is the Indoor Intelligence™ company that
specializes in capturing, interpreting and giving context to indoor
data so it can be translated into actionable intelligence. The
company's Indoor Intelligence™ platform ingests diverse data from
IoT, third-party and proprietary sensors designed to detect and
position active cellular, Wi-Fi, UWB and Bluetooth devices. Paired
with a high-performance data analytics engine, patented algorithms,
and advanced mapping technology, Inpixon's solutions are leveraged
by a multitude of industries to do good with indoor data. This
multidisciplinary depiction of indoor data enables users to
increase revenue, decrease costs, and enhance safety. Inpixon
customers can boldly take advantage of location awareness,
analytics, sensor fusion and the Internet of Things (IoT) to
uncover the untold stories of the indoors. For the latest insights,
follow Inpixon on LinkedIn, Twitter, and
visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on
historical fact are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. While management has based any forward-looking statements
included in this release on its current expectations, the
information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of the
control of Inpixon and its subsidiaries, which could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not limited to,
the fluctuation of economic conditions, the impact of COVID-19 on
Inpixon's results of operations, the performance of management and
employees, the regulatory landscape as it relates to privacy
regulations and their applicability to Inpixon's technology,
Inpixon's ability to maintain compliance with Nasdaq's minimum bid
price requirement and other continued listing requirements,
including during a panel monitoring period ending on February 5, 2021, the ability to obtain
financing, competition, general economic conditions and other
factors that are detailed in Inpixon's periodic and current reports
available for review at sec.gov. Furthermore, Inpixon operates in a
highly competitive and rapidly changing environment where new and
unanticipated risks may arise. Accordingly, investors should not
place any reliance on forward-looking statements as a prediction of
actual results. Inpixon disclaims any intention to, and undertakes
no obligation to, update or revise forward-looking
statements.
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SOURCE Inpixon