PALO ALTO, Calif. and
TORONTO, July 6, 2020 /PRNewswire/ -- Inpixon (Nasdaq:
INPX), a leading indoor data company that delivers Indoor
Intelligence™ solutions, today announced it has closed the
transaction in which it acquired an exclusive license to market,
distribute, and develop the SYSTAT and SigmaPlot software suite of
products. Inpixon anticipates the transaction will be accretive to
earnings and contribute approximately $3.5
million in additional revenue annually, based on historical
sales for the software suite.
The suite of data analytics and statistical visualization tools
includes SigmaPlot, SigmaStat, SYSTAT, PeakFit, TableCurve 2D,
TableCurve 3D, SigmaScan and MYSTAT. The products are estimated to
have more than 400,000 users across 37 countries, including large,
well-known, corporate enterprises, universities and governmental
agencies.
"We look forward to continuing to offer the reliable sales and
support services to the existing SYSTAT and SigmaPlot customer
base, while also striving to offer an enhanced user experience and
platform extensions that the customers who rely on these tools have
been looking for," said Nadir Ali,
Inpixon CEO. "With this transaction we expect to increase our
revenue and cross-selling opportunities for all of our solutions,
including the Inpixon Mapping, Analytics and Workplace
Readiness™ solutions, with a greatly expanded global customer base.
In addition, the development rights granted will not only allow us
to improve the statistical and analytical capabilities of the
products for existing customers of the software but also enable us
to incorporate the new offering into our Indoor Intelligence
platform."
For more information on the SYSTAT and SigmaPlot suite of
analytics and data visualization tools, please visit
inpixon.com/systat.
For further information regarding the transaction, please see
Inpixon's Current Report on Form 8-K filed with the Securities and
Exchange Commission.
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 ability of Inpixon to
successfully retain the SYSTAT and SigmaPlot global historical
customer base, the ability to successfully develop and enhance the
software offering as contemplated, 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