INPX stock exploded higher in early trading on June 23, 2020, after the company announced an exclusive global license.
Inpixon (Nasdaq: INPX), a leading indoor data company that delivers Indoor Intelligence™ solutions, announced it has entered into an exclusive global license agreement to develop, market and distribute the Systat and SigmaPlot software suite of products. Systat and SigmaPlot are data analytics and statistical visualization solutions and are estimated to have more than 400,000 users across 37 countries. The transaction is expected to be accretive to earnings and will expand Inpixon’s subsidiary operations into the United Kingdom and Germany.
Nadir Ali, Inpixon CEO, noted, “The Systat suite of products has a long history within the data analytics and scientific community worldwide, and we are excited to bring additional value to that community. We intend to apply our expertise and resources to enhance the user interface and expand availability to the MacOS platform in order to advance the user experience and serve additional market segments.”
“Also, we believe this agreement will enhance our shareholder value, not only because we anticipate that it will be accretive but also by bringing to Inpixon a product line deeply rooted in sophisticated data analytics with simplified visualizations that can be leveraged within our Indoor Intelligence platform.”
The transaction is expected to close in the coming weeks, subject to closing conditions. For further information regarding the terms and conditions of the transaction, including the conditions to closing, contained in the license and distribution agreement, and other related transactions, please see Inpixon’s Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission, in connection with this transaction.
On June 9, 2020, Inpixon (Nasdaq: INPX) announced it had launched a national advertising campaign to raise awareness of how Inpixon’s Indoor Intelligence™ and Workplace Readiness™ solutions can help organizations prepare to reclaim their workplace with tools that collect, map and analyze indoor data to support corporate initiatives and policies aimed at ensuring the safety and well-being of employees and visitors within their premises.
The campaign is designed to reach key decision makers at Fortune 500 and other large enterprises and government agencies. It is anticipated to deliver more than 15 million impressions utilizing online and print media including the Wall Street Journal, New York Times, Washington Post, LinkedIn, and several popular podcasts including TED Radio Hour and Planet Money.
The Reclaim Your Workplace campaign will include a series of print and digital ads, online videos, radio spots and podcast sponsorships reminding us that, if our businesses take the initiative to prepare and adapt in order to overcome the obstacles of today, they will be in a position to thrive tomorrow. It’s a powerful and positive message in support of reopen efforts portrayed through a series of monochromatic images overlaid with the blue data streams of offices spaces coming back to life better prepared to offer a safer environment by leveraging the power of indoor data with the use of Inpixon’s Indoor Intelligence platform.