Inpixon Completes Acquisition of Global Distribution & Development License
Inpixon, a leading indoor data company that delivers Indoor Intelligence solutions, 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.
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“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.”
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Inpixon 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.
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