Inpixon (NASDAQ: INPX) is making a run for the top in the market this morning, trading on gains of around 5% after the company announced acquisition news. According to a release by INPX, the company has completed the acquisition of Jibestream. Here’s what’s going on:
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INPX Completes Jibestream Acquisition
Inpixon issued a press release early this morning, announcing that it had completed the acquisition of Jibestream. Jibestream is a premier provider of indoor mapping and location technology.
This acquisition is a big move for INPX as Jibestream as been a pioneer in experiential wayfinding software and mapping technologies for about a decade. Essetnially, the product being acquired here is a full-featured geospatial platform that integrates data from the business with high-fidelity indoor maps.
The system allows users to create smart indoor spaces, leading to its deployment in hundreds of buildings around the world, including big names like the Mall of America, The Pentagon, Westfield World Trade Center, San Francisco International Airport, various VA hospitals and the Mall of the Emirates.
Jibestream was also named a “Cool Vender” by a global research firm known as Gartner and made its way to be named the Top Geospatial Company of 2019 by Geoawesomeness.
In a statement, Nadir Ali, CEO at INPX, had the following to offer:
Inpixon can now offer all four of the essential building blocks needed to make indoor spaces information-rich and helpful: mapping, positioning, analytics and development tools. We believe we are one of very few companies that can offer this end-to-end solution, and that our new, expanded solution portfolio — available today — positions us well to secure a leadership position in what Marketsandmarkets forecasts will grow 42% CAGR to USD 40.99 billion by 2022. Further, we plan to integrate the solutions into an Indoor Location Data Platform which can ingest all of a customer’s indoor data and present a unified, map-based user interface, to give each user and department a tailored, personal view of the information they need to be successful. This is in direct alignment with, and helps us to fulfill, our mission to, ‘Do Good With Indoor Data.
This Is A Very Big Deal
While Inpixon is trading on strong gains today, the reality is that the gains are nowhere near what they should be as this is a monumental move for the company.
First and foremost, Jibestream has been around for about a decade, and grown to take a leadership role in the space since. As part of its leadership role, it has been recognized by several trusted third parties only serving to validate the work that the company has done.
Importantly, as a business that has been around for a decade and earned a position as top dog in its space, Jibestream is a revenue generator. This means that as a result of this acquisition, INPX can expect to see significant revenue growth.
All in all, with the acquisition of a leading player in the geospatial space, and the strong revenue growth that’s likely to take place as a result, INPX is a stock that’s hard to ignore.
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