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Inpixon Closes Acquisition of Indoor Mapping Specialist Jibestream
Thursday 22 August 2019

22 August 2019 - California, US-based indoor positioning and data analytics company Inpixon (NASDAQ: INPX) has completed the acquisition of indoor mapping and location technology specialist Jibestream Inc., the company said.

Jibestream has been a developer of experiential wayfinding software and mapping technologies since their founding ten years ago.

The Jibestream solution, a full-featured geospatial platform that integrates business data with high-fidelity indoor maps to create smart indoor spaces, is deployed in hundreds of buildings globally including numerous marque venues such as Mall of America, The Pentagon, Westfield World Trade Center, San Francisco International Airport, several Veteran Affairs hospitals and Mall of the Emirates.

Jibestream was selected as a "Cool Vendor" by global research firm Gartner in the 2018 Cool Vendors in Location Services for Wayfinding report, and was named as a Top Geospatial company in 2019 by Geoawesomeness.

Answers to frequently asked questions about this announcement can be found on the FAQ available here.

In accordance with the terms of a securities purchase agreement, dated July 9, 2019, Inpixon, through its wholly owned subsidiary Inpixon Canada, Inc., as purchaser, acquired 100% of the outstanding shares of Jibestream in exchange for consideration consisting of a combination of cash and shares of Inpixon's common stock.

Jibestream, an Inpixon Company (NASDAQ: INPX), is a software company that specialises in merging the location dimension into enterprise solutions for real-time visual intelligence.

The company's premier indoor mapping platform gives developers the tools to integrate business data with indoor maps to create tailored map-enabled solutions that address multiple use cases.

Inpixon (NASDAQ: INPX) is in Indoor Positioning Analytics.

The Inpixon Indoor Location Data Platform ingests diverse data from proprietary, IoT and third-party sensors designed to detect and position all active cellular, Wi-Fi and Bluetooth devices, and uses a proprietary process that ensures anonymity.
Details
Date Published: 22/08/2019
Target: Jibestream Inc
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Inpixon
Comment:
Terms of the deal were not disclosed

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