Nadir Ali, Chief Executive Officer of Inpixon (NASDAQ:INPX), issued a recap of the business highlights in 2019. A reputed technology analyst, Gartner has named Inpixon for its excellence in Magic Quadrant for indoor location services across the world. The company focused on integration and interoperability last year, and it is a milestone for its enhancements and platform. It has collected data from a variety of sources like the point of sale systems. The company’s commitment to interoperability and open architectures indicates that its ecosystem of distributors and partners has shown a significant growth last year.
Several acquisitions to build a technology portfolio
Inpixon has acquired several firms last year to build a technology portfolio and secured new clients. It has opened up new entry points for the business. Inpixon has taken over a video analytics technology company – Locality Systems, in spring to complement its existing solutions. With this takeover, the company can provide comprehensive products for physical cybersecurity and visitor analytics.
Acquires GPS Technology product line
Inpixon acquired a GPS technology portfolio and integrated the outdoor GPS with its indoor positioning system. It has taken over Jibestream, an indoor mapping company, to expand its portfolio at the end of the summer. The company gained leading technology in the industry besides adding subject matter experts and top talent. Several subject experts in the indoor intelligence space are playing a leading role at the company and expanding the sales, engineering, and marketing programs.
Inpixon also brought together all the required components for a unified location and indoor data platform through these acquisitions. The company specializes in interpreting, capturing, and adding context to the indoor data. It helps the customers to harness indoor data.
Demand for indoor analytics and location
The demand for indoor analytics and location across the world is expected to reach $54.6 billion by the year 2026. Several organizations are coming forward to tap untapped data in their buildings. Inpixon can help such organizations with its analytics services, positioning, and intelligent mapping, and development tools to use the data collected from indoor spaces in a multitude of industries and verticals. The company offers an end-to-end solution for such companies going forward.
Inpixon has introduced an app to help shoppers to find what they want inside a store with ease. The app uses digital directions to help locate the items in a store. It uses a combination of IoT sensors, WiFi access points, and picks up the data to deliver indoor intelligence.