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Inpixon Acquires Second Indoor Location Company In Four Months

Aug. 01, 2019 1:50 PM ETInpixon (INPX) StockCSCO2 Comments
Bruce Krulwich profile picture
Bruce Krulwich


  • inpixon has just announced that they are acquiring Jibestream, their second indoor location related acquisition in four months.
  • While they did not announce the prices of their acquisitions, SEC filings give the prices, detailed below.
  • This is the latest of at least 27 acquisitions in the indoor location area, which appears to be entering a period of strong consolidation.
  • Inpixon is not the only company using M&A to strengthen their position in this growing and strategic area.

Inpixon (NASDAQ:INPX) just announced that they are acquiring Jibestream, a company that developed middleware for creating indoor mapping and location applications. This acquisition follows quickly on their April, 2019, acquisition of Locality, a company that developed indoor location systems for security, visitor analytics and organizational management and efficiency. The two acquisitions in four months show Inpixon's continuing drive to acquire all the elements they need for a strong indoor location offering.

The companies did not announce prices for either acquisition, but SEC filings reveal that Jibestream was acquired for $6.1 Million USD. This price consists of $5 Million CAD in cash plus $3 Million CAD in stock, totaling $8 Million CAD which at the time of this writing is equivalent to roughly $6.1 Million USD.

A recent report by Grizzly Analytics, the analyst firm that I founded, analyzes 26 indoor location related acquisitions. Inpixon's April acquisition of Locality was on the low end of the price range, at $2.1 Million, while the highest priced acquisition was for $140 Million. The lower prices tended to go to companies with component technologies that their acquirer wanted to assemble into a collective offering, while the higher prices went to companies with mature solutions and revenues.

In addition to acquiring Locality and Jibestream, Inpixon also acquired a portfolio of GPS related technologies from GTX Corporation (OTCQB: GTXO) with the aim of strengthening their ability to bridge between outdoor and indoor location services. It appears clear that Inpixon is acquiring technologies at a fast pace in order to fill the gaps and strengthen the strength and breadth of their indoor location offerings.

Inpixon venue mapInpixon is not alone in using acquisitions to build up strength in the indoor location market. ESRI, a market leader in geographic information systems, acquired indoo.rs, maker of a strong self-learning platform for indoor location services on

This article was written by

Bruce Krulwich profile picture
Founder of Grizzly Analytics. Now Director of Data Analysis at Seeking Alpha.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (2)

Inpixon is a significantly undervalued company with good solutions/ideas. Nadir Ali the CEO should step up and sell shares to institutions not simply using shares to acquire new companies like Jibestream. Inpixon share value is not held up because solution of the sales to American dream news articles mention Jibestream more than Inpixon. So I don't think people connect Inpixon with Jibestream. Also, the CEO Ali commented about selling the solution to Pentagon in the previous earnings call. While Inpixon has been adopted by the new mall called American Dream developed by Triple Five in New Jersey, are the shoppers still concerned about the safety? Inpixon could build a narrative that demonstrates how Inpixon can offset the cost of the police force. Not sure if something happened in the mall but look at how many police men are standing next to pumpkins and this is how Inpixon can help the police force using GPS tracking technology. Also, Inpixon could use American Dream as a PR story to remind people about the company's brand like Google. Using Inpixon as a indoor Google map like company. Everyone knows Google. Everyone doesn't know Inpixon.
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