SANTA CLARA, Calif., September 03, 2013 – Inpixon Global Holdings Corp. (SYRX.PK US), a leading information technology solutions and services company, today announced it has acquired Los Angeles, CA- based Shoom Inc., a leading provider of cloud based data analytics and enterprise solutions to the Media, Publishing and Entertainment industries for 2,762,000 Inpixon Common Shares of Stock and $2,500,000 in cash funded by working capital from Shoom’s operations. Under the terms of the transaction, Shoom will become an operating subsidiary of Inpixon Global Holdings Corp., retaining existing management and operations.
Shoom specializes in providing comprehensive and integrated internet/intranet based information services and electronic delivery systems to its expanding client base around the world. Shoom liberates publishers and advertisers from cumbersome legacy and hard-copy systems with software as a service (SaaS) products including eTearSheets, eInvoice, Ad Delivery and ePaper electronic publication solutions while generating critical data analytics for its customers. The acquisition represents another milestone, which validates Inpixon’s strategy of acquiring a portfolio of complementary IP/Technology based companies. Shoom expands Inpixon’s depth of enterprise service offerings with powerful cloud–based solutions. Shoom’s customers can now take advantage of Lilien’s (another Inpixon company) Big Data Scientists and advanced analytics; Inpixon and Lilien will leverage Shoom’s talent pool of expert cloud solution engineers.
“The acquisition of Shoom is a win-win, all the way around,” said Nadir Ali, CEO of Inpixon Global Holdings Corp.” We are excited to enhance our collective capabilities and leverage the synergies that our acquisition strategy is producing for all of our companies. Our strength grows exponentially with each addition and we intend to continue creating shareholder value through accretive acquisitions,” he continued.
“We are very pleased to join the Inpixon Company and add our complementary offerings to their impressive capabilities,” said Bill Freschi, CEO of Shoom. “The synergies that this union offers will provide us with expanded opportunities and increased market reach. We are delighted to become part of such a dynamic and progressive group of companies and look forward to a new collective strength.”
About Inpixon Global Holdings Corp.
With over 30 years of operating history, Inpixon, and its predecessor company, have delivered over $5B in value to our clients. Through focused, custom technology solutions, we provide cyber security, data analytics, custom application development, cloud solutions, Mobile/BYOD solutions and strategic outsourcing to government and commercial clients in major industries around the world. From identifying security risks to helping clients realize value from their Big Data strategies, Inpixon has the experience, technology, partners, and agility to be your Trusted IT Partner. Visit inpixon.com, follow @Inpixon and Like us on Facebook.
About Shoom Inc.
Founded in 1995, Shoom provides revolutionary cloud based data analytics and enterprise solutions to the Media, Publishing and Entertainment industries including eTearSheets, eInvoice, Ad Delivery and ePaper electronic newspaper editions, delivering the largest industry-wide networked cloud-based Internet solutions on the market.
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