Inpixon Global Holdings Acquires Shoom Inc., A Leading Provider Of Cloud Based Data Analytics & Enterprise Solutions

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.

Forward-Looking Statements

This press release may contain forward-looking statements, particularly as related to, among other things, the business plans of Inpixon (the Company), statements relating to goals, plans and projections regarding the Company’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think,” “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company’s expectations and estimates.
For more information, contact:

Inpixon Investor Relations Contact:
Scott Gordon
President
CorProminence LLC
377 Oak Street
Concourse 2
Garden City, NY 11530
+1-631-703-4900
www.corprominence.com

By |2017-04-27T03:16:14+00:00September 4th, 2013|Categories: News|

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