Companies to integrate technologies, deliver asset management and analytics for retail and commercial real estate property managers
PALO ALTO, Calif. and MOUNTAIN VIEW, Calif. – Big data software solutions and infrastructure provider Sysorex (NASDAQ: SYRX), and AMP Technologies, a developer of real estate asset management systems, today announced that they have entered into a global business development agreement. Under the terms of the agreement the companies will integrate their products and jointly pursue selected sales opportunities in the retail and commercial real estate industries.
“Our relationship with AMP Technologies will help maximize the value of the data available to property owners,” said Sysorex CEO Nadir Ali. “Coupling AMP’s industry-leading commercial real estate asset management platform with our AirPatrol retail real estate analytics will let us deliver a unified solution with key insights – from financials to foot traffic – all in one place.”
AMP Technologies offers a cloud-based platform that allows commercial property owners and managers to perform a broad variety of real estate asset management functions including lease administration, tenant management, property analysis and financial and accounting management. Sysorex is the developer of the AirPatrol location-based services platform which allows retail and real estate operators to count foot traffic, analyze customer flow, measure visitor frequency, store performance, and consider a variety of other location analytics based on customer footfall and journey.
“Our partnership with Sysorex will allow us to offer customers a truly 360 degree solution for commercial real estate management,” said Neel Naicker, co-founder and CEO of AMP Technologies. “We believe that the ability to combine the ‘what’ and ‘where’ and ‘how much’ of asset management with the ‘who’, ‘when’ and ‘how often’ of visitor analysis will unlock all sorts of new insights and power data-driven innovations quite unlike any we’ve seen before.”
The Sysorex-AMP Technologies business relationship is effective immediately and the two companies expect to begin demonstrating their integrated solution for customers within the next several weeks.
About AMP Technologies
Headquartered in Mountain View, California, AMP Technologies provides a suite of products and services for commercial real estate asset management. The AMP Technologies Platform is a powerful, yet highly intuitive, platform to monitor and manage individual properties and large portfolios. Its products are built on best-of- breed cloud technology and are designed for the modern enterprise to provide sophisticated business intelligence, collaboration and management tools. With a comprehensive, yet highly intuitive, platform for monitoring and managing individual properties to entire portfolios, AMP provides the key tools needed for every level of management for effective analysis and decision-making. For more information visit AMP Technologies on the web at www.theamp.com.
Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in Palo Alto, California, we have regional offices in North America, South America, Europe and the Middle East. Visit Sysorex.com, follow us @SysorexGlobal and Link up on LinkedIn.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Sysorex and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and employees, the company’s ability to obtain financing, competition, general economic conditions and other factors that are detailed in the company’s periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
Jennifer Sherry, +1 (612) 636-0139
Sysorex Media Relations:
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Sysorex Investor Relations:
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