Coverage of Sysorex and its products in 3rd party media
Effects Reverse Stock Split and Name Change to Inpixon
PALO ALTO, CA, – February 28, 2017 – Sysorex (NASDAQ: SYRX), the indoor positioning and data analytics company, today announced that it has received written notification that the Nasdaq Hearings Panel (the “Panel”) has granted the Company’s request for continued listing on the Nasdaq Capital Market, subject to certain conditions including that, no later than March 15, 2017, Sysorex effect a reverse split of its common stock and evidence a closing bid price of $1.00 per share or more for a minimum of ten consecutive trading days.
In connection with satisfying the Panel’s condition for continued listing, the Company’s Board of Directors has approved a reverse stock split of the Company’s common stock whereby every 15 shares of common stock will automatically be combined into one share of common stock. The reverse split was approved by the Company’s shareholders on November 8, 2016 and will be effective as of the commencement of trading on March 1, 2017.
Sysorex also announced today that, effective as of March 1, 2017, the Company will change its name to Inpixon and its trading symbol from “SYRX” to “INPX.” The Company’s common stock will begin trading on The Nasdaq Capital Market (“Nasdaq”) under its new name and trading symbol effective at the market opening on March 1, 2017.
Sysorex (NASDAQ: SYRX) is a […]
Recognized for cutting edge approaches to delivering managed services
PALO ALTO, Calif., February 23, 2017 – Sysorex (NASDAQ: SYRX), the indoor positioning and data analytics company, today announced that CRN®, a brand of The Channel Company, has named Sysorex to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize return on IT investments.
In today’s fast-paced business environments, MSPs play an important role in helping companies leverage new technologies without straining their budgets or losing focus on their core business. CRN’s MSP 500 list shines a light on the most forward-thinking and innovative of these key organizations. The list is divided into three categories: the MSP Pioneer 250, recognizing companies with business models weighted toward managed services and largely focused on the SMB market; the MSP Elite 150, recognizing large, data center-focused MSPs with a strong mix of on-premise and off-premise services; and the Managed Security 100, recognizing MSPs focused primarily on off-premise, cloud-based security services.
“We are pleased to once again be recognized for our dedication to education and training. Our Professional Services Group has years of experience working with leading technologies […]
PALO ALTO, Calif., January 17, 2017 – Sysorex (NASDAQ: SYRX), the indoor positioning and data analytics company, today announced that Soumya Das has joined the company as Chief Marketing Officer. Based in Palo Alto, Das will lead Sysorex’s global marketing organization, with a focus on building the company’s brand and introducing Sysorex’s products to a growing customer base.
“Das brings transformational business expertise and marketing leadership to Sysorex,” said Nadir Ali, CEO of Sysorex. “He has served as CMO for pioneering private and public technology companies where he introduced disruptive ideas that have transformed the marketplace. We have similar ambitions for Sysorex, and believe that Das’ marketing leadership will help the company accelerate its efforts to be an industry leader in Indoor Positioning and Analytics. We are delighted to welcome his energy and innovation to Sysorex to help stimulate demand and drive revenue growth.”
“According to MarketsandMarkets, Indoor Positioning will be a $23 billion market by 2021. Most leading organizations across the industry, including retail, healthcare, finance, transportation, law enforcement and government agencies, have an Internet of Things (IoT) initiative to secure and enrich its premises,” said Das. “I am thrilled to be joining Nadir and the Sysorex team to help businesses and governments create an indoor environment that will be safe, secure, and transformative. Sysorex is the only known technology company that can locate 100% of […]
PALO ALTO, Calif. – Sysorex (NASDAQ: SYRX) (the “Company”), a developer of high performance analytics software and solutions, today announced that it has entered into definitive agreements with institutional investors for an offering of shares of common stock with gross proceeds of approximately $2.0 million in a registered direct offering. The closing of the offering is expected to take place on or about December 15, 2016, subject to the satisfaction of customary closing conditions.
In connection with the offering, the Company will issue approximately 5 million registered shares of common stock at a purchase price of $0.40 per share. Concurrently in a private placement, the Company will issue approximately 3,750,000 million warrants. For each share of common stock purchased by an investor, such investor will receive from the Company an unregistered warrant to purchase three-quarters of a share of common stock. The warrants have an exercise price of 0.45 per share, will be exercisable upon the 6 month anniversary of the issue date, and will expire five and a half years from the original issue date.
Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, is acting as the exclusive placement agent in connection with this offering.
The Company intends to use the net proceeds from the offering for general corporate purposes, which may include business development activities, capital expenditures, working capital and general and administrative expenses.
The shares […]
PALO ALTO, Calif., November 29, 2016 – Sysorex (NASDAQ: SYRX), a developer of high performance analytics software and solutions, is pleased to announce that it has completed the acquisition of certain assets of Integrio Technologies, an IT integration and engineering company providing cutting-edge solutions for federal, state and local government agencies, subject to novation of certain state and federal government contracts. “We are pleased to welcome the Integrio team to the Sysorex family. As represented by Integrio and reported by Sysorex, on a consolidated proforma basis for the trailing twelve-month period Sysorex and Integrio would have had revenue of over $100 million,”* stated Sysorex CEO, Nadir Ali. “This acquisition is a vital piece of our overall strategy to strengthen our Government relationships and open opportunities to introduce security and intelligence solutions with AirPatrol and LightMiner,” stated Sysorex CEO, Nadir Ali.
The Integrio asset purchase is a significant addition to our Professional Services and Government VAR business segments which:
- Strengthens our Storage and Computing and Professional Services offerings for key Integrio government customers including FBI ITAP; Bureau of Prisons; U.S. Army ADMC2; Department of Justice ITSS and other federal government contracts.
- Strategically addresses an ongoing VAR industry imbalance with a broader capability in network performance, secure wireless infrastructure, software application lifecycle support, and physical cyber security that continues to show measured growth.
- Enables Sysorex to derive smoother […]
PALO ALTO, Calif., November 29, 2016– Sysorex (NASDAQ: SYRX), a developer of high performance analytics software and solutions, today announced that it will be a featured presenter at the 9th annual LD Micro Main Event Conference. Sysorex CEO, Nadir Ali, will present the Company’s business model and growth strategies on Tuesday, December 6, 2016 at 2:00PM PDT, in Track 3 at the Luxe Sunset Hotel in Los Angeles, CA.
Management will be available on Tuesday, December 6 and Wednesday, December 7, 2016 for one-on-one meetings. To schedule a meeting, please contact your LD Micro representative or firstname.lastname@example.org.
About LD Micro
The LD Micro Main Event takes place December 6-8, 2016 at the Luxe Sunset Hotel in Los Angeles, CA. For more information about the conference or to schedule a meeting with Sysorex management please contact David Scher at email@example.com or visit www.ldmicro.com/events. The LD Micro Main Event is the largest independent conference for small/microcap companies and will feature 240 presenting names. LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector.
Sysorex develops the […]
PALO ALTO, Calif. — Sysorex (NASDAQ: SYRX), a developer of high performance analytics software and solutions, today reported financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Financial Highlights:
- 2016 Q3 revenue of $11.2 million
- 2016 Q3 gross margin of 28%
- 2016 Q3 GAAP net loss of $0.18 per share
- 2016 Q3 GAAP net loss of $4.7 million
- 2016 Q3 Proforma Non-GAAP net loss1 of $0.13 per share
- 2016 Q3 Non-GAAP Adjusted EBITDA1 loss of $2.4 million
“Our Storage & Computing segment continued to see softening in the third quarter due to the challenges facing the VAR industry, especially with private sector customers. I will discuss on our earnings call today the two strategies we are implementing to address these challenges. First of course is our move to increase our value proposition to our customers by owning our proprietary technologies such as AirPatrol and LightMiner. Our second approach is to counter the VAR trends in the private sector by growing our VAR business in the public sector. I have stated this many times in the past and we started on this effort as evidenced by the recent government contract wins. We believe the announcement today of the planned asset acquisition of Integrio will allow us to address this challenge aggressively. As represented by Integrio, it has […]
Accretive Acquisition Expected to Expand Sysorex’ Customer Base
PALO ALTO, Calif. — Sysorex (NASDAQ: SYRX), a developer of high performance analytics software and solutions, today announced it has signed a definitive Asset Purchase Agreement to acquire certain assets of Integrio Technologies Inc. (Integrio). The total purchase price for the assets will consist of $1.8 million in cash, 530,000 shares of Sysorex common stock, the assumption by Sysorex of approximately $3 million in net liabilities and up to $1.2 million in earn-out payments to be paid over three years. The completion of the asset purchase is subject to customary closing conditions.
Integrio, an SBA-designated small business headquartered in Herndon, VA, is an IT integration and engineering company with approximately 40 employees and a 20 plus year track record of providing cutting-edge solutions for network performance, secure wireless infrastructure, software application lifecycle support, and physical cyber security, supporting the missions of federal, state and local government agencies.
“We believe that the purchase of Integrio’s federal government contracts including FBI ITAP; Bureau of Prisons; U.S. Army ADMC2; Department of Justice ITSS; and others will enhance Sysorex’s Storage and Computing and Professional Services business segment offerings for key government customers,” explained Sysorex CEO, Nadir Ali. “We believe it also provides additional opportunities for Sysorex to sell its AirPatrol and LightMiner products to Integrio’s customer base.”
“We are very pleased to welcome […]
PALO ALTO, Calif. – Sysorex (NASDAQ: SYRX), a developer of high-performance analytics software and solutions, today announced it will be a featured presenter at the Aegis Capital Growth Conference, being held September 20-22, 2016 at the Encore at Wynn in Las Vegas, NV. Nadir Ali, CEO will present the Company’s business model and growth strategies on Wednesday, September 21, 2016 at 4:00PM, PDT, in Room 2 and will be available for one-on-one meetings throughout the conference.
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 www.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 […]