Inpixon Wins Multi-Year Contract for Smart Office App for International Banking Organization
Supports European-based Financial Company's Hybrid Return-to-Work Initiative for Employees in More Than 75 Locations with Desk Booking Capabilities Covering More Than 30,000 Workspaces
PALO ALTO, Calif., June 8, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, today announced that its smart office app, acquired in the recent The CXApp acquisition, has been selected by a major European-based commercial and retail banking firm with more than 50,000 employees for implementation across more than 75 locations. The seven-figure contract includes both up-front professional services fees and annual subscription licenses covering a two-year period.
The location-aware app will be custom-branded and configured to fit the customer's requirements for a smart, innovative and connected workplace with safety, productivity and engagement goals at its core. The app will deliver an enhanced work experience for employees regardless of their location, be it working from the office or remote, and will offer desk booking for more than 30,000 desks plus conference room booking, hoteling, indoor navigation, news and event feeds, and employee notifications. The app will integrate Microsoft Active Directory, single sign-on (SSO), surveys, polls and more for a frictionless workplace experience.
"Companies are looking for innovative solutions that promote productivity and deliver superior user experiences while ensuring safety as they support employees returning to work," commented Nadir Ali, CEO of Inpixon. "We are pleased that our award winning mobile app solution, which integrates a wide array of work functions into a single app, was selected by this major retail and commercial bank. We are seeing strong demand for our workplace experience platform and look forward to announcing additional contract awards."
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com.
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 Inpixon 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 economic conditions, the impact of COVID-19 on Inpixon's results of operations, Inpixon's ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
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Released June 8, 2021