Quick Take
Inpixon (INPX) announced it has agreed to acquire Jibestream for an undisclosed amount.
Jibestream operates as an indoor mapping and location technology provider.
INPX is executing on an M&A strategy to build an indoor mapping and location platform. Given the wild ride the stock has been on over the past few years, prospective investors should proceed with extreme caution.
Target Company
Toronto, Canada-based Jibestream was founded in 2009 to enable developers with the means to create ‘tailored map-enabled web and mobile applications while having centralized management of all associated data.’
Management