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Stock Market & Financial Investment News

News Breaks
April 21, 2014
09:02 EDTSYRXSysorex Global completes acquisition of AirPatrol for $30M
Sysorex Global announced that it has completed the acquisition of AirPatrol for $30M consisting of $10M of common stock, $10M in cash, plus an earn-out of up to $10M in cash and stock based on AirPatrol achieving certain profitability levels. Based in Maple Lawn, Maryland, AirPatrol has 4 U.S. and 11 foreign patent applications pending for its location, security and context awareness systems that can detect and locate smartphones, tablets, laptops and other mobile devices. AirPatrol has become a subsidiary of Sysorex and will retain its management and operations.
News For SYRX From The Last 14 Days
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October 27, 2014
09:02 EDTSYRXSysorex unit announces reseller partner agreements with Seagate,Basho
Lilien Systems, a wholly-owned subsidiary of Sysorex Global (SYRX), announced new strategic reseller partner agreements with Seagate (STX) Technology’s Cloud Systems and Solutions and Basho Technologies to address the emerging and growing market of object storage solutions, which IDC Marketscape estimates to be a $21.7B market by 2017. The company said it believes the combination of technologies and services from Basho, Seagate and Lilien, respectively, form a synergistic foundation for delivering reliable, scalable object storage solutions and services to enterprise customers. Forthcoming object storage solutions resulting from the partnership will target on-premises or private cloud environments for medium to large enterprises.

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