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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 6, 2015
09:05 EDTSYRXSysorex signs $91M contract in Qatar
Sysorex announced that it has signed a $91M contract to make its software and information systems the central nervous system for a new state-of-the-art "smart" community being developed to house 4,000 employees working on construction projects in the State of Qatar. Under the terms of the 15-year contract, Sysorex will operate as the community's intelligent infrastructure providing a full range of services including information technology, AirPatrol location-based security products, data analytics, cashless payment systems, campus-wide WiFi and Internet-based TV, facilities management and public safety management for police, fire and medical personnel. In July 2015, Sysorex announced an initial $2.5M contract with Daruna to use AirPatrol as a security and asset management platform. This new contract expands that arrangement, extending Sysorex's involvement onto nearly every aspect of the community's management and operation. The 15-year contract is expected to start in the second quarter of 2016. Sysorex will receive approximately $6.1M per year.
October 5, 2015
10:00 EDTSYRXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Amec Foster Wheeler (AMFW) initiated with an Underperform at Jefferies... Houghton Mifflin (HMHC) initiated with an Outperform at Wells Fargo... Moody's (MCO) initiated with a Buy at Argus... SPX FLOW (FLOW) initiated with a Buy at Stifel... Subsea 7 (SUBCY) initiated with an Underperform at Jefferies... Sysorex Global (SYRX) initiated with a Buy at B. Riley... Technip (TKPPY) initiated with a Buy at Jefferies.
06:47 EDTSYRXSysorex Global initiated with a Buy at B. Riley
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September 25, 2015
09:49 EDTSYRXSysorex Global 5.25M share Spot Secondary priced at $1.00
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06:29 EDTSYRXSysorex Global files to sell common stock, no amount given
Sysorex expects to use the net proceeds from this offering for general corporate purposes, which may include business development activities, capital expenditures, working capital and general and administrative expenses. B. Riley & Co., LLC is acting as lead book-running manager in the offering. Craig-Hallum Capital Group LLC is acting as co-manager in the offering.

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