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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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July 1, 2015
09:03 EDTSYRXSysorex announces $2.5M AirPatrol contract
Sysorex announced that its AirPatrol mobile device locationing and analytics system has been chosen as the worker locationing and asset management platform to be used in a new community under development in the State of Qatar to house workers on the countryís infrastructure projects ahead of the nationís hosting of the 2022 FIFA World Cup. The total value of the contract to Sysorex is estimated at approximately $2.5M. The project is led by Doha, Qatar-based developer Daruna Development. It plans to design, build and operate a turn-key community that will include living accommodations, recreation, healthcare and retail facilities for 6,500 workers south of Doha, Qatar. Construction is slated to begin in mid-July and be ready for workers to begin moving in in February of 2016. To assist in the running of the new community, Daruna has engaged a Sysorex partner, Networked Solutions Limited, to install and operate a state-of-the-art integrated IT based human capital management solution to keep its many operations running smoothly. The solution includes networking the community with more than 1,000 of Sysorexís AirPatrol sensors to provide location-based services and security as well as insight into how residents flow through the community, which facilities are most popular, and where improvements can be made.

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