Indoor mapping and location technology provider Jibestream – one of Geoawesomeness’ 2019 Top Geospatial Companies and Startups – is being acquired by indoor positioning analytics company Inpixon for an undisclosed sum. With this acquisition, California-based Inpixon gets one step closer to becoming a global leader for indoor data, providing a single-window solution for both indoor positioning and analytics.
Jibestream’s full-featured geospatial platform integrates business data with high-fidelity indoor maps to create smart indoor spaces. The Toronto-headquartered company’s solutions power indoor navigation in famous landmarks like Mall of America, The Pentagon, San Francisco International Airport, and Mall of the Emirates.
By acquiring Jibestream’s mapping prowess and technologies, Inpixon will enhance its capabilities and strengthen its global partner network significantly. The company has, in fact, been on an acquisition spree of late, expanding its portfolio with cutting-edge technologies. Earlier this month, Inpixon bought a broad range of GPS technologies from GTX Corp with an aim to bridge the gap between indoor and outdoor positioning. In May 2019, Inpixon scooped up Locality Systems, a company specializing in wireless device positioning and radio frequency (RF) augmentation of video surveillance systems.
Inpixon’s ultimate goal is to ingest data from various third-party Internet of Things (IoT) devices and databases, in addition to its own proprietary sensors, and add value to areas like marketing, customer experience, operations, and security for a wide range of industries.
According to Inpixon CEO Nadir Ali, “Inpixon will give each user a unique view of their indoor data – from wayfinding, visitor analytics and marketing campaigns to video camera integration and cybersecurity threat detection. Inpixon’s analytics engine and artificial intelligence will continue to anonymize devices, ensuring privacy and security, as we deliver on our mission to do good with indoor data.”
Jibestream CEO Chris Wiegand, meanwhile, is happy to become part of a larger organization where it can leverage more breadth and depth of resources. “Bringing Jibestream and Inpixon together is a winning combination that will be unprecedented in the market. Combined, we will have a unique and powerful portfolio with the potential to further our commitment to making the indoor world digitally addressable changing the way people live, work and play indoors,” he sums up.