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Inpixon given a shot in the arm by order from Fortune 500 healthcare insurer

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Inpixon (NASDAQ:INPX) soared on Monday as the company, which specializes in harvesting data through electronics sensors, won a big order from a health insurer.

Big, in Inpixon’s terms, is US$2.5mln; last year its revenue was US$53mln, so the US$2.5mln contract from an unnamed Fortune 500 company is worth about 4.7% of last year’s revenues.

The shares shot up 113% to US$3.81 on the order, having touched the US$4 level at one point.

Inpixon will design and deploy a highly modernized infrastructure platform for the customer’s core commercial claims processing application, it told investors.

Inpixon’s solution will help migrate business data from a co-located data center to the customer’s own newly expanded data center.

“Businesses across industries are finding value from Inpixon’s solutions. This is one example of how we are delivering on the promise of our technology solution in a variety of vertical sectors,” said Nadir Ali, chief executive officer of Inpixon.

 

Story by ProactiveInvestors


Source: http://www.proactiveinvestors.com/companies/news/177462/inpixon-given-a-shot-in-the-arm-by-order-from-fortune-500-healthcare-insurer-177462.html


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