Locality’s location intelligence technology to further strengthen Inpixon’s sensor fusion initiative
Inpixon, a leading indoor positioning, and data analytics company, announced it has signed a non-binding term sheet to acquire Locality Systems Inc., specializing in wireless device positioning and radio frequency augmentation of video surveillance systems. The acquisition is expected to be accretive and is anticipated to have a purchase price consisting of a combination of cash and equity.
Locality Systems’ Wi-Fi positioning system technologies deliver advanced visitor analytics, and the company’s video management system (VMS) integration technologies enhance traditional security video feeds by overlaying wireless device detection and tracking. The VMS integration, currently available for a number of leading VMS vendors, enables security personnel to identify potential suspects, and to track their movements cross-camera and even from one facility to another.
Nadir Ali, CEO of Inpixon, stated, “We’re excited at the prospect of combining Locality Systems within the Inpixon family. Locality’s visitor information solution fits nicely into our IPA Intelligence line-up as a Wi-Fi-only offering that complements our IPA Sensors. Its enhanced video surveillance solution combines strategically with our sensor fusion and video integration product enhancement initiatives to deliver a powerful Security Dome product.”
Kirk Moir, CEO of Locality Systems stated, “I believe Inpixon will be a great home for our location intelligence technology. I believe we will be one of very few companies, in a global $36 billion video surveillance market, to offer Wi-Fi, Bluetooth and cellular detection integrated with deployed video security platforms. I anticipate our current and prospective location intelligence partners will be able to use these new capabilities to differentiate their offerings and to solve some tough problems that can only be addressed by going beyond standalone and Wi-Fi-only detection.”