SYRX Profile
Sysorex Global Holding Corp is a publicly-traded company that provides business solutions and data analytics services. The company operates in three main segments: Big Data, Secure Technologies, and Professional Services. Sysorex’s Big Data segment is focused on data analytics and technology services to help clients manage and analyze large data sets. The Secure Technologies segment provides security solutions to help clients secure their digital assets. The Professional Services segment provides technology consulting and staffing services to a variety of industries.
Sysorex serves clients in various industries, including government, healthcare, financial services, and retail. The company was founded in 1988 and is headquartered in Santa Clara, California.
Sysorex has been expanding its operations through strategic acquisitions and partnerships. In 2017, the company announced a merger with AI-driven analytics company, Intellidyne. This acquisition enabled Sysorex to provide advanced analytics solutions to government clients. In addition, the company has also partnered with leading technology providers, including Microsoft, IBM, and Amazon Web Services, to deliver its data analytics and security solutions.
In recent years, Sysorex has reported a decline in revenue and net income. The company’s revenue decreased from $53.8 million in 2017 to $38.1 million in 2020. Sysorex reported a net loss of $16.6 million in 2020, compared to a net loss of $11.6 million in 2017. The company has attributed the decline to the impact of the COVID-19 pandemic and the loss of certain contracts.
Despite these challenges, Sysorex is optimistic about its growth prospects. The company has continued to invest in its technology solutions and has expanded its product offerings to include new security and data analytics services. Sysorex is also focused on expanding its customer base, particularly in the government and healthcare sectors.
In conclusion, Sysorex Global Holding Corp is a data analytics and security solutions provider that operates in various industries. The company has been expanding its operations through strategic acquisitions and partnerships, although it has reported declining revenue and net income in recent years. Nevertheless, Sysorex is optimistic about its growth prospects and is focused on expanding its customer base and product offerings.
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