Indoor intelligence firm Inpixon (NASDAQ:INPX) emerged as a notable gainer yesterday after the company made a key announcement. On Tuesday, Inpixon announced that Aruba’s Atmosphere Digital 2020 Conference was powered by Inpixon’s CXApp event platform.
That was a major milestone for the company considering the fact that the event was bestowed with the top honour at that EXHIBITOR Magazine’s 2021 Corporate Event Awards. As a result, it perhaps came as no surprise that the Inpixon stock went up by as much as 6% on Tuesday on the back of the announcement from the company.
The corporate event awards are meant for recognising brilliance in the field of event marketing methodologies and execution. Aruba, which is a unit of tech giant Hewlett Packard, took home the top honour as a result of the event that it had hosted.
However, considering the fact that the event had been hosted on the CXApp event platform makes it a major source of pride for Inpixon as well and it seems that investors have also recognised the importance of the development. It now remains to be seen if the award leads to more popularity for the CXApp among companies which are looking to host corporate events.