ShiftPixy, Inc. Announces Acquisition of TurboScale
ShiftPixy, Inc. (PIXY)
Last shiftpixy, inc. earnings: 1/21 04:21 pm
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US:NASDAQ Investor Relations:
ir.shiftpixy.com/investor-relations
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Source: Business Wire
MIAMI--(BUSINESS WIRE)--ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced its acquisition of TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, in a $150 million transaction. The deal, which was structured with $75 million in stock and $75 million in debt underscores ShiftPixy’s commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale’s advanced AI solutions.TurboScale provides GPU-accelerated infrastructure, enabling businesses to deploy and scale AI models effortlessly. Their platform offers cost-efficient, highly configurable virtual machines and private cloud solutions, tailored to meet the diverse needs of enterprises, fr
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News
- ShiftPixy jumps 25% on TurboScale acquisition for $150M [Seeking Alpha]Seeking Alpha
- ShiftPixy, Inc. Announces Signed LOI to Acquire TurboScale [Yahoo! Finance]Yahoo! Finance
- ShiftPixy, Inc. Announces Signed LOI to Acquire TurboScaleBusiness Wire
- ShiftPixy's Big AI Move: Supercharges Workforce Management With $150M TurboScale Deal [Yahoo! Finance]Yahoo! Finance
- ShiftPixy acquires TurboScale in $150M deal [Seeking Alpha]Seeking Alpha
PIXY
Sec Filings
- 10/28/24 - Form 8-K
- 10/22/24 - Form 8-K
- 10/18/24 - Form 8-K
- PIXY's page on the SEC website