ShiftPixy (PIXY) Announces Acquisition of TurboScale
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ShiftPixy, Inc. Announces Acquisition of TurboScale
October 17, 2024 8:00 AM EDTMIAMI--(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 ShiftPixys commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScales advanced AI... More
