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Bullboard - Stock Discussion Forum ShiftPixy Inc PIXY

Industrials
ShiftPixy, Inc. is a specialized human capital service provider that provides solutions for contingent part-time workforce demands, primarily in the light industrial, restaurant and hospitality service trades. It provides payroll and related employment tax processing, human resources, employment compliance, insurance related, and operational employment services solutions for its business... see more

NDAQ:PIXY - Post Discussion

ShiftPixy Inc > PIXY....early a.m runner up huge on News Released
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Post by Iseneschal on Oct 17, 2024 8:37am

PIXY....early a.m runner up huge on News Released

 

ShiftPixy, Inc. Announces Acquisition of TurboScale

 

2024-10-17 05:00 ET - News Release

 


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.

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