ShiftPixy, Inc. Announces Acquisition of TurboScale
Summary
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. Their platform offers cost-efficient, highly configurable virtual machines and private cloud solutions, tailored to meet the diverse needs of enterprises, from small experiments to large-scale AI deployments. “Together, we are set to bring cutting edge workforce management tools and provide innovative, AI-powered solutions to businesses looking to scale.” “TurboScale is extremely excited to partner up with ShiftPixy. The two companies plan to build training and inference infrastructure for vertical AIs that include HR, Sales, Customer Services, and many more,” said Chandler Song, CEO of TurboScale. Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, the Company is alerting investors and other members of the general public that the Company will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube.