M&A Deal Summary

ShiftPixy Acquires TurboScale

On October 17, 2024, ShiftPixy acquired internet software and services company TurboScale for 150M USD

Acquisition Highlights
  • This is ShiftPixy’s 1st transaction in the Internet Software and Services sector.
  • This is ShiftPixy’s largest (disclosed) transaction.
  • This is ShiftPixy’s 1st transaction in the United States.
  • This is ShiftPixy’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-10-17
Target TurboScale
Sector Internet Software and Services
Buyer(s) ShiftPixy
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

TurboScale

Austin, Texas, United States
TurboScale specializes in AI infrastructure solutions, offering GPU-powered cloud services for AI model training and deployment. With a focus on scalability, efficiency, and cost-effectiveness, TurboScale empowers businesses to harness the full potential of AI technology, from development to deployment​. TurboScale is based in Austin, Texas.

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Buyer(S) 1

Buyer

ShiftPixy

Miami, Florida, United States
Category Company
Founded 2015
Sector Staffing
Employees32
Revenue 36M USD (2022)
DESCRIPTION

ShiftPixy is a human capital services enterprise, delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. ShiftPixy was incorporated in 2015 and is based in Miami, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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