ShiftPixy Announces Agreement To Acquire A Provider Of Human Capital, Which Has Annual Revenue Run Rate Revenue Of $58M; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy, Inc. has entered into an agreement to acquire a provider of human capital management services, which boasts an annual revenue run rate of $58 million. The financial terms of the acquisition were not disclosed.
March 26, 2024 | 12:02 pm
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ShiftPixy's acquisition of a human capital management service provider with a $58M revenue run rate could significantly enhance its market position and financial performance.
Acquiring a company with a substantial revenue run rate of $58M can significantly impact ShiftPixy's financials and market position. The lack of disclosed financial terms makes the exact impact uncertain, but the acquisition is likely to be viewed positively by investors, given the potential for revenue growth and expansion in services.
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