ShiftPixy Announces Execution Of Its Second Asset Purchase Agreement To Acquire A Provider Of Human Capital To Several Key Industrial Clients Across Western U.S.
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy, Inc. (NASDAQ:PIXY), a Florida-based human capital enterprise, announced its second asset purchase agreement to acquire a leading provider of human capital in the Western U.S. The acquired company, a market leader in recruitment, staffing, and HR solutions, boasts annual revenues over $50 million and a portfolio of 100 blue chip customers. This acquisition is part of ShiftPixy's strategy to expand its national market presence and leverage its technology in the Gig Economy.
April 02, 2024 | 12:23 pm
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ShiftPixy's acquisition of a leading human capital provider in the Western U.S. is expected to significantly enhance its market presence and revenue, aligning with its growth and technology leverage goals in the Gig Economy.
The acquisition of a company with over $50 million in annual revenue and a strong customer base of 100 blue chip clients significantly boosts ShiftPixy's market presence and financial strength. This move aligns with the company's strategic goals for accelerated growth and national expansion, potentially leading to increased investor confidence and a positive impact on its stock price in the short term.
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