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Nixxy, Inc. (NASDAQ:NIXX), a technology company developing and providing AI-powered business services, today announced it has acquired the EDGE data center assets of Everythink Innovations Limited, ("EIL") a telecom and edge infrastructure provider with existing operations in Freemont, CA and Vancouver, Canada. This strategic acquisition accelerates Nixxy's rollout of its AI data infrastructure layer and provides immediate revenue scale and infrastructure capacity aligned with communications, AI, and data monetization applications by securing its own facilities and its ability to host its AI applications.
The transaction, valued at $3.65 million in cash and stock, includes the acquisition of EIL's infrastructure and telecom assets, which includes more than $48 million in contracted annual recurring revenue ("ARR") from wholesale data, VPN, and interconnect services, which will immediately add to Nixxy's July's $7.5mm and factor into August's projected $10mm revenue base.
Posted In: NIXX
