Everpure acquires 1touch to enhance AI infrastructure and recurring revenue

ca.finance.yahoo.com

Everpure is acquiring data intelligence firm 1touch for $125 million to enhance its AI infrastructure offerings. The deal bolsters Everpure's Evergreen Storage-as-a-Service platform, aiming to increase recurring revenue and solidify its role in AI workloads with its all-flash storage technology. This acquisition diversifies Everpure's business beyond hardware, adding data management capabilities crucial for AI, though integration execution and profitability remain investor concerns.


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Everpure acquires 1touch to enhance AI infrastructure and recurring revenue | News Minimalist