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Flex Expands Prefabricated Modular Data Center Portfolio to Accelerate AI Factory Deployment

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Integrated solutions combine power, compute and cooling to speed deployment by up to 50%

News summary

Introduces AI Modules that integrate power, compute and cooling in prefabricated modular solutions to accelerate AI factory deployment by up to 50%Enables faster deployment of next-generation AI infrastructure through factory-built, integrated systemsStrengthens Flex’s Cloud and Power Infrastructure portfolio, which Flex plans to separate into Axiom Solutions International, Inc. (Axiom), in the first quarter of calendar 2027

SAN JOSE, Calif., Oct. 12, 2026 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced an expanded portfolio of prefabricated modular data center solutions designed to accelerate deployment of next-generation AI factories. The portfolio includes new AI Modules that integrate power, high-density compute and advanced liquid cooling into pre-engineered, factory-built systems, enabling customers to reduce deployment timelines by up to 50% compared with traditional construction approaches.

The expanded portfolio is part of Flex’s Cloud and Power Infrastructure (CPI) segment, which Flex plans to separate into Axiom, an independent publicly traded company, in the first quarter of calendar 2027.

“Meeting the demands of AI infrastructure at scale requires more than incremental improvements. It requires rethinking how power, compute and cooling work together as a system,” said Chris Butler, expected Chief Technology and Strategy Officer at Axiom. “Our system-level approach brings these critical technologies together with advanced manufacturing to simplify integration, accelerate deployment and deliver AI factories at scale.”

As AI infrastructure grows in scale and power density, data center operators face increasing complexity across power delivery, cooling, compute integration and deployment. Addressing these challenges requires a more integrated approach to designing and deploying the critical infrastructure that supports next-generation AI factories.

The Axiom AI Modules integrate critical AI infrastructure into pre-engineered, factory-built systems, including:

800 VDC Power Rack: Delivers high-efficiency power conversion and distribution for next-generation 800 VDC AI infrastructure and high-density compute.Advanced cooling distribution units (CDUs): Provide liquid cooling to efficiently manage the increasing heat generated by power-intensive AI workloads.High-density IT racks: Integrate AI servers, networking and high-speed interconnects to support next-generation AI compute at scale.

By shifting complex infrastructure integration from the data center site to a controlled factory environment, the Axiom AI Modules are assembled, integrated and tested in parallel with site development. This approach reduces on-site complexity and helps customers bring AI capacity online faster.

Flex is actively building prefabricated modular solutions for hyperscalers across its global footprint, including more than three million square feet of dedicated data center infrastructure manufacturing capacity in the U.S. With deep expertise across power, compute, cooling and systems integration, Flex has the scale and capabilities to support rapid AI infrastructure deployment across regions.

To learn more about the Axiom AI Modules, visit: https://flex.com/resources/accelerate-ai-factory-deployment-with-axiom-ai-modules 

Media contacts

Media & Press 
press@flex.com  

Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex Ltd.’s (“Flex”) resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management’s attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Important Information and Where to Find It

In connection with the proposed spin-off, Flex has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026. The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals. In addition, a registration statement on Form 10 (the “Form 10”) has been filed with the SEC by Axiom Solutions International, Inc. (“Axiom”) with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or Axiom. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND AXIOM WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, AXIOM, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that have been or will be filed by each of Flex and Axiom with the SEC on the SEC’s website at http://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.

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SOURCE Flex

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PayJoy to Acquire Strategic Assets of Finia AI, Advancing AI Underwriting and Financial Product Innovation

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36 minutes ago

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October 12, 2026

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Transaction brings Finia’s technology and experience serving micro-businesses to PayJoy’s global platform

SAN FRANCISCO, Oct. 12, 2026 /PRNewswire/ — PayJoy, a leading financial services provider for underserved consumers across emerging markets, today announced the acquisition of select strategic assets of Finia AI, Inc., a fintech company that developed AI-powered underwriting and financial products for micro-businesses in Mexico.

The transaction will enable PayJoy to apply Finia’s technology and expertise to its global platform, strengthening its underwriting capabilities and expanding its financial product offering for customers with limited access to formal credit.

PayJoy has reached more than 20 million customers across nine countries in Latin America, Africa, and Asia through innovative financial products including digitally secured smartphone financing, credit lines, and the PayJoy Card. This acquisition brings technology developed specifically for the needs of small and informal businesses to a platform with the scale and reach to extend those innovations across global markets.

Finia built its AI underwriting capabilities to serve micro-businesses with limited financial data and owners with little or no formal credit history. The venture-backed fintech developed new ways to assess creditworthiness and applied them to offer financial products including credit cards and installment loans.

“I’m excited about the path ahead with PayJoy,” said Uri Pomerantz, founder and CEO of Finia AI. “We’ve spent years building AI underwriting and financial products to serve micro-businesses in Latin America that traditional lenders too often overlook. PayJoy’s global reach creates an opportunity to scale our technology and everything we’ve learned alongside one of the strongest teams in fintech. We share a commitment to improving customers’ financial well-being, and this transaction opens a new chapter in that work.”

“Finia has developed valuable technology and deep insights that can help address one of the fundamental challenges in financial inclusion: how to assess creditworthiness when traditional financial data is limited,” said Jose Luis Gonzalez, Head of Growth for PayJoy Mexico. “Bringing these capabilities to PayJoy will strengthen our platform, enhance how we assess risk, and broaden our product offerings. We see a meaningful opportunity to extend the impact of Finia’s work across the markets we serve.”

PayJoy and Finia AI are also partnering to help eligible Finia customers access PayJoy’s loans and other financial products. Interested customers can apply at https://go.payjoy.com/finia_leads, subject to PayJoy’s eligibility requirements and approval.

About Finia AI

Finia AI, Inc. develops AI-powered underwriting and financial products designed to expand access to credit for micro-businesses. The company has served tens of thousands of micro-businesses across Mexico, including small and informal businesses, through credit cards and installment loans tailored to their needs. Finia AI’s investors include Deciens Capital, Precursor Ventures, and Clocktower Technology Ventures, alongside venture funds and angel investors across the United States and Mexico.

About PayJoy

PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans with over 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/.

Media contact: payjoy@thekeypr.com

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SOURCE PayJoy

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THAT Agency Named to the 2026 Inc. 5000 List of America’s Fastest-Growing Private Companies

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36 minutes ago

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October 12, 2026

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The West Palm Beach and Colorado Springs digital marketing agency returns to the list for the second time, with 27% three-year revenue growth driven by revenue-focused marketing systems.

WEST PALM BEACH, Fla., Oct. 12, 2026 /PRNewswire-PRWeb/ — THAT Agency, a digital marketing agency with offices in West Palm Beach, Florida, and Colorado Springs, Colorado, has been named to the 2026 Inc. 5000, Inc.’s annual ranking of the fastest-growing private companies in the United States. Recognized in the Advertising, Marketing & PR category, THAT Agency posted three-year revenue growth of 27%. It is the agency’s second appearance on the list, following its first in 2019.

“Making this list in 2019 was a milestone. Making it again in 2026 tells us the growth was built to last.” Bill Teubner, CEO, THAT Agency

The Inc. 5000 recognizes independent, privately held companies based on percentage revenue growth over a three-year period.

Founded in 2004, THAT Agency works with business owners and executives to build marketing systems tied to pipeline and revenue across SEO, AI search optimization (AEO/GEO), paid advertising, content marketing, social media, and email marketing. Over the past three years, the agency has expanded its AI search optimization practice, grown its Colorado Springs office and increased team size and efficiency.

“Inc. measures growth by the numbers, and so do our clients,” said Bill Teubner, CEO of THAT Agency. “Every engagement starts with a simple question: what does this need to do for the business? Making this list in 2019 was a milestone. Making it again in 2026 tells us the growth was built to last. It came from clients who could see their marketing working in their pipeline and kept investing in it. This recognition belongs to them, and to the team that delivers for them every day.”

“The marketing landscape has changed more in the last three years than in the decade before it,” said Michelle Teubner, President of THAT Agency. “AI search, rising media costs, and tighter budgets raised the bar for accountability. We built our team and our reporting around that reality. Being named to the Inc. 5000 tells us the approach is working, for our clients first and for us as a result.”

About THAT Agency

Founded in 2004, THAT Agency is a digital marketing agency headquartered in West Palm Beach, Florida, with an office in Colorado Springs, Colorado. A two-time Inc. 5000 honoree (2019 and 2026), THAT Agency helps growth-focused businesses generate qualified pipeline and measurable revenue through SEO, AI search optimization, paid advertising, content marketing, social media, and email marketing. Learn more at thatagency.com.

Media Contact

Michelle Teubner, THAT Agency, 1 (561) 832-6262 110, mteubner@thatagency.com, https://thatagency.com

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TEAM IM Names Scott Olesen Chief Executive Officer and Jon Chartrand Chief Operating Officer

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36 minutes ago

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October 12, 2026

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Leadership transition positions the 25-year enterprise content management firm for growth as organizations prepare for the AI era.

OAKDALE, Minn., Oct. 12, 2026 /PRNewswire-PRWeb/ — Team Informatics, Inc. (“TEAM IM”), an Enterprise Content Management and AI context solutions provider, today announced changes to its executive leadership. Scott Olesen has been named Chief Executive Officer, and Jon Chartrand has been named Chief Operating Officer. Tami Balfanz continues as Chief Financial Officer. Together, the three form TEAM IM’s executive leadership team.

“AI is changing how every business operates, and that makes content management more important than ever, because business AI requires business context.”

Olesen, who joined TEAM IM in 2004, succeeds Doug Thompson, who has stepped down as CEO. Thompson remains TEAM IM’s majority owner and a member of its Board of Directors, where he will continue to guide the company’s long-term direction.

“I’m honored to lead TEAM IM into its next chapter,” said Scott Olesen, Chief Executive Officer of TEAM IM. “AI is changing how every business operates, and that makes content management more important than ever, because business AI requires business context. For 25 years, TEAM IM has helped organizations organize, govern and use their information. Together with our partners M-Files, Oracle and ABBYY, we’re positioned to help our customers put that information to work and thrive in what comes next.”

As Chief Operating Officer, Chartrand leads TEAM IM’s operations, marketing, product and strategy. He has been with the company for 15 years.

“Our customers are asking how to make AI work with their real business information, and that’s exactly what we’ve always done,” said Jon Chartrand, Chief Operating Officer of TEAM IM. “I’m excited to keep building those capabilities with our customers and to grow our partnerships with outstanding partners like M-Files.”

“Leading TEAM IM has been one of the great privileges of my life,” said Doug Thompson. “I’m proud of what this company has become, and I look forward to supporting its next chapter from the board.”

About TEAM IM

Team Informatics, Inc. (“TEAM IM”) is an Enterprise Content Management and AI context solutions provider. Since 2001, TEAM IM has helped organizations in government, energy, construction and the broader enterprise manage, secure and put their unstructured information to work. As a Premier M-Files partner and a long-standing Oracle and ABBYY partner, TEAM IM provides advisory, implementation and managed services, and builds its own products for the M-Files platform, including AutoRecords for M-Files and M-Connect. Based in Oakdale, Minnesota, TEAM IM celebrates its 25th anniversary in 2026. Learn more at www.teamim.com.

Media Contact

Jon Chartrand, Team Informatics, Inc., 1 651-222-8326, jon.chartrand@teamim.com, https://www.teamim.com

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SOURCE Team Informatics, Inc.

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