Aether Holdings, Inc. (NASDAQ:ATHR), a technology platform company, has announced that its subsidiary, Aether Compute, has acquired a 60 percent equity interest in Noviant Inc., a technology services company specializing in infrastructure solutions.
The acquisition, valued at $3.6 million, includes $900,000 in cash and $2.7 million in restricted shares of Aether common stock.
This strategic move aims to integrate Aether Compute's AI infrastructure strategy with Noviant's expertise in enterprise deployment and managed services.
The acquisition is expected to enhance Aether's capabilities in AI-powered investor intelligence, digital media, and emerging infrastructure technologies.
Aether's management believes this acquisition will strengthen their market position and expand their service offerings in the technology infrastructure sector.
"We believe demand for AI-ready infrastructure is increasing and that clients need a partner that can design, deploy and manage that infrastructure end-to-end," said Nicolas Lin, Chief Executive Officer of Aether. "Noviant’s engineers and nearly three decades of hands-on deployment experience help advance that vision and deepen our commitment to developing AI infrastructure solutions designed to support faster, more capital-efficient deployment."