Myriad360 Acquires Advizex, Forms $900M AI Platform
What happened
Global solutions integrator Myriad360 has acquired Advizex Technologies to create a combined $900 million global platform focused on AI and enterprise infrastructure. The new entity will span infrastructure, AI activation, managed services, and enterprise delivery. This strategic acquisition aims to create a scaled, growth-led platform in the AI sector.
Why it matters
- Myriad360's new CEO is Jay Miley, who previously served as the company's President and COO. Miley has a background in the technology industry, with previous executive roles at PCM, Inc. and Ingram Micro North America. - This acquisition marks another ownership change for Advizex, which was acquired by Fulcrum IT Partners in March 2023. At that time, the deal was intended to significantly expand Advizex's "Everything-as-a-Service" offerings. - The two companies bring complementary services to the new platform. Myriad360 has a strong background in infrastructure integration, networking, data center deployment, and cybersecurity. - Advizex contributes expertise in hybrid infrastructure, data engineering, AI platforms, and managed services. The company holds over 800 technical certifications and has been in operation since 1975. - Myriad360, founded in 2003, offers a range of IT services including advisory, implementation, global logistics, and FinOps services. - Advizex has a strong focus on "Consumption IT," allowing businesses to access IT services on a subscription basis, paying only for what they use.
Key numbers
- Global solutions integrator Myriad360 has acquired Advizex Technologies to create a combined $900 million global platform focused on AI and enterprise infrastructure.
- - Myriad360's new CEO is Jay Miley, who previously served as the company's President and COO.
- This acquisition marks another ownership change for Advizex, which was acquired by Fulcrum IT Partners in March 2023.
- Myriad360 has a strong background in infrastructure integration, networking, data center deployment, and cybersecurity.
What happens next
- At that time, the deal was intended to significantly expand Advizex's "Everything-as-a-Service" offerings.
- The new entity will span infrastructure, AI activation, managed services, and enterprise delivery.
- This strategic acquisition aims to create a scaled, growth-led platform in the AI sector.
Quick answers
What happened in Myriad360 Acquires Advizex, Forms $900M AI Platform?
Global solutions integrator Myriad360 has acquired Advizex Technologies to create a combined $900 million global platform focused on AI and enterprise infrastructure. The new entity will span infrastructure, AI activation, managed services, and enterprise delivery. This strategic acquisition aims to create a scaled, growth-led platform in the AI sector.
Why does Myriad360 Acquires Advizex, Forms $900M AI Platform matter?
Myriad360's new CEO is Jay Miley, who previously served as the company's President and COO. Miley has a background in the technology industry, with previous executive roles at PCM, Inc. and Ingram Micro North America. This acquisition marks another ownership change for Advizex, which was acquired by Fulcrum IT Partners in March 2023. At that time, the deal was intended to significantly expand Advizex's "Everything-as-a-Service" offerings. The two companies bring complementary services to the new platform. Myriad360 has a strong background in infrastructure integration, networking, data center deployment, and cybersecurity. Advizex contributes expertise in hybrid infrastructure, data engineering, AI platforms, and managed services. The company holds over 800 technical certifications and has been in operation since 1975. Myriad360, founded in 2003, offers a range of IT services including advisory, implementation, global logistics, and FinOps services. Advizex has a strong focus on "Consumption IT," allowing businesses to access IT services on a subscription basis, paying only for what they use.
