Myriad360 Acquires Advizex in $900M Deal
Global systems integrator Myriad360 has acquired Advizex Technologies to create a combined enterprise infrastructure and AI platform valued at $900 million. The new entity will offer services spanning infrastructure, AI activation, and managed services.
- The combined entity is positioned to guide enterprises through the increasingly critical "build vs. buy" decision for AI infrastructure, a market where 76% of enterprise AI use cases are now purchased rather than built internally. - Myriad360's expertise in deploying high-performance, GPU-powered data centers and AI-ready environments will be augmented by Advizex's experience in managed services for hybrid infrastructure, addressing the full AI lifecycle from hardware deployment to ongoing AI/ML operations. - This acquisition creates a services-led model that helps clients navigate the complex AI hardware landscape, which includes not only traditional GPUs but also the growing field of custom silicon and ASICs from hyperscalers and startups, which can reduce inference costs by 40-60%. - The new entity will be better equipped to compete with other global systems integrators by offering end-to-end AI adoption services, a crucial capability as enterprises increasingly rely on SIs to bridge the gap between legacy systems and new AI technologies. - For enterprise ML teams, the combined company will offer more robust MLOps and DataOps capabilities, streamlining everything from data preparation and model training to deployment and governance, which is critical as AI workloads become more integrated into core business processes. - By combining Myriad360's partnerships with over 500 technology companies with Advizex's deep relationships and numerous technical certifications, the new company will offer a vendor-agnostic approach to designing and implementing tailored AI solutions. - The deal reflects a broader trend of consolidation in the IT services industry, where scale and a comprehensive service portfolio are becoming essential for capturing the burgeoning enterprise AI market. - With Advizex's established "Everything-as-a-Service" model, the joint company is poised to offer flexible, consumption-based pricing for complex AI infrastructure, aligning with the shift from capital expenditures to operational expenditures for many enterprises.
