Myriad360 Acquires Advizex to Form $900M AI Firm
New York-based Myriad360, a global systems integrator, has acquired Advizex Technologies. The strategic acquisition creates a combined entity valued at $900 million, forming a global platform focused on AI activation, enterprise infrastructure, and managed services.
- Myriad360 was bootstrapped and has not taken any outside funding, a detail of interest to aspiring entrepreneurs. The company was founded in 2003 by Andrew Fisher, a Yale graduate with a background in management consulting. Fisher started the company after the dot-com bubble as a used technology reseller and has since grown it into a global systems integrator. - The new entity will be led by Myriad360's current CEO, Jay Miley. Myriad360's founder, Andrew Fisher, will transition to the role of Founder & Chief Culture Officer. C.R. Howdyshell, the current CEO of Advizex, has a long history in the tech industry, starting at Xerox in 1983 and leading Advizex's transformation into an "Everything-as-a-Service" provider. - For software engineers in the NYC area, Myriad360 has been actively hiring, with open roles such as "AI Automation Engineer Tech Lead" listed for their New York office. The company promotes a remote-first work culture, with 80% of roles being remote, and offers benefits like no-cost medical plans and unlimited PTO. - The combined company's focus on "AI activation" aims to cover the full AI lifecycle, from building AI-ready infrastructure and accelerated compute environments to data activation, platform integration, and AI/ML operations. Myriad360's approach to AI emphasizes creating a strong technological foundation for clients by specializing in the design and deployment of high-performance systems like GPU clusters and ensuring high-quality, regulation-compliant data pipelines. - Advizex brings practical AI implementation experience to the merger. For example, they developed an AI-powered virtual assistant named JBOT for HR departments to handle routine employee queries, which resulted in a 10-15% productivity increase for HR staff. They also enabled the startup Hot Aisle to build out a supercomputer center for its GPU-as-a-Service offering by providing solutions architecture and implementation services. - The acquisition is positioned to meet the rising enterprise demand for AI-ready infrastructure and data platform modernization. Advizex's expertise in hybrid infrastructure and data engineering complements Myriad360's strengths in infrastructure integration, networking, and cybersecurity.
