Myriad360 Acquires Advizex in $900M Deal
Global systems integrator Myriad360 has acquired Advizex Technologies to form a combined global AI and enterprise infrastructure platform valued at $900 million. The company stated the strategic acquisition creates a scaled platform spanning infrastructure, AI activation, managed services, and enterprise delivery.
- The acquisition positions the combined entity as a major player in AI-ready infrastructure, with Myriad360's expertise in cybersecurity and data center deployment complementing Advizex's deep experience in hybrid infrastructure and data engineering. - Advizex brings a strong recurring revenue model to the table, with a reported $70 million in recurring revenue services in 2022 and a significant focus on "Everything-as-a-Service". - This deal marks another chapter for Advizex, which was previously acquired by Fulcrum IT Partners in March 2023. - The integration strategy appears to prioritize stability and client continuity, with plans for Advizex to operate as "Advizex, a Myriad360 company" throughout 2026 while a collaborative integration roadmap is developed. - Leadership from both companies have emphasized the preservation of existing client relationships. Jay Miley continues as CEO of Myriad360, and C.R. Howdyshell, CEO of Advizex, has stated that clients will continue to work with the same trusted team. - The combined company will have an expanded geographic reach and technical depth, with Advizex's presence in markets where Myriad360 has a limited footprint. - Advizex has a strong focus on artificial intelligence, with a reported AI sales pipeline of $120 million and recognition as Nvidia's Trailblazer Partner of the Year, indicating a significant investment in AI technical talent and solutions. - Myriad360 has a history of recognition for its growth and workplace culture, including being named to the Inc. 5000 list and receiving multiple awards for workplace excellence.
