Myriad360 Acquires Advizex in $900M AI Platform Deal
Global systems integrator Myriad360 has acquired Advizex Technologies to form a combined entity valued at $900 million. The new company will operate as a global platform focused on AI activation, cybersecurity, and modern enterprise infrastructure. The strategic acquisition aims to create a scaled provider of integrated technology solutions.
- The combined company will generate over $900 million in annual run-rate gross revenue. - This acquisition is part of a broader trend of consolidation in the IT services sector, where private equity and strategic buyers are building larger platforms to handle digital transformation and AI adoption. - Myriad360, founded in 2003 and formerly known as Myriad Supply, specializes in network infrastructure, security consulting, and data center modernization. The company has been recognized on the Inc. 5000 list of fastest-growing private companies 14 times. - Advizex, founded in 1975, brings deep experience in hybrid cloud, data engineering, and managed services, with over 800 technical certifications and a strong presence in industries like healthcare, manufacturing, and government. - The leadership of the combined entity will include Jay Miley as CEO of Myriad360. - The deal aims to create an end-to-end provider for the entire AI lifecycle, from AI-ready infrastructure and accelerated computing to data activation, MLOps, and long-term managed support. - Myriad360 has a history of expanding its technical expertise through strategic hiring, having previously added seven senior engineers to build out its professional services. - The acquisition combines Myriad360's strength in infrastructure integration and cybersecurity with Advizex's enterprise relationships and managed services scale.
