Myriad360 Acquires Advizex, Forms $900M AI Platform
Global systems integrator Myriad360 has acquired Advizex Technologies to form a combined global AI and enterprise infrastructure platform. The company stated the strategic acquisition creates a scaled entity valued at $900 million, focusing on infrastructure, AI activation, and managed services.
- The newly formed entity combines Myriad360's expertise in cybersecurity and AI-ready infrastructure with Advizex's deep experience in hybrid infrastructure, data engineering, and managed services. Myriad360 was founded in 2003, while Advizex has been in operation since 1975. - The joint platform will offer end-to-end services for the entire AI lifecycle, from designing and deploying accelerated compute environments to data activation, platform integration, and MLOps. This aligns with the growing enterprise need for scalable and production-ready AI systems. - Advizex brings significant expertise in MLOps, offering tools and playbooks to streamline model deployment, monitoring, and management, which is critical for maintaining model performance and reliability in production. They partner with major generative AI platform providers, including Nvidia, HPE, Dell, and Microsoft Azure. - Myriad360 has a proven track record in AI implementation, reporting a 98% success rate in AI adoption, over 500 AI-powered deployments, and a 70% reduction in model deployment time for its clients. - The acquisition is a strategic move to capitalize on the rapidly growing AI infrastructure market, which is projected to reach over $200 billion by 2031. The market is seeing a major trend towards specialized computing architectures and MLOps to manage increasingly complex AI models. - Jay Miley, the CEO of Myriad360, will lead the combined organization. Advizex's CEO, C.R. Howdyshell, has emphasized a "first-mover" strategy in AI, backed by a significant investment in technical talent and vertical market solutions. - Prior to the acquisition, Advizex was recognized by Nvidia as its "Trailblazer Partner of the Year" for its role in driving AI adoption and setting new industry standards. This highlights their deep relationship with a key player in the AI hardware and software ecosystem. - The combined company will serve a wide range of industries, including healthcare, finance, manufacturing, and retail, with tailored AI and infrastructure solutions.
