Myriad360 Acquires Advizex, Forms $900M AI Firm
Global systems integrator Myriad360 has acquired Advizex Technologies to form a combined $900 million global platform. The new entity will focus on AI activation, enterprise infrastructure, managed services, and cybersecurity.
- The acquisition combines New York-based Myriad360, led by CEO Jay Miley, with Ohio-based Advizex, led by President and CEO C.R. Howdyshell. - Advizex brings a strong "Everything-as-a-Service" model and was on track to hit $70 million in recurring revenue services in 2022. - Myriad360 adds differentiated strength in AI-ready environments, cybersecurity, and global logistics, with operations in over 160 countries. - Founded in 1975, Advizex has deep enterprise relationships and a team of over 150 technologists holding more than 800 technical certifications. - Myriad360 has been recognized on the Inc. 5000 list 14 times, signaling sustained high growth leading up to the acquisition. - The strategic rationale for the merger was to pair Myriad360's expertise in infrastructure and AI environments with Advizex's established managed services and enterprise client base in new markets.
