Key Takeaways
- • One Equity Partners (OEP), a middle-market private equity firm, announced a majority investment in Myriad360, a services-led global systems integrator, according to a Business Wire release.
- • Financial terms of the private transaction were not disclosed.
- • Myriad360's existing leadership team, led by CEO and President Jay Miley, will continue to run the business and retain a significant ownership stake alongside OEP.
- • OEP's capital is intended to fund organic growth, talent and service investment, and strategic acquisitions.
- • Myriad360, founded in 2003, previously acquired Advizex Technologies earlier in the year.
Summary
One Equity Partners ("OEP"), a middle-market private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe, has made a majority investment in Myriad360, according to a Business Wire announcement. Myriad360 describes itself as a services-led global systems integrator offering capabilities across artificial intelligence, cloud, managed services, cybersecurity and data center modernization. Financial terms of the private transaction were not disclosed.
Myriad360's existing leadership team will continue to lead the business and will retain a significant ownership position alongside OEP. Founded in 2003, the company has grown by investing in its people, expanding its services, deepening strategic technology partnerships and serving enterprises, neoclouds and other leading organizations. The company also acquired Advizex Technologies earlier this year, which the release cites as part of its effort to broaden services and reach as client needs have evolved.
According to the release, OEP's investment will give Myriad360 additional capital and strategic support to grow organically, invest in talent and services, and pursue acquisitions that complement the business. Charlie Cole, Partner at OEP, said the firm was drawn to what has driven the company's growth, citing its talent, client and partner relationships, and culture centered on accountability and execution. Jay Miley, CEO and President of Myriad360, said OEP shares the company's long-term perspective. Andrew Fisher, Founder and Chief Culture Officer, said the company intends to preserve its culture and principles. Carlo Padovano, Partner at OEP, said Myriad360 is well positioned because it combines technical depth with the ability to execute across interconnected technology priorities.
Myriad360's existing leadership team will continue to lead the business and will retain a significant ownership position alongside OEP. Founded in 2003, the company has grown by investing in its people, expanding its services, deepening strategic technology partnerships and serving enterprises, neoclouds and other leading organizations. The company also acquired Advizex Technologies earlier this year, which the release cites as part of its effort to broaden services and reach as client needs have evolved.
According to the release, OEP's investment will give Myriad360 additional capital and strategic support to grow organically, invest in talent and services, and pursue acquisitions that complement the business. Charlie Cole, Partner at OEP, said the firm was drawn to what has driven the company's growth, citing its talent, client and partner relationships, and culture centered on accountability and execution. Jay Miley, CEO and President of Myriad360, said OEP shares the company's long-term perspective. Andrew Fisher, Founder and Chief Culture Officer, said the company intends to preserve its culture and principles. Carlo Padovano, Partner at OEP, said Myriad360 is well positioned because it combines technical depth with the ability to execute across interconnected technology priorities.
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