Myriad360 has acquired the assets of healthcare solution provider F3 Technology Partners in a deal that pushes the company's annual revenue past the $1 billion threshold, according to an announcement reported by CRN. The transaction brings F3's healthcare expertise and customer relationships into Myriad360, which now reports an estimated $1.2 billion in annual revenue and employs 570 technology professionals. The acquisition deepens Myriad360's vertical market capabilities while adding fuel to its rapid expansion, following the company's No. 22 ranking on CRN's Fast Growth 150 list this year.
Under the agreement, Myriad360 is taking on F3 Technology Partners' complete asset base, including 30 employees and a healthcare practice serving major providers in the Northeast. West Hartford, Connecticut-based F3, which ranked No. 287 on the CRN 2026 SP500, was previously owned by Fulcrum IT Partners alongside Advizex, a Myriad360 company. Financial terms weren't revealed. F3 founder Jeff Monnes, who grew the firm from a two-person startup 19 years ago into a $100 million operation, is joining Myriad360 as general manager of the F3 business. Since Myriad360 acquired Advizex in February, that business has added 25 employees and expanded by 30 percent over the past six months, signaling the investment strategy Myriad360 plans to replicate with F3.
C.R. Howdyshell, CEO of Advizex, called the move "a significant boost for the Myriad360 healthcare practice," noting he'd witnessed F3's success in the healthcare market with strong technical talent and deep industry knowledge firsthand. Howdyshell, who worked alongside Monnes at Fulcrum IT Partners and played a key role in closing the deal, said it's rare to have direct operational familiarity with an acquisition target. Monnes said his team has been "blown away by the Myriad360 culture," describing the opportunity as "a phoenix rising" for F3 employees. He credited Myriad360 founder and Chief Culture Officer Andrew Fisher with building a large company that still feels like a startup, noting Fisher's personal outreach to every single employee. "Our customers can see that they are going to get the best of both worlds with the local support and people they have been dealing with for many years, but that now is part of a global company that is investing in F3," Monnes said.
Howdyshell expects the combined healthcare practice to double in size over the next 18 months, driven by the F3 team's healthcare relationships and a consumption-based cloud business that will strengthen Myriad360's everything-as-a-service offering. The company is reinforcing its healthcare push by bringing in top-tier industry talent, including Michael Martino, a 16-year healthcare and life sciences veteran and former CIO at Repligen, as vice president of healthcare and cloud technologies. This approach mirrors Advizex's retail practice strategy, which involved hiring Kurt Schnieders, former CIO of Dick's Sporting Goods, as president and chief operating officer in 2020. Howdyshell said having CIO-level expertise in vertical markets is critical because customers expect partners to understand their specific business requirements and challenges. "Myriad continues to invest for growth and it is clear that acquisitions are going to be a big part of that," he said. The platform model that allows acquired firms to retain local customer relationships while gaining global scale and new capabilities may prove particularly attractive in markets where specialized knowledge and personal trust matter as much as technical skill. Whether the rapid integration pace can sustain the cultural cohesion that both executives emphasize will likely determine how many more deals follow this blueprint.