Avant Acquires CX Effect to Expand Portfolio and Accelerate Success in Cybersecurity, Cloud Infrastructure, and AI Markets
The recent acquisition of CX Effect by Avant has sent shockwaves through the cybersecurity, cloud infrastructure, and AI markets. With over 40 new suppliers now under their belt, Avant is poised for even greater success in these rapidly growing sectors.
Drew Lydecker, co-founder and president of Avant, expressed his excitement about the acquisition, stating that it will significantly expand their portfolio and accelerate their growth. This move will not only benefit Avant but also provide new business, sales, and service opportunities in customer experience and AI.
CX Effect, a technology distributor, has been making waves in the industry with its extensive network of over 40 CX and AI vendor partnerships. By joining forces with Avant, they are now able to leverage Avant’s resources and sales engineers to further enhance their offerings.
The acquisition will also benefit solution providers, as they will now have access to a wider range of CX and AI vendors, making them even more valuable as trusted advisors to their clients. This shift towards technology spending represents a recurring revenue opportunity for Trusted Advisors, further solidifying their role in the market.
Andrew Pryfogle, founder and CEO of CX Effect, and Bob Maute, CRO, will continue to play key roles in the company, focusing on market development and vendor business development, respectively. Avant plans to integrate CX Effect’s training and sales enablement capabilities into their programs and platform, further enhancing their offerings in the market.
Overall, this acquisition marks a significant milestone for Avant and CX Effect, as they join forces to create a next-gen distributor focused on transformative technologies. With a deep bench of sales support and enablement resources, Avant is well-positioned to lead the way in the explosive AI and customer experience market.
In conclusion, the acquisition of CX Effect by Avant is a game-changer for the industry, with both companies poised for even greater success in the cybersecurity, cloud infrastructure, and AI markets. Stay tuned for more exciting developments as they continue to innovate and grow in this rapidly evolving landscape.
