Three Wire Systems, LLC (Three Wire Systems) a leader in innovative and efficient technology solutions for government agencies and large enterprise corporations, announces the sale of their technology resale business to Mythics, LLC (Mythics), the parent company of Emergent, LLC (Emergent). This strategic move marks a significant step in Three Wire Systems growth strategy and enhances its continued growth position within the holistic health and digital service markets.
The acquisition, which was finalized on September 16, 2024, involves the integration of Three Wire Systems technology resale business into the operations of Emergent, a wholly owned subsidiary of Mythics. The transaction is expected to create growth within existing Mythics and Emergent technology business units by expanding third party product offerings and providing added resources to benefit both employees and clients alike.
“We believe that our team, with Mythics and Emergent, is well-positioned to continue successful outcomes.” – Three Wire Systems CEO, Greg Feldman
Mythics CEO, Paul Seifert commented on the acquisition, saying, “We are thrilled to welcome Three Wire Technologies to our organization. This acquisition aligns perfectly with our vision to strengthen and diversify our technology offerings within the Public Sector. We are excited about the opportunities this presents and are confident that it will bring significant value to our customers, employees, and stakeholders.”
Three Wire Systems CEO, Greg Feldman added, “The decision to divest the technology resale business of Three Wire Systems was driven by our confidence in Mythics ability to further develop and grow this third-party resale product business segment. We believe that our team, with Mythics and Emergent, is well-positioned to continue successful outcomes.”
Three Wire Systems was advised by Kipps Desanto throughout this process, leveraging their expertise to deliver optimal results and ensure a smooth transition for continuity and high-quality service delivery.
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