EDISON, N.J.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
ORION BUSINESS INNOVATION COMBINES WITH MERA
One Equity Partners Orchestrates combination
Addition of Switzerland-based Firm to Orion Expands Outsourced Product Development and Eastern European Footprint
Orion Business Innovation (“Orion”), a fast-growing firm focused on digital transformation, announced today that it will combine with MERA. MERA, an outsourced product development company headquartered in Switzerland, received a significant investment from One Equity Partners (“OEP”) leading to this combination.
The combined entity will have 3,000 highly skilled employees in 12 locations across 9 countries.
MERA, founded in 1989, with deep experience in automotive, telecom, transportation, fintech, robotics, retail and healthcare will join Orion with strengths in professional services, retail, sports, manufacturing, financial services and education. MERA adds to Orion’s strength in enterprise software design, outsourced product development, cloud computing, mobility, point of sales applications, telematics and cybersecurity. The combined firm will have the leading set of skills and capabilities in the outsourced software development industry.
Alex Bogachek, CEO, and Igor Piruyan, COO, will continue to lead the MERA team and the combined entity will be led by Raj Patil, CEO of Orion. Senior managers and the leadership team assembled by MERA will remain in-place. The expanded company will add Kazan, Belgrade, Vilnius, Atlanta, Zurich and Nizhny Novgorod to its existing footprint in the US, UK, Australia and India increasing client proximity and customer intimacy.
“We are very excited to continue to support Orion’s growth within the fast-growing digital consulting, application transformation, product engineering and infrastructure-cloud market segments. Large enterprises typically engage with Orion on complex multi-year digital transformation initiatives to meet their long-term strategic objectives,” added to Chip Schorr, Senior Managing Director at One Equity Partners.
“We are delighted to join forces with Orion,“ Alex Bogachek, MERA CEO, stated. “The synergies in skills, scale, experience and outlook will create an intensely focused organization able to compete for the most complex business and technology assignments on a global scale.”
“Joining forces with MERA and working closely with Alex and Igor and the team they’ve assembled is an important part of our game plan for growth, according to Orion CEO Raj Patil. “We are aggressively growing our business organically and through selective acquisitions to expand our high-touch enterprise digital transformation software, services and consulting offerings and to provide a broader palette of capabilities to our clients. The MERA team will be a springboard for future growth globally.”
Headquartered in Edison, New Jersey, Orion is uniquely positioned as a high touch, high quality and nimble solutions provider with the proven expertise and scale to solve complex problems of Fortune 1,000 customers. Orion provides digital transformation and automation services to large enterprise customers across the financial and professional services, communications and media, professional sports and entertainment, education and healthcare industries. For more information, visit www.orioninc.com.
About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 170 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.