Mooreland Partners acted as the exclusive financial advisor to Symbio SA on its sale to VXI Global Solutions, LLC, a portfolio company of Bain Capital.
Symbio is a leading Outsourced Product Development (OPD) company that specializes in high-quality software development services for a broad range of Fortune 500 companies. VXI is a leading provider of business process and IT outsourcing services. Together, the combined company will be able to address the entire end-to-end customer value chain by providing all processes from customer sales and services to product development and service delivery. The combined company will employ 17,000 experts across the United States, Europe, South America and Asia-Pacific. The transaction, which closed on December 19, 2014, further solidifies Mooreland Partners' position as one of the most active M&A advisors focused exclusively on the global technology industry.
"We are pleased to be part of such a transformative transaction in the IT Services market. The combination of Symbio's world class software development expertise with VXI's industry leading BPO and ITO service capabilities will enable the combined company to deliver a more comprehensive array of business-driven solutions to customers," says Rick Dalton, Managing Director, Mooreland Partners.