Orion Innovation (Orion), a digital transformation and product development services firm, is to acquire Tellence Technologies (Tellence), a privately-held technology services company headquartered in Bucharest, Romania.
With this acquisition, Orion is strengthening its European presence by establishing an R&D operation in Romania, with associates across Bucharest and other major cities, as well as Tel Aviv, Israel. The Bucharest site will host 300-plus engineers, primarily focusing on Digital Product Development Services for several global clients. The Romanian operation is expected to continue its rapid expansion, growing to over 1,000 engineers in the coming years.
Founded in 2012, Tellence develops and delivers cutting-edge technologies to companies in the telecommunications and media, cyber security, and other verticals, serving clients that include emerging unicorns disrupting the Telecom industry. The company has a history of strong growth over the past decade, serving as the trusted research and development partner to drive innovation for its clients and help them scale.
“Tellence has a successful track record developing next-generation products for leading technology and telecommunications companies,” says Raj Patil, CEO of Orion. “They are at the forefront of the latest innovations. Adding Tellence’s talented engineering team to Orion brings our clients another layer of deep engineering expertise and forward-thinking innovation. Expanding across Europe is a key step in our aggressive growth strategy towards building a global digital transformation platform. Our new clients will benefit from Orion’s already strong product development expertise and broader digital transformation capabilities. I’m thrilled to welcome the Tellence team.”
Upon closing of the transaction, Tellence associates will become part of Orion’s Digital Product Development team. Efi Levinzon, Co-founder and CEO of Tellence, and Leo Radu, General Manager & Co-Founder at Tellence, will join Orion’s management team. Radu will lead Orion’s Romanian team as General Manager, and Levinzon will lead sales, partnerships and client relations in Israel and other geographies.
“Joining Orion will give us the infrastructure to further expand into the US and European markets and to access a global base of engineers to help our clients scale even faster,” says Levinzon. “Our clients are expanding around the world and partnering with Orion gives us a growing set of product development and digital transformation capabilities to support their global business objectives.”
Alex Bogachek, who leads Orion’s Digital Product Development team globally, says: “Tellence has a world class engineering team in Romania that will greatly benefit Orion’s clients across the globe. Adding an R&D delivery centre in Romania is a perfect complement to our existing digital product development teams in Europe across Russia, Serbia and Lithuania. We look forward to leveraging the great engineering talent in Romania for our clients.”
Orion is a portfolio company of One Equity Partners (OEP), a middle market private equity firm focused on building market-leading companies by identifying and executing transformative business combinations.
“The addition of Tellence’s talented engineers and capabilities to Orion continues OEP’s strategy of building Orion into the leading digital transformation firm in partnership with management to solve our customers’ most complex problems,” adds Chip Schorr, Senior Managing Director, One Equity Partners. “Orion has been able to augment its organic growth with a strategic acquisition program that has created a company with great vertical market depth and the broadest skill set in its industry.”
The Tellence transaction expands Orion’s strength to more than 4,500 global associates evenly distributed across Europe, Asia Pacific, and the US.
Perkins Coie, LLP acted as legal advisors and Cohn Reznick, LLP as financial and tax advisors to Orion on this transaction. View Partners Capital LLC acted as the exclusive financial advisor for Tellence Technologies SRL on this transaction.