Orion Innovation, a digital transformation and product development services firm, has agreed to purchase Tellence Technologies, a privately-held technology services company headquartered in 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.
Founded in 2012, Tellence develops technologies for companies in telecommunications and media, cybersecurity, and other verticals. 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 and co-founder at Tellence, will join Orion’s management team.
“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,” added 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.”
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 on this transaction.