MERA Scales Up by Joining Forces with Orion Business Innovation
Following its acquisition by One Equity Partners, MERA plans to combine with Orion Business Innovation, another OEP’s portfolio company. Together they will complement one another with new technological capabilities and unique domain expertise.
Zurich, Switzerland — March 6 — MERA, a software services provider with 30 years’ history, has announced that One Equity Partners (OEP), a middle-market private equity firm, became a majority equity owner of MERA. Furthermore, MERA will be forming a combination with Orion Business Innovation (“Orion”), another OEP’s portfolio company, to create an entity with the leading capabilities in the outsourced software development industry.
Orion, founded in 1993, is a US-based digital transformation and automation services provider with strengths in professional services, retail, sports, manufacturing, financial services, and education. Its consultative approach put together with MERA’s hands-on experience in the automotive, telecom, transportation, fintech, robotics, retail, and healthcare industries will create an organization with a comprehensive set of skills and unique domain expertise. The expanded company will have a significant scale of 3000+ employees located across three continents, nine countries and twelve R&D sites.
“We are delighted to join forces with Orion,” says Alex Bogachek, MERA’s CEO. “The combination with Orion will have a beneficial effect on our current and future clients, since we will be able to enrich our technological competence, diversify the range of services we provide and increase geographical proximity to our clients.”
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.
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, please visit www.orioninc.com.
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