New York, February 27, 2020—Orion Business Innovation (“Orion”), a global business and technology services firm providing digital transformation and product development services, today announced that it has made a carveout investment in NetRD, a subsidiary of Netas, a telecommunications engineering firm headquartered in Turkey. Orion expands its European capabilities adding more than 400 high-tech R&D telecom engineers in Turkey as part of this investment.
This transaction builds on Orion’s growth in Europe through its combination with MERA in 2019, a digital product development firm with capabilities in telecommunications engineering product development. Over the past three years, Orion has grown organically and through strategic acquisitions. These investments have enhanced Orion’s digital transformation and product development capabilities and accelerated its growth with the addition of new Fortune clients.
Orion continues its aggressive growth strategy with the investment in NetRD. Over the past three years, Orion has grown both organically and through strategic acquisitions. These investments have enhanced Orion’s digital transformation and product development capabilities and accelerated its growth with prestigious new clients. This latest deal expands Orion’s software product development capabilities in Europe under its Digital Product Development division and deepens telecommunications domain expertise to deliver a broad palette of capabilities to clients.
“The One Equity Partners team is excited to support Orion’s continued expansion of global digital transformation capabilities. This new acquisition enhances Orion’s already strong telecommunications engineering position, enhances the European delivery footprint, and brings more blue-chip customer relationships to Orion,” said Chip Schorr, Senior Managing Director at One Equity Partners.
“We’re very pleased to forge long-term strategic relationships with new telecommunications clients and include them in our growing list of blue-chip clients. Our mission is to drive business innovation rooted in both engineering and design thinking with deep domain expertise to serve our clients. Expanding our specialized telecommunications team in Europe aligns perfectly with our near-term business objectives,” said Raj Patil, CEO of Orion.
“Netas has built a great R&D team with decades of in-depth knowledge in ICT, and I am excited to welcome a team of 400 highly skilled engineers into our company. This R&D site in Turkey greatly expands our delivery capabilities and, along with our other sites in Russia, Serbia and Lithuania will continue to build cutting edge solutions for our clients in Europe and the US,” said Alex Bogachek CEO of Orion’s Digital Product Development division.
This deal adds to Orion’s growing list of Fortune 100 clients. Orion currently serves 6 of the Fortune 20 companies and has over 4,000 highly skilled employees in 8 major locations across 10 countries.
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About Orion
Orion is a premier, global business and technology services firm that provides digital transformation and product development services. Rooted in engineering and design thinking, along with a unique combination of agility, scale and maturity, its team of over 4,000 associates helps Fortune 1,000 companies increase efficiencies, improve customer experiences, and develop new digital offerings. Through its delivery centers in North America, Europe, and Asia Pacific, Orion serves clients across financial services, professional services, communications and media, automotive, industrial automation, professional sports and entertainment, life sciences, ecommerce and education. For more information, visit www.orioninc.com.
Media: Joe LoBello
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