Edison-based Orion Innovation announced Feb. 21 it entered into a strategic partnership with Sryas Inc.
Orion, a portfolio company of One Equity Partners (OEP), is a digital transformation and product development services firm that helps Fortune 1000 companies improve efficiencies, enhance customer experience and develop new digital offerings. In a press release, the buyer said the merger with global technology company Sryas, which specializes in providing digital transformation services and solutions to companies in the telecommunications sector, will deepen its telecom offerings while expanding its global footprint.
Orion noted that Sryas’ capabilities in data management, analytics and business support services complement its digital products and solutions for telecom operators, while adding that the target brings new intellectual property with its Analance by Sryas — an all-in-one, modular plug-and-play data analytics platform.
The merger adds more than 550 associates to the Orion team, including engineers in Canada, Mexico, India and the Philippines. The result is a team of roughly 7,000 associates and 12 major global delivery centers.
Raj Patil, Orion Innovation president and CEO, said the strategic combination strengthens Orion’s nearshore capabilities while adding significant nearshore resources in Canada.
“Sryas’ telecom expertise, strong set of complementary solutions, and proven track record of growth with one of Canada’s top communications companies is a perfect fit for Orion’s leading telecom practice,” said Patil in a statement. “Adding Sryas will enable us to deliver even greater value to our combined clients with a comprehensive set of transformative solutions. This merger is another step in building a geographically balanced footprint across the Americas, Europe, and APAC.”
As part of the transaction, Sryas President and CEO Vish Ramesh will join Orion’s management team.
“We are thrilled to join Orion and become part of the company’s global digital transformation platform,” said Ramesh. “Joining forces strengthens our collective nearshore capabilities and significantly expands our combined solution set to serve clients in strategic industries and geographies. It also gives our team new opportunities to work with a broad set of global enterprises, and become part of Orion’s unique global-local culture focused on growth opportunities for our talent.”
“We are excited to welcome Vish and the entire Sryas team to Orion,” Patil added.l