One Equity Partners Orchestrates Combination of MERA and Orion Business Innovation

Addition of Switzerland-based Firm to Orion Business Innovation
Expands Outsourced Product Development Software Capabilities and the
Global Footprint

EDISON, N.J.–(BUSINESS WIRE)–One Equity Partners (“OEP”), a leading middle market private equity
firm, announced today that it will combine its portfolio company, Orion
Business Innovation, a fast-growing firm focused on digital
transformation, with MERA, an outsourced product development company
headquartered in Switzerland.

The combined entity will have 3000 highly skilled employees in 12
locations across nine countries. OEP will make a significant investment
in MERA to support the transaction.

MERA, founded in 1989, with deep experience in automotive, telecom,
transportation, fintech, robotics, retail and healthcare will join Orion
with strengths in professional services, retail, sports, manufacturing,
financial services and education. MERA adds to Orion’s bench strength in
enterprise software design, outsourced product development, cloud
computing, mobility, point of sales applications, telematics and
cybersecurity.

Alex Bogacheck, CEO, and Igor Piruyan, COO, will continue to lead the
MERA team reporting to Orion CEO Raj Patil. Senior managers and the
leadership team assembled by MERA will remain in-place. The expanded
company will add Austin, Belgrade, Kazan, Novogorod, Santa Clara,
Vilnius and Zurich to its existing footprint in the US, UK, Australia
and India increasing client proximity and customer intimacy.

“This new investment from OEP will accelerate Orion’s growth within the
fast-growing digital consulting, application transformation, product
engineering and infrastructure-cloud market segments, where large
enterprise businesses typically engage with Orion on multi-year digital
transformation initiatives to meet their long-term strategic
objectives,“ according to Chip Schorr, Senior Managing Director at One
Equity Partners.

“We are delighted to join forces with Orion,“ Alex Bogacheck, MERA CEO,
said. “The synergies in skills, scale, experience and outlook will
create an intensely focused organization able to compete for the most
complex business and technology assignments on a global scale.”

“Joining forces with MERA and working closely with Alex and Igor and the
team they’ve assembled is an important part of our game plan for growth,
according to Orion CEO Raj Patil. “We are aggressively growing our
business organically and through selective acquisitions to expand our
software, service and consulting offerings and to provide a broader
palette of capabilities to our clients. The MERA team will be a
springboard for future growth globally.”

About Orion

Headquartered in Edison, New Jersey, 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, visit www.orioninc.com.

About One Equity Partners

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 180 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.

Contacts

Nicole Sullivan
nsullivan@affect.com
212-398-9680
www.orioninc.com

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