Announced Date: February 2023
o3 Capital acted as the exclusive financial advisor to Sryas.
We are pleased to announce that our client, Sryas, has successfully merged with Orion Innovations.
Sryas is a US-headquartered global technology company specializing in data, advanced analytics, software development, etc. The company has deep domain expertise in the Telecommunications segment and has over 550 employees globally.
Orion Innovation is a leading digital transformation and product development services firm. It has a team of approximately 7,000 associates that helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. The Company is backed by One Equity Partners.
The transaction provides strategic synergies to both Orion and Sryas given their complementary capabilities in the Telecom vertical. Combined, Orion and Sryas would be one of the largest technology services providers to Telecom in the North America and LATAM markets.
Commenting on the transaction, Vish Ramesh, President, and CEO, of Sryas, said, "o3 Capital has been a trusted partner for Sryas in helping us through the transaction. Their understanding of the Digital Transformation ecosystem and depth of relationships helped us identify the ideal partner in Orion Innovation. Separately, their extensive experience and expertise across various facets of the transaction enabled a swift closure"