Mooreland Partners Advises Symbio on Its Sale to VXI Global Solutions, a Portfolio Company of Bain Capital
GREENWICH, Connecticut, Jan. 21, 2015 /PRNewswire/ -- Mooreland Partners (www.moorelandpartners.com), the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Symbio S. A. on its sale to VXI Global Solutions, LLC, a portfolio company of Bain Capital. Symbio is a leading Outsourced Product Development (OPD) company that specializes in high-quality software development services for a broad range of Fortune 500 companies. VXI is a leading provider of business process and IT outsourcing services. Together, the combined company will be able to address the entire end-to-end customer value chain by providing all processes from customer sales and services to product development and service delivery. The combined company will employ 17,000 experts across the United States, Europe, South America and Asia-Pacific. The transaction, which closed on December 19, 2014, further solidifies Mooreland Partners' position as one of the most active M&A advisors focused exclusively on the global technology industry.
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"We are pleased to be part of such a transformative transaction in the IT Services market. The combination of Symbio's world class software development expertise with VXI's industry leading BPO and ITO service capabilities will enable the combined company to deliver a more comprehensive array of business-driven solutions to customers," said Rick Dalton, Managing Director, Mooreland Partners.
ABOUT VXI GLOBAL SOLUTIONS
VXI Global Solutions (VXI) is a leading provider of business process and information technology outsourcing services to its clients. VXI specializes in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing. VXI creates custom solutions in business-to-business and business-to-consumer applications which allow clients to achieve success in their market goals. VXI applications leverage emerging and classic communication channels. VXI's services range from complete call center services, to maintaining applications, to building solutions using superior tools and technologies. VXI is head quartered in Los Angeles, USA.
ABOUT SYMBIO
Symbio, established in 1994, is an international co-creation technology partner that helps its customers create high quality products and future innovations. By combining cutting-edge technological know-how, advanced global delivery networks and customized solutions, Symbio enables high-quality software product development quickly, cost-effectively and innovatively. Symbio's customers include Alibaba, BNP Paribas, Google, HSBC, Intel, Microsoft, and Volvo. Symbio has eight development centers and offices across the U.S., Europe and Asia.
ABOUT BAIN CAPITAL
Bain Capital, LLC is one of the world's foremost privately held alternative investment firms, with approximately $80 billion of assets under management in several pools of capital including private equity, venture capital, public equity, credit products and absolute return. Bain Capital's more than 400 professionals are collectively the single largest investor in all of its funds and are dedicated to investing in and building its portfolio companies. Founded in 1984, Bain Capital has made private equity, growth, and venture capital investments in more than 450 companies around the world, and has deep experience across key vertical industries including consumer/retail, financial services and institutions, healthcare, industrials, and technology, media and telecommunications. Bain Capital has offices in London, Dublin, Munich, Boston, New York, Chicago, Palo Alto, Tokyo, Shanghai, Hong Kong, Mumbai and Melbourne.
ABOUT MOORELAND PARTNERS
Mooreland Partners (http://www.moorelandpartners.com) is a leading independent investment bank providing M&A and private capital advisory services to the global technology industry, serving clients from its offices in Silicon Valley, Greenwich (CT), and London. Since January 2013, Mooreland Partners has advised on a total of 39 transactions across all major technology sectors including communications technology, mobile and digital media, enterprise software and services, as well as industrial technology and electronics.
Founded in 2002, Mooreland Partners is an integrated global M&A firm, 100 percent owned by its partners, with a team of almost 50 investment banking professionals. Follow us on Twitter @MoorelandGlobal or learn more at www.moorelandpartners.com.
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MEDIA CONTACTS
Mindy M. Hull Kayla Egbert
Mercury Global Partners for Mercury Global Partners for
Mooreland Partners Mooreland Partners
Tel. +1 415 889 9977 (U.S.A.) Tel. +1 407 529 6937
mindy@mercuryglobalpartners.com kayla@mercuryglobalpartners.com
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