Orion Signs Agreement to Acquire Romania-based Tellence Technologies

Establishes Romanian R&D center for software development; Expands strength in Telecommunications and Cyber Security

EDISON, N.J.Feb. 8, 2021 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, and Tellence Technologies (“Tellence”), a privately-held technology services company headquartered in Bucharest, Romania, have entered into a definitive agreement under which Orion will acquire Tellence. With this acquisition, Orion is strengthening its European presence by establishing an R&D operation in Romania, with associates across Bucharest and other major cities, as well as Tel Aviv, Israel. The Bucharest site will host more than 300 engineers, primarily focusing on Digital Product Development services for several global clients. The Romanian operation is expected to continue its rapid expansion, growing to over 1,000 engineers in the coming years.

Founded in 2012, Tellence develops and delivers cutting-edge technologies to companies in telecommunications and media, cyber security, and other industries. Tellence’s clients include emerging unicorns disrupting the telecommunications industry. The company has a history of strong growth over the past decade, serving as the trusted research and development partner to drive innovation for its clients and help them scale.

“Tellence has a successful track record developing next-generation products for leading technology and telecommunications companies,” said Raj Patil, CEO of Orion. “They are at the forefront of the latest innovations. Adding Tellence’s talented engineering team to Orion brings our clients another layer of deep engineering expertise and forward-thinking innovation. Expanding across Europe is a key step in our aggressive growth strategy towards building a global digital transformation platform. Our new clients will benefit from Orion’s already strong product development expertise and broader digital transformation capabilities. I’m thrilled to welcome the Tellence team.”

Upon closing of the transaction, Tellence associates will become part of Orion’s Digital Product Development team. Efi Levinzon, Co-Founder and CEO of Tellence, and Leo Radu, Co-Founder and General Manager of Tellence, will join Orion’s management team. Radu will lead Orion’s Romanian team as General Manager, and Levinzon will lead sales, partnerships, and client relations in Israel and other geographies.

“Joining Orion will give us the infrastructure to further expand into the U.S. and European markets and to access a global base of engineers to help our clients scale even faster,” said Levinzon. “Our clients are expanding around the world and partnering with Orion gives us a growing set of product development and digital transformation capabilities to support their global business objectives.”

Alex Bogachek, who leads Orion’s Digital Product Development team globally, said “Tellence has a world class engineering team in Romania that will greatly benefit Orion’s clients across the globe. Adding an R&D delivery center in Romania is a perfect complement to our existing digital product development teams in Europe, across Russia, Serbia, and Lithuania. We look forward to leveraging the great engineering talent in Romania for our clients.”

Orion is a portfolio company of One Equity Partners (OEP), a middle market private equity firm focused on building market-leading companies by identifying and executing transformative business combinations.

“The addition of Tellence’s talented engineers and capabilities to Orion continues OEP’s strategy of building Orion into the leading digital transformation firm in partnership with management to solve our customers’ most complex problems,” added Chip Schorr, Senior Managing Director, One Equity Partners. “Orion has been able to augment its organic growth with a strategic acquisition program that has created a company with great vertical market depth and the broadest skill set in its industry.”

The Tellence transaction expands Orion’s strength to more than 4,500 global associates evenly distributed across EuropeAsia Pacific, and the U.S.

Perkins Coie, LLP acted as legal advisors and Cohn Reznick, LLP as financial and tax advisors to Orion on this transaction. View Partners Capital LLC acted as the exclusive financial advisor for Tellence Technologies SRL on this transaction.

About Orion Innovation
Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale and maturity, its team of over 4,500 associates help Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in the Americas, Europe, and APAC, Orion serves clients across financial services, professional services, telecommunications and media, automotive, industrial automation, professional sports and entertainment, life sciences, e-commerce, and education. For more information, visit www.orioninc.com

About Tellence Technologies
Tellence Technologies (“Tellence”), established in 2012, is a leading provider of high-tech Software & Engineering services. The company is focused on research & development and customer engineering support, and its engineering solution center handles software development, quality assurance, and customer support. Tellence operates in a broad range of industries including automotive, telecommunications, cybersecurity, OTT and broadcasting, satellite communications, and semiconductors. Tellence offers innovative and advanced solutions that are flexible in providing each customer with the right offering for their needs and scope, as well as deep operational and development experience. For more please visit: www.tellence.net

About One Equity Partners
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 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New YorkChicagoFrankfurt and Amsterdam. For more information, please visit www.oneequity.com.

Tellence Technologies continues the plans to expand its activity in Romania and intends to open offices in Iasi, Timisoara and Cluj.

Tellence, a company founded in 2012, headquartered in Bucharest, provides software services for sectors such as telecommunications, cyber security, media, automotive, satellite communications, semiconductors, etc.  The current context offers opportunities to IT companies that want to expand the business and facilitates remote working conditions for employees.
 “We are confident in the plan to grow our business, including in the large cities in Romania, and this strategy aims to capitalize on local talent, especially in cities with important universities. We have already started recruiting programmers in Iasi, Timisoara and Cluj. Tellence continues the expansion plans in 2021, with projects that will generate over 100 new jobs for specialists in various software technologies” pointed out Leo Radu, Tellence General Manager and Co-Founder.
Tellence estimates that the modern technologies used in its projects are an asset in the recruitment process and will help to quickly achieve the growth goals set by the company.

Unicorn database company and home of the ‘Most Loved Database’ by developers is building a cloud R&D center with Tellence in Bucharest

Tellence, a leading provider of high-tech Software & Engineering services, announced today that it will expand its collaboration with Redis Labs to create a new product development team focused on Redis Enterprise Cloud, Redis Labs’ fully managed Database-as-a-Service (DBaaS) offering. Tellence will work in partnership with Redis Labs’ Research & Development leadership to build a significant cloud services R&D center in Romania staffed with developers who are experienced in full stack Java development over cloud infrastructure, DevOps engineering,  quality assurance, and automation engineering.

Redis Enterprise Cloud is a cost-effective, fully managed DBaaS available as a hybrid and multi-cloud solution across Microsoft Azure, Google Cloud, and AWS. Built on a serverless concept, Redis Enterprise Cloud simplifies and automates database provisioning. Designed for modern distributed applications, Redis Enterprise Cloud also delivers sub-millisecond performance at a virtually infinite scale. This allows developers and operations teams to deliver intelligent, high-performance, scalable, and resilient applications faster using Redis native data structures and modern data models.

“The database market is rapidly moving to the cloud and we’re accelerating our investment in Redis Enterprise Cloud to deliver a market-leading service to our customers – as they make their own shift to building applications that require real-time, intelligent data processing in the cloud. We believe we’ve found the right partner in Tellence which has an impeccable track record in creating engineering teams with expertise and that can push technology forward. Bucharest offers a wealth of experienced engineering talent and because it is in close proximity with Redis Labs engineering leadership in Tel Aviv, offers the best foundation for a successful collaboration,” said Itai Raz, Chief R&D Officer, Redis Labs.

“We’re honored to have Redis Labs as our client, home of the world’s most popular in-memory database. We’re confident that the collaboration with Redis Labs will be both a fantastic opportunity for harnessing local talent and speeding up time to market to support the incredible market growth of Redis Enterprise Cloud,” said Leo Radu, General Manager & Co-Founder, Tellence

Redis Labs, Redis Enterprise, and open source Redis have achieved several milestones and garnered numerous accolades over the past year. The company closed a $100 million USD Series F funding round in August, boosting the total funding Redis Labs raised to $246 million USD at a company valuation of more than $1 billion USD. In June, Redis was named the Most Loved Database for the fourth consecutive year in Stack Overflow’s Annual Global Developer Survey. Redis Labs was also positioned furthest to the right on the Completeness of Vision axis in the Challenger quadrant in the November 2020 Magic Quadrant for Cloud Database Management Systems by Gartner.

DriveNets and Tellence to Double Bucharest R&D Team

DriveNets, the builder of the Worlds’ Largest Disaggregated Routers for Communications Service Providers, to hire 50 additional engineers after reaching its Q2 2020 recruitment target a quarter early

RA’ANANA, Israel and BUCHAREST, RomaniaApril 7, 2020 /PRNewswire/ — DriveNets, the webscale networking software company today announced that based on the success of their current Bucharest based team, they will double the team size – growing it from the current 50 to 100 by the end of 2020. The center of excellence will strengthen the companies’ technological leadership in working with Tier 1 service providers to build their networks for the next 20 years. With the COVID-19 pandemic creating unprecedented traffic growth reported by service providers globally, it is expected that the need for high-scale low-cost networking solutions such as DriveNets Network Cloud solution will increase.

In September 2019 Tellence, a leading provider of high-tech Software & Engineering services, created a significant R&D center for DriveNets and have now successfully trained and integrated with the Israel based teams ahead of schedule. DriveNets and Tellence are now seeking software engineers with expertise in Networking, NFV/SDN & Cloud Solutions, Customer Support Engineers with deep understanding of Networking Routing & Switching protocols & Networking Quality Assurance Engineers.

Tellence is recruiting developers and support & QA engineers who are experienced in routing, Layer 2, BSP & scalable elastic Software architectures, state of the art web front-end & back-end solutions, DevOps, and QA – Manual & Automatons. It is also looking for domain experts in the following areas:

  • Protocols: BGP (UC,LU), IS-IS, OSPF, OPSF-TE, RSVP, LDP, VPN & MVPN
  • FrontEnd: React, NodeJS, JS, CSS, UI/UX

DriveNets’ Network Cloud is significantly disrupting the service providers market with the highest-scale distributed disaggregated cloud native router software currently on the market. DriveNets is challenging incumbent routing solutions and their economic model. DriveNets Network Cloud is already in various testing phases with tier 1 service providers worldwide. The company was named the No.1 Startup in Israel by Globes for 2019 and one of the 47 enterprises to bet your career on by Business Insider.

In addition to closing a $117 million Series A Round, which was led by Bessemer Partners and Pitango Ventures, DriveNets has several prominent private investors which include John Thompson, chairman at Microsoft and former CEO of Symantec, Steve Luczo, former CEO and current chairman of Seagate and former CEO of Palo Alto Networks, Mark McLaughlin.

“DriveNets is impressed with the speed with which these very talented engineers have learnt the ropes and become part of our team. Their expertise, dedication and strong teamwork have already made a great impact on the breadth and quality of our solution. Tellence has been a valuable partner to us and we feel confident that our international team is now honing the technology that will upend the way service providers build their networks for greater scale and profitability.” – Ido Susan, CEO and Co-Founder, DriveNets

“Tellence is proud of the strong contribution the Romanian team has already made to DriveNets releases and are excited to double the team of local talent.” – Leo Radu – Tellence Co-Founder & Romania General Manager

“In the last 6 months Tellence and DriveNets have achieved a fast and productive integration of the Romanian teams to the core of Drivenets research and development groups, now spanning over all areas of expertise, including routing, management, chip programming and devops. We are ready to grow in all these areas at an incredible pace.” – Amir Krayden, VP R&D Customers, DriveNets

DriveNets & Tellence open a major R&D Center in Romania

Bloomberg

DriveNets & Tellence Technologies open a major R&D Center in Romania to help build DriveNets Network Cloud – the foundation of Service Providers’ network of the future

The webscale networking software company is partnering with Tellence, a leading provider of software and engineering services, to create a R&D Center of Excellence in Bucharest for developing DriveNets Solution.

Ra’anana, Israel & Bucharest, Romania September 23, 2019 – DriveNets, the webscale networking software company, which recently closed a $117 million Series A funding round, announced today that it is opening a significant R&D center in Romania. Tellence, a leading provider of high-tech Software & Engineering services will create the center and is currently looking for software engineers with expertise in Networking, NFV/SDN & Cloud Solutions.

Tellence is seeking developers who are experienced in routing, Layer 2, BSP & scalable elastic Software architectures, state of the art web front-end & back-end solutions, DevOps, and QA – Manual & Automatons. It is also looking for domain experts in the following areas:

Protocols: BGP (UC,LU), IS-IS, OSPF, OPSF-TE, RSVP, LDP, VPN & MVPN

FrontEnd: React, NodeJS, JS, CSS, UI/UX

DriveNets’ Network Cloud is significantly disrupting the service providers market, challenging incumbent routing solutions and their economic model. It is the highest-scale cloud-native disaggregated router software on the market, and is already in PoCs with tier 1 service providers worldwide. It can handle traffic of hundreds of Tb/s in one distributed router cluster and accelerate service providers profitability models in the 5G era.

In addition to closing a $117 million Series A Round, which was led by Bessemer Partners and Pitango Ventures, DriveNets has several prominent private investors which include John Thompson, chairman at Microsoft and former CEO of Symantec, Steve Luczo, former CEO and current chairman of Seagate and former CEO of Palo Alto Networks, Mark McLaughlin.

“The key to DriveNets success at changing the economic and technological model for service providers is pioneering engineering. We chose to build a center of excellence in Bucharest with Tellence who have an impeccable track record in Romania, to fuel that expertise and further hone our technology.” Ido Susan, CEO and CO-Founder, DriveNets

“DriveNets is leading the way for network transformation to the cloud and we’re delighted to be a part of that journey. Building a Romanian facility will be both a fantastic opportunity for harnessing local talent and speeding up time to market to support the incredible market growth of networking services and 5G buildouts.” Efi Levinzon, Director & Co-Founder, Tellence

About DriveNets

DriveNets helps Communications Service Providers (CSPs) take advantage of the greatest demand surge in Telco history, substantially growing their profitability by changing their technological and economic models. DriveNets’ solution – Network Cloud changes the traditional networking architecture that has been in place for the past twenty years by adapting the architectural model of hyperscalers to Telco-grade networking. Network Cloud is a cloud-native software that runs over standard white-boxes, radically simplifying the network’s operational model, offering Telco-scale performance at a much lower cost.

DriveNets, founded by Ido Susan and Hillel Kobrinsky was founded by two successful Telco entrepreneurs. Susan previously co-founded Intucell, the company that invented the Self Optimizing Network (SON) which was acquired by Cisco in 2013 for $475 million. Kobrinsky founded the web conferencing specialist, Interwise, which was acquired by AT&T for $121 million.

About Tellence Technologies

Tellence, established in 2012 by a group of technology professionals, Tellence is a leading provider of high-tech Software & Engineering services. The company is focused on Research & Development and Customer Engineering Support, and its Engineering Solution Center handles software development, quality assurance & customer support.

Tellence operates in a broad range of industries: Automotive, Telecommunications, Cyber Security, OTT, Broadcasting, SatCom & Semiconductors.

The name “Tellence” is a combination of technology and excellence. In keeping with its name, Tellence offers innovative and advanced solutions that are flexible in providing each customer with the right offering for their needs and scope, as well as deep operational and development experience. The result: uncompromising service that provides the customer with the highest quality solution while also saving them significant costs.

IT&C visit in Asia Today

 

We translate and reproduce an article from Asia Today regarding to the IT&C visit to Gyeonggido Business & Science Accelerator.

 

 

Romania ICT company delegation visits Gyeonggido Economic Science Promotion Agency

News | Article approval 2018 December 6th, 15:16

Ten ICT company delegations from Romania visited Gyeonggi Provincial Economic Science Promotion Agency

Discussion on the current situation of ICT industry in both countries, and ways to promote investment cooperation

Romanian Information and Communication Technology (ICT) business delegations took a commemorative photo of visiting the Gyeonggi Provincial Economic Science Promotion Agency.

Romania’s Information and Communication Technology (ICT) business delegation visited Gyeonggi Provincial Economic and Science Promotion Agency and discussed business cooperation with Gyeonggi Province in the future.

Gyeonggi Provincial Science and Technology Agency (KISA) said at the request of the Embassy of the Republic of Korea (ROK) that the representatives of the ICT Mission in Romania in the morning had a meeting with the representatives of the ICT industry,

This mission, consisting of 10 small and medium-sized companies belonging to Romania’s Information Technology and Telecommunications Association (ATIC), benchmarked the status of the advanced ICT industry in Gyeonggi-do and the SME export support policy, It was promoted as a place of opportunity for building.

An official from Kyunggwang said, “The interest of Romanian businesspeople in Gyeonggi Province’s excellent enterprise support policy and industrial ecosystem was very high.” With this opportunity, we plan to establish a basis for exchanges between companies in the capital and Romania. ”

See and read in original language: http://m.asiatoday.co.kr/kn/view.php?key=20181206010003808

Opening new markets in South Korea

The IT&C mission relocated to South Korea to continue its activities. In Seoul, the mission, including Mr. Leo Radu Tellence Technologies cofounder, was in a business seminar and networking in Seoul in cooperation with Kotra (investment promotion organization operated by the Government of South Korea).and Koima. (Korea Importers Association). According to Mr. Radu, there are some good inputs between Korean and the Romanian companies that may finish with future business between both countries and for Tellence.

Mr. Leo Radu introducing Tellence to the Japanese IT industry

 

Mr. Leo Radu, Tellence Technologies co-founder, is present in Tokyo as part of the Romanian IT&C mission that has moved to Japan and Korea in these first days of December with the aim of analyzing the possibilities of establishing commercial ties in the sector technology between both countries and Romania.

Last Tuesday, December 3rd, Leo Radu presented Tellence to the Japanese industry as a company that offers high-tech Software & Engineering services based on quality, excellence and commitment to its customers.

We hope to have positive results from this mission and open Tellence to the Japanese technology market.

Economic mission of IT&C companies in Japan and Korea. December 1st – December 6th, 2018

 

Between 1st and 6th of December 2018, the Romanian Government in partnership with ATIC will organize an economical mission in Japan and South Korea. The event is supported by JISA (Japan Information Technology Service Industry) and KOIMA (Korean Importers Association) based on their partnership with ATIC.

The mission will start in December 3rd in Tokio (Japan) and during Wednesday 5th and Thursday 6th, the mission will relocate to South Korea with 2 different sessions, one with KOIMA and on December 6th with GBSA (Gyeonggido Business & Science Accelerator). In both countries, ATIC and the IT Romanian companies will discuss the capabilities and the cooperation opportunities in Romania.

Mr. Leo Radu, Tellence co-founder, will participate in the event presenting Tellence Technologies as one of best partner possible in the IT sector in Romania. Tellence hopes to open new market possibilities in the Far East offering its expertise, excellence and solutions.

 

About Tellence

Tellence is a leading provider of high-tech Software & Engineering services. The company is focused on Research & Development and Customer Engineering Support, and its Engineering Solution Center handles software development, quality assurance & customer support.

Tellence operates in a broad range of industries: Automotive, Telecommunications, Security, SatCom, Financials, Mobile applications, new media & Broadcasting & Semiconductors.

The name “Tellence” is a combination of technology and excellence. In keeping with its name, Tellence offers innovative and advanced solutions that are flexible in providing each customer with the right offering for their needs and scope, as well as deep operational and development experience. The result: uncompromising service that provides the customer with the highest quality solution while also saving them significant costs.

 

About JISA

Japan Information Industry Association (JISA) is the largest non-profit organization of Japan’s IT industry, related to the Japanese Ministry of Economy, Trade and Industry (METI). It was established in 1984 as a merger of Japan Information Center Association and Software Industry Promotion Association.

Japan Information Technology Service Industry Association works for greater dynamism and sophistication in the industry through nine activities. These include surveys and research related to business operations and technology, providing information, and international exchange.

 

About GBSA

Thanks to the encouragement and support of Gyeonggi citizens, two institutions in charge of regional business and scientific development—namely, the Gyeonggi Small and Medium Business Support Center (GBSA) and the Gyeonggi Institute of Science & Technology Promotion (GSTEP)—have been integrated to form GBSA, which was officially launched on January 1, 2017

Through the integration of business and science, GBSA will be able to provide more systematic support and take the lead as “a platform that provides integrated support for business and science & technology in Gyeonggi.”

 

 

 

Tellence at IBC Show 2018 Amsterdam

IBC Show 2018 is here to come in few day,

We collected some of the facts one can hear while passing between the different booths of the vendors, Broadcasters, service operators & carriers.

IP Transformation,

NFV – Network Function Virtualization,

Orchestration,

HEVC,

4K,

OTT – Over the Top,

RF & Hardware out,

Only Software solutions,

Accelerators,

IP Work Flow,

IP Streaming,

Digital Cinema,

HTS – high throughput satellites,

Non-Linear TV,

Personalized TV,

& others…

All these common statements are part of on-going revolution related to the increase demands of data capacity for streaming, improving the end user video experience on a mobile device while providing a wider variety of content options to be viewed anytime, anywhere by any aim.

Want to learn more how Tellence can help you manage your future/Existing IP Work Flow & transition?

Schedule with us a meeting at IBC Show, email us to: info@Tellence.net