CORRECTING and REPLACING Orion Business Innovation Combines with MERA

One Equity Partners Orchestrates combination

Addition of Switzerland-based Firm to Orion Expands Outsourced
Product Development and Eastern European Footprint

EDISON, N.J.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to
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The corrected release reads:

ORION BUSINESS INNOVATION COMBINES WITH MERA

One Equity Partners Orchestrates combination

Addition of Switzerland-based Firm to Orion Expands Outsourced
Product Development and Eastern European Footprint

Orion Business Innovation (“Orion”), a fast-growing firm focused on
digital transformation, announced today that it will combine with MERA.
MERA, an outsourced product development company headquartered in
Switzerland, received a significant investment from One Equity Partners
(“OEP”) leading to this combination.

The combined entity will have 3,000 highly skilled employees in 12
locations across 9 countries.

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 strength in
enterprise software design, outsourced product development, cloud
computing, mobility, point of sales applications, telematics and
cybersecurity. The combined firm will have the leading set of skills and
capabilities in the outsourced software development industry.

Alex Bogachek, CEO, and Igor Piruyan, COO, will continue to lead the
MERA team and the combined entity will be led by Raj Patil, CEO of
Orion. Senior managers and the leadership team assembled by MERA will
remain in-place. The expanded company will add Kazan, Belgrade, Vilnius,
Atlanta, Zurich and Nizhny Novgorod to its existing footprint in the US,
UK, Australia and India increasing client proximity and customer
intimacy.

“We are very excited to continue to support Orion’s growth within the
fast-growing digital consulting, application transformation, product
engineering and infrastructure-cloud market segments. Large enterprises
typically engage with Orion on complex multi-year digital transformation
initiatives to meet their long-term strategic objectives,” added to Chip
Schorr, Senior Managing Director at One Equity Partners.

“We are delighted to join forces with Orion,“ Alex Bogachek, MERA CEO,
stated. “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
high-touch enterprise digital transformation software, services 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 170 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

For additional information:
Orion Business Innovation
877-456-9922
@orioninc.com

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