WASHINGTON, D.C., MARCH 10, 2017 – Potomac Equity Partners, LLC (“Potomac Equity”), a Washington, D.C.-based investment firm whose principals have extensive experience investing in the technology sector, today announced the acquisition by their portfolio company Orion Systems Integrators, LLC (“Orion”), of Structured Network Solutions, Inc. (“SNS”). Terms of the transaction were not disclosed.
SNS provides custom software and technology consulting and solutions to enterprise clients in the professional services and financial services industries. Headquartered in New York, the company provides unparalleled expertise in infrastructure, networking and cloud solutions for its customers. Over the years, SNS has established key, stable and long-standing relationships with marquee customer accounts, thereby adding to Orion’s already impressive list of strong customer partnerships.
Headquartered in New Jersey with a global workforce that exceeds 1,500 employees spanning four continents, Orion focuses on delivering solutions across data, analytics, enterprise collaboration, risk and compliance, knowledge management and cloud, thereby enabling its customers to drive their journey “from data to decision making.” The company has established itself as a strategic partner to numerous Fortune 1,000 and large enterprise clients in the financial services, telecom, healthcare, consumer products, education, and government industries. Through its U.S. base and offshore development centers in India, Orion services a broad range of client engagements and delivers cutting edge and cost-effective solutions to clients.
“The strong networking and cloud expertise, along with the exceptional customer relationships which the SNS team has developed, are a perfect complement to the longstanding partnerships that Orion has established with its customers. By enhancing the breadth and depth of services that the combined companies can offer to their respective customers, the opportunity to cross sell services into the existing customer base of both companies makes the combination of SNS and Orion a fantastic fit,” said John Bates, Founder and Partner of Potomac Equity. “Potomac Equity is thrilled to be partnered with the Orion and SNS management teams, and looks forward to continuing its efforts to support the combined company in realizing the numerous opportunities available to it.”
“SNS is a great fit for Orion, and expands the opportunity to cross-sell our collective solutions to an expanding customer base. This is the second add-on acquisition that Potomac Equity has sourced and helped execute for Orion. Potomac Equity was able to help deliver yet another piece of the puzzle as we continue to build out the Orion enterprise,” said Raj Patil, Chief Executive Officer of Orion. “The firm’s expertise in sourcing, negotiating and executing add-on opportunities in the IT services industry has been extremely helpful as we continue to build on the strong growth that Orion has achieved.”
About Potomac Equity Partners
Potomac Equity Partners is a Washington, D.C.-based private equity investment firm focused on providing superior equity returns through the close partnership and collaboration with its portfolio company management team members. The firm strives to invest in companies with leading products and services, superior management teams, and in which its invested capital and collaborative efforts can enable companies to exponentially ramp their long-term growth prospects and overall performance. The principals of Potomac Equity have a long and successful history of investing with management teams across a wide range of industries including software and technology, education and training, information services, and healthcare IT and services. For more information, visit www.potomacequitypartners.com.
Founded in 1993 and headquartered in New Jersey, Orion is a global provider of IT solutions and services to the Fortune 1,000 and other large enterprise clients. The Company serves as a strategic IT partner for leading financial services, healthcare, communications, consumer products, education, and government organizations. Orion delivers solutions across data, analytics, enterprise collaboration, risk and compliance, knowledge management and cloud. Orion’s ability to service a broad range of clients using its blended engagement models has resulted in delivering cutting edge and cost-effective solutions to its clients, and the company has experienced revenue growth in 22 of the 23 years since its founding. For more information, visit www.orioninc.com.