San Jose, CA – January 21, 2015 – 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. “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.
Headquartered in San Jose, CA, 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. 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.
VXI is a leading IT services company specialized in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing. 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.