PHOENIX, AZ & LONDON — July 31, 2017 – MDSL, a global leader in Technology Expense Management (“TEM”) solutions, announced that Sumeru Equity Partners (“SEP”) has acquired the company and made a strategic investment in support of the company’s continuing growth, strengthening its position as a global TEM leader.
SEP, which also owns TEM provider Telesoft, has acquired MDSL based on its explosive growth rate, global reach, advanced technology platform, market leading customer service and high quality of employees. SEP will combine its Telesoft investment into MDSL. SEP has owned Telesoft for nearly one year and has experienced strong success in growing the business and scaling operations. The combination of the MDSL and Telesoft organizations will increase scale and global delivery capability while continuing to emphasize the core value of outstanding customer service.
The two companies will be coming together under the MDSL brand. MDSL’s management team will be comprised of Chairman Ben Mendoza, CEO Charles Layne, CTO Simon Mendoza, CFO Tamara Saunders, COO Daman Wood and Chief Architect Thierry Zerbib.
The transaction closed in July 2017 and financial details were not disclosed. Smith & Williamson provided financial advisory services to MDSL, and Mooreland Partners provided financial advisory services to SEP and Telesoft.