A New Jersey-based technology services firm has been acquired by Orion Innovation.
Orion, a global business and technology services firm with offices in New Jersey, said Tuesday it had acquired Tekmark Global Solutions based in Edison.
Tekmark, which was founded in 1979, specializes in software engineering, quality engineering, telecom engineering, managed services, cybersecurity and data analytics.
Under the deal, Tekmark’s nearly 850 technology engineers will be added to Orion’s employee roster, resulting in a team of nearly 4,000 associates. It will also significantly enhance Orion’s engineering capabilities in the United States and strengthen its expertise in enterprise software development.
“Strengthening the engineering capacity of our U.S.-based delivery centers has been a strategic priority for Orion as we aggressively grow our digital transformation platform to deliver ‘agility at scale’. This acquisition achieves that objective. Despite the sudden impact to business by the global pandemic, we’ve been able to stick to our strategic growth plans. For that, we are thankful to our associates, clients, and partners for their role in helping us stay on this track by seamlessly adapting to this new normal,” Raj Patil, CEO of Orion, said.
Orion is a portfolio company of One Equity Partners. Financial terms of the deal were not disclosed.
“Joining Orion takes our business to the next level,” Guy DelGrande, CEO of Tekmark, said. “We now have Orion’s extensive resources and capabilities to bring global digital transformation and product development solutions to our clients, while our engineers can bring their skills to a larger global base of clients. We have complementary skill sets and capabilities with Orion and we’re excited to bring our collective strengths together.”