NEW YORK – July 17, 2019 — One Equity Partners (“OEP“), a leading middle market private equity firm, today announced that its portfolio company Orion Business Innovation (“Orion”), a fast-growing, digital transformation firm, completed the acquisitions of Behavior Design and Cabeus, Inc. Financial terms of the transactions were not disclosed.
Headquartered in New York City, Behavior Design is a strategy and design firm that creates interactive experiences that educate, entertain and engage audiences, while Cabeus is a Plainsboro Township, N.J.-based provider of digital enterprise transformation, regulatory information management and a SaaS platform that serves life sciences businesses.
“These acquisitions will further strengthen Orion’s position as a premier provider of high-touch enterprise digital transformation software, IT and consulting service offerings,” said Chip Schorr, Senior Managing Director, OEP. “This transaction is another example of OEP’s ability to identify strategic acquisitions in partnership with management that transform businesses into global market leaders.”
“Our mission is to drive business innovation rooted in both engineering and design thinking,” said Raj Patil, CEO of Orion. “These offerings further differentiate Orion and we’re excited to welcome this talented team to the Orion family.”
Since OEP acquired Orion in October 2018, it has continued to grow through a combination of organic and strategic initiatives that have strengthened its domain expertise and ability to provide multi-service offerings across multiple industry verticals. In March, Orion combined with MERA, an outsourced digital product development company headquartered in Switzerland.
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 180 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.
Orion is a premier, global business and technology services firm that provides digital transformation, automation and digital product development services. Rooted in engineering and design thinking, along with a unique combination of agility, scale and maturity, its team of over 3,500 associates help Fortune 1,000 companies increase efficiencies, improve customer experiences and develop new digital offerings. Orion with its delivery centers in the US, Asia and Eastern Europe, has served clients across financial and professional services, pharmaceutical and life sciences, automotive, communications and media, professional sports and entertainment, and education. For more information, visit www.orioninc.com.
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