Sumeru Equity Partners Acquires MDSL

Telesoft and MDSL to Combine Operations

Our sincere expectation from the outset is that this partnership will immediately bring benefits to our customers.

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.

“MDSL has been succeeding in winning world-class enterprise customers. We are surpassing significantly the growth rate of the TEM market, based on our outstanding customer service, advanced software platform and unique global capabilities. We have recognized that our new business growth would soon outpace our organic capabilities,” said MDSL Chairman Ben Mendoza. “We have been seeking a partner that shares our vision for TEM across all of IT spend and prioritizes the importance of guaranteed delivery and exceptional service levels for new and existing customers. We see SEP and Telesoft as ideal partners because of our shared focus on innovation and customer care. As is the case with MDSL, Telesoft has a very loyal customer base and our markets are highly complementary. Having the financial backing of SEP will enable us to continue to delivery consistent and high quality services to our customer base. We will be stronger and even more…

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