Calero Software and MDSL Announce Merger in Transaction led by Oak Hill and Riverside Partners
Summary
Once combined, the companies will have additional resources to accelerate significant investments in product development and customer service innovation, including in exciting growth areas such as IoT, SaaS and Cloud. “Both Charles and Scott are accomplished executives who bring the leadership, passion and industry experience required to take the combined company to the next levels of success. CEO Charles Layne said, “During the past 25 years, both MDSL and Calero have focused on technology innovation and automation, which our clients have embraced and appreciated. We believe that bringing together these two forward-thinking, customer-fixated organizations will drive bolder innovations, accelerated timelines, and more value for companies in managing technology expenses.” Adam Hahn, Principal of Oak Hill stated, “Technology Expense Management is a fast-growing space that addresses complex customer pain points and possesses attractive business model characteristics that match Oak Hill’s targeted investment criteria. By providing best practice procedures, unparalleled visibility of spend and automating time-consuming processes, MDSL helps ensure global digital transformations are smooth, secure, and cost-effective.