Tellence Technologies, a privately held technology services company headquartered in Bucharest, is to be acquired by a leading digital transformation and product development services firm.
The firm is Orion Innovation, which says that, with this acquisition, it is strengthening its European presence by establishing an R&D operation in Romania, with associates across Bucharest and other major cities, as well as Tel Aviv in Israel.
The Bucharest site will host more than 300 engineers, primarily focusing on digital product development services for several global clients. The Romanian operation is expected to continue its rapid expansion, growing to over 1,000 engineers in the coming years.
Founded in 2012, Tellence develops and delivers cutting-edge technologies to companies in telecommunications and media, cyber security, and other industries. Its clients include what Orion describes as emerging unicorns disrupting the telecommunications industry. More to the point perhaps, the company has a history of strong growth over the past decade, serving as the trusted research and development partner to drive innovation for its clients and help them scale.
The Tellence transaction expands Orion's strength to more than 4,500 global associates distributed across Europe, Asia Pacific and the US. However, this deal is clearly relevant to regional as well as global development. Alex Bogachek, who leads Orion's digital product development team globally, is quoted as saying, “Adding an R&D delivery centre in Romania is a perfect complement to our existing digital product development teams in Europe, across Russia, Serbia, and Lithuania.”