Sumeru Equity Partners, a UK-based private equity firm which purchased Phoenix-based Telesoft back in August of 2016, has now purchased MDSL, a global leader in technology expense management. Combining Telesoft’s technology and expertise with its own, MDSL has now emerged as a big player in the Arizona tech community.
According to a recent press release, “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.”
Read the full release here.