With this acquisition, Orion 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, 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.
Upon closing of the transaction, Tellence associates will become part of Orion’s Digital Product Development team. Efi Levinzon, co-founder and CEO of Tellence, and Leo Radu, co-founder and General Manager of Tellence, will join Orion’s management team. Radu will lead Orion’s Romanian team as General Manager, and Levinzon will lead sales, partnerships, and client relations in Israel and other geographies.
“Tellence has a world class engineering team in Romania that will greatly benefit Orion’s clients across the globe. Adding an R&D delivery center in Romania is a perfect complement to our existing digital product development teams in Europe, across Russia, Serbia, and Lithuania,” said Alex Bogachek, who leads Orion’s Digital Product Development team globally.
“Joining Orion will give us the infrastructure to further expand into the U.S. and European markets and to access a global base of engineers to help our clients scale even faster,” said Levinzon.
Tellence Technologies reported a turnover of RON41 million in 2019 and a net profit of RON3.54 million, according to finance ministry data. Tellence had 144 employees in 2019.