We are delighted to announce that MDSL has now been combined with Telesoft, following a strategic investment by Sumeru Equity Partners (SEP). The combination of our organizations will increase scale, global delivery capability and continue to emphasize our core value of outstanding customer service.
We know from our experience in the TEM industry that bigger doesn’t automatically mean better for customers. With this in mind, our decision to partner is the result of a strategic move discussed over several months, ensuring our unique strengths and capabilities would combine to put us in the strongest possible position for growth, innovation and customer success.
The expanded MDSL will operate under a single, global operational model and will offer two distinct software platforms targeted for two separate market segments—one serving global enterprises with a pure SaaS model and the other serving US-based organizations with a hybrid, on-premise license or managed services model. We are delighted with the reputation both companies have for delivering value and providing outstanding customer service in their respective market segments, and so we see no reason to merge technology platforms or move customers from one platform to another. We maintain a commitment to both platforms, with a distinct product roadmap that will last over 10 years, providing customers with continued, uninterrupted high-quality service.
MDSL has been succeeding in winning world-class enterprise customers. We are greatly surpassing the growth rate of the TEM market, based on our outstanding customer service, advanced software platform and unique global capabilities. This investment provides us with the ability to meet the huge demand we have been experiencing over the last few years and accelerate the development of our existing TEM and financial sector products. We look forward to sharing the best features between our two complementary platforms, and a boost into the development of newer categories like cloud, IoT, and the next generation of enterprise technologies.
We strongly believe that this combination is very attractive for the TEM market and for the domestic and global organizations looking for solutions. We think it’s no coincidence that the two fastest growing providers in the TEM market are those most often recognized for outstanding customer service. These companies combined is only going to lead to further growth, and establish MDSL as a clear market leader.
Chief Architect, MDSL
Telesoft’s vision is to become the worldwide leader in recurring expense management, with a relentless pursuit of cost savings and simplicity; through best-in-class people, processes, and intelligence.
MDSL are world leaders in Technology Expense Management and related services. MDSL partner with enterprises to provide clarity, control, compliance, and cost savings across their global technology estates. MDSL provide a unified expense management platform encompassing categories such as telecoms, cloud services, the Internet of Things and Financial Market Data. By providing best practice procedures, unparalleled visibility of spend and automating time-consuming processes, MDSL help ensure global digital transformations are smooth, secure and cost-effective. For more information, visit www.mdsl.com
Sumeru Equity Partners (SEP) builds growth leaders in mid-market technology – within their portfolio they have software firms such as: Snow, Cybera, Blackline, Talend and Velocity.
The combined companies will fall under the MDSL name and brand.
Both companies are values-based organizations who share a passion for innovation and an intense focus on customer satisfaction and employee/colleague success. The combined company will continue to embody that same spirit, creating exciting opportunities for employees/colleagues and delivering on our shared goals to bring a broader, richer set of content, solutions, and next-generation software and services across expense management to our customers.
MDSL will have over 350 employees distributed across Europe, North America, Asia and Africa.
MDSL’s corporate headquarters will be located in Phoenix, AZ and London, UK will continue to serve as MDSL’s operational headquarters for international customers.
MDSL’s management team will be comprised of Chairman Ben Mendoza, CEO Charles Layne, CTO Simon Mendoza, CFO Tamara Saunders, COO Daman Wood, CAO (EMEA) Lesley Mendoza, and Chief Architect Thierry Zerbib.
MDSL has committed to supporting both platforms separately for the next 10 years. This will ensure that customers will not experience any issues which often come with “technology mergers”. In the long run, the new MDSL will be able to share development progress and take the best elements out of each platform, where relevant, to better serve all of the loyal customers that have put their trust in Telesoft and MDSL. We will strive to ensure that all our customers will continue with business as usual throughout the merger and into the future.
Nothing will change for any of our Financial Market Data customers, MDSL remain dedicated to delivering the best possible solution to the financial technology and market data industries. We will continue to grow as the market leader in this sector and the investment from SEP will guarantee that the development and innovation for our MDM platform will remain a priority for MDSL.
If you have questions regarding the SEP investment in MDSL or the merger, please send us a note using the form below