BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–Aug 3, 2021–
O2 Investment Partners (“O2”) ( www.o2investment.com ) is pleased to announce that SIB Fixed Cost Reduction (“SIB”) ( www.aboutsib.com ) has acquired Sage Management (“Sage”) ( www.sagemi.com ). SIB has now completed three add-ons since March 2020 when it was acquired as a new platform for O2’s third fund.
Kevin Flounders, CEO of SIB, commented, “Sage introduces a new adjacency that transforms SIB’s telecom cost reduction capabilities. The company has been growing at an impressive rate and combining their brilliance and cutting-edge services with our go-to-market infrastructure will allow the whole platform to scale more rapidly. Following the recent addition of The Fox Consulting Group, SIB continues to execute its strategy of expanding the company’s service offerings and deepening vertical expertise. We look forward to working with the Sage team and growing together.”
Founded by Scott Johnson and Patrick Lowell in 2004, Sage provides best-in-class software-driven solutions that enable telecom service providers, large enterprises, and government customers to optimize their communications inventory and spend. The company’s inFuse software automates the process of building an accurate inventory of telecom resources, enhancing network topology, and correcting billing inaccuracies. inFuse is the keystone to Sage’s market-leading intercarrier blockchain solution.
“We have spent the last 15 years perfecting our value proposition, and we have now reached an inflection point,” said Lowell. “The combination of Sage and SIB, driven by strong leadership and a dedicated team, will create new opportunities to scale our services to more customers and address a vastly underserved market.”
Pat Corden, Partner at O2, commented, “O2 is extremely pleased to welcome the Sage team to the SIB platform. The fit is exceptional, and the team has already begun to execute its go-to-market strategy with several exciting opportunities. We are grateful for the Sage team’s confidence in the SIB and O2 teams. We also extend our thanks to our financial partners TCF Capital Funding and LBC Small Cap Credit for their confidence and continued support in this investment.”
About SIB Fixed Cost Reduction:
SIB is a leader in fixed cost reduction services providing invoice analysis, vendor negotiation and cost monitoring for customers across a variety of expense categories including telecom, utilities, and waste management. The company earns contingent fees based on the savings found for clients. SIB is headquartered in Charleston, SC. Additional information is available at www.aboutsib.com.
About Sage Management:
Sage Management provides telecom cost optimization services to clients in the carrier, enterprise, and government markets. The company offers its services through its proprietary inFuse software which automates the process of creating an optimized inventory of telecommunications assets and serves as the keystone for its intercarrier blockchain solution. Sage is headquartered in Arlington, VA. Additional information is available at www.sagemi.com.
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. Additional information is available at www.o2investment.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20210803005207/en/
CONTACT: O2 Investment Partners
Pat Corden, Partner
KEYWORD: UNITED STATES NORTH AMERICA SOUTH CAROLINA VIRGINIA MICHIGAN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY TELECOMMUNICATIONS SOFTWARE FINANCE
SOURCE: O2 Investment Partners
Copyright Business Wire 2021.
PUB: 08/03/2021 06:00 AM/DISC: 08/03/2021 06:02 AM
Copyright Business Wire 2021.
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