MDSL, a global leader in Technology Expense Management ("TEM") and Market Data Management (“MDM”) solutions, has relaunched its globally recognized brand as it builds on a record year of growth in the TEM and MDM markets. MDSL, who merged with competitor Telesoft back in August 2017, continues to expand market share through innovative product enhancements. The shared best practices between the combined research and development teams over the past three months have accelerated platform innovation across expense management, enterprise mobility, and business intelligence.
“2017 has been a great year for MDSL, and we’re excited to compound that growth through 2018 and beyond under our newly unified brand,” said Charles Layne, Chief Executive Officer of MDSL. “The opportunity in the marketplace to expand into adjacent technologies beyond telecom and finance, including cloud and the Internet of Things, is very exciting. Our R&D team is delivering these industry leading technology innovations as we speak, and we look forward to helping our clients solve pressing issues within these new technology categories.”
Sumeru Equity Partners announced its acquisition of MDSL and subsequent merger with competitor Telesoft in July of 2017. The news garnered overwhelmingly positive reactions from clients and analysts, bringing together the top-two customer satisfaction rated providers in the industry. AOTMP, a global leader in telecom management best practices, has recently published a report reinforcing MDSL’s customer focused efforts and how they are committed to removing the pain enterprises experience when switching vendors.
“AOTMP sees this investment by Sumeru Equity Partners as a strong indicator of the continued future growth and expansion of the Telecom Expense Management and Market Data Management industry,” said Tim Lybrook, President and CEO of AOTMP. “The rebranding symbolizes the strength and innovation of the new global entity.”
MDSL is more than halfway through the integration activities across Finance, HR, Sales/Marketing, and Operations to combine Telesoft under the MDSL brand. The team is on pace to complete the balance of integration tasks during the first half of 2018. As part of these activities, the continued investment in a dual platform strategy has resulted in no customer impact and is working as designed.
Since the acquisition and subsequent merger, MDSL has expanded its workforce by more than 10% in the past three months, and now employs over 400 individuals globally with locations in North America, Europe, and Asia. The company serves hundreds of blue-chip enterprise and public sector customers representing billions of dollars of technology, communications/mobility, and market data spend.