Bloomfield Hills-based O2 Investment Partners has announced its portfolio company, SIB Fixed Cost Reduction, has acquired Sage Management, an Arlington, Va.-based telecommunications solution company.
As a new platform through O2’s third fund, SIB has completed three add-ons since March 2020.
“O2 is extremely pleased to welcome the Sage team to the SIB platform,” says Pat Corden, a partner at O2. “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.”
Sage was founded in 2004 by Scott Johnson and Patrick Lowell, and today serves large telecom service providers, enterprises, and government customers. The company works to provide its clients with advanced software and tools to optimize cost and boost various business communication networks.
“We have spent the last 15 years perfecting our value proposition, and we have now reached an inflection point,” says 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.”
“Sage introduces a new adjacency that transforms SIB’s telecom cost reduction capabilities,” says Kevin Flounders, CEO of SIB. “The company has been growing at an impressive rate and combining their … 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.”