SIB Fixed Cost Reduction Acquires Sage Management
O2 Investment Partners (“O2”) is pleased to announce that SIB Fixed Cost Reduction (“SIB”) has acquired Sage Management (“Sage”) . 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.”
Recommended AI News: Tuya Smart Releases An All-In Bluetooth Development Capability
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.”
Recommended AI News: BSV Blockchain Sets New World Record for Daily Average Block Size