Arlington’s Sage Management acquired by S.C. firm
Telecommunications software company was founded in 2004
Sage Management, an Arlington-based telecommunications software company, has been acquired by Charleston, South Carolina-based SIB Fixed Cost Reduction, SIB parent company O2 Investment Partners announced Tuesday.
Financial details of the transaction were not disclosed.
“Sage introduces a new adjacency that transforms SIB’s telecom cost-reduction capabilities,” SIB CEO Kevin Flounders said in a statement. “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.”
Founded by Scott Johnson and Patrick Lowell in 2004, Sage Management owns inFuse software, which automates the process of creating an inventory of telecommunications assets and correcting billing issues. The software is the center of Sage’s intercarrier blockchain solution.
“The combination of Sage and SIB,” Lowell said in a statement, “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.”
SIB is a fixed-cost reduction company that makes its fees contingent on reducing costs for clients. Private equity firm O2, based in Michigan, acquired SIB in March 2020 as a new platform for its third fund.