Strata advised Logan-Orviss International on the sale of its telecoms consulting business

Transaction Summary

Advised Logan-Orviss International on the sale of its telecoms consulting business to Patni Computer Systems Inc (NYSE: PTI), a global provider of IT services and business solutions

Transaction Highlights

• Logan-Orviss International sold its specialist telecommunications consulting services business to Patni Computer Systems Inc (NYSE: PTI), the Indian provider of IT Services and business solutions listed on the New York Stock Exchange, for 1.9 times historic revenues including earn outs related to future performance of the business

• The acquisition strengthened Patni’s capability in its communications and media practice enabling it to provide operators with thought leadership and operational transformation consulting for mission-critical IT initiatives

• Strata Partners structured, managed and successfully executed the sale process involving a number of large international bidders from Europe, India and the US and advised Logan-Orviss on tactical aspects of the transaction such as key management incentivisation

• The success of the transactions demonstrates Strata’s commitment to providing first class advisory services to private, owner-managed companies and its ability to secure the interest and attention of a large, international buyer universe

Company Profiles

• Logan-Orviss International is a leading provider of telecommunications consulting services. Since being founded in 1995, Logan-Orviss International has successfully delivered more than 200 projects for Operators in over 40 countries, including Vodafone, Telstra, VimpelCom, Eircom and KPN

• Patni Computer Systems Ltd (NYSE: PTI) is a global provider of IT services and business solutions, servicing Global 2000 clients. Patni has an employee strength of over 12,000; multiple global developmental centres spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific. Patni has registered revenues of US$ 579 million for the year 2006