Market Data Services Limited has been sold to Sumeru Equity Partners

The shareholders of Market Data Services Limited (MDSL) have sold the company to Sumeru Equity Partners (SEP) which have combined the business with another TEM provider, Telesoft.

Established in 1995, MDSL is a leader in Technology Expense Management (TEM). With operations in the UK, USA, Europe and Asia, MDSL partners with enterprises to provide clarity, control, compliance and cost savings across their global technology estates. MDSL prides itself on its outstanding customer service, advanced software platform and unique global capabilities, providing a unified expense management SaaS platform encompassing categories such as telecoms, cloud services, the Internet of Things and financial market data alongside associated managed and professional services.

SEP is a technology-focused, middle-market private equity firm founded in 2014 by an experienced group of investors and operators from Silver Lake Sumeru, a US$1.1 billion fund started in 2007 within Silver Lake.

Oaklins Smith & Williamson, based in the UK, acted as lead advisor to the shareholders of MDSL to conduct an international search for a strategic partner to support the company's continuing growth and to strengthen its position as global TEM leader.