One Equity Partners announced that it has purchased a controlling interest in Mythics, LLC and its wholly-owned subsidiary Emergent, LLC, a leading public sector focused IT services firm, with business across federal and state, local and education (“SLED”) segments.
Founded in 2000 and headquartered in Virginia Beach, Virginia, MEG is a value-added reseller, distributor, and implementation partner of cloud-based software products to the public sector. The company is a market-leading partner for the top software providers in the Public Sector. Over the past decade, MEG has won numerous awards, including multiple Partner of the Year awards from Oracle and IBM Red Hat for various categories within the Public Sector space and has ranked as a top North American federal partner with Adobe. MEG offers its customers software and hardware licenses, as well as related implementation, maintenance and support services. Following the investment, the founders and senior executives of MEG retained a minority interest in the company alongside OEP.
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“We are excited to partner with the founders and management team of MEG to help accelerate the company’s growth and enable MEG to enhance its position with transformational acquisitions,” said Carlo Padovano, Managing Director, One Equity Partners. “As a key provider of cloud-based solutions to federal and SLED customers, we expect MEG to be an important participant in the public sector’s shift to next generation technologies.”
“We believe One Equity Partners is the right partner for us as we enter our next phase of growth,” said Paul Seifert, the newly appointed CEO of Mythics Emergent Group. “Their deep expertise within the IT services sector and operational support will enable us to further enhance our solutions, while also advancing our mission of helping government agencies modernize their IT systems.”
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“IT modernization is a key public sector priority, and MEG is highly skilled at executing such projects in this space,” said Otavio Birman, Vice President, One Equity Partners. “The transformation of public agencies to the cloud is in its infancy but is a mega-trend. We believe MEG is extremely well positioned to help its customers achieve their goals as they move to the cloud.”
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