Managed hosting company Navisite buys Velocity Technology Solutions

Navisite announced in early January that it has acquired Velocity Technology Solutions, Inc. ("Velocity"), a global cloud managed service provider (MSP). With this acquisition, Navisite strengthens its position as a leading provider of managed cloud and enterprise resource planning (ERP) services to mid-market and enterprise customers, including a base of both fast-growing and established global brands. Velocity will enhance Navisite's service portfolio by adding deep expertise in enterprise applications and a robust cloud platform that simplifies the migration and management of customer environments across public, private and hybrid clouds. Navisite is executing on its customer-centric growth strategy with the continued investment support of Madison Dearborn Partners, a leading Chicago-based private equity investment firm.

"Enterprises need a technology partner that not only provides modern cloud services and expertise to support their digital transformation goals, but is also able to deliver solutions with rights," said Mark Clayman, CEO of Navisite. "Every step we've taken as a company, including this acquisition, has been focused on being that trusted partner and building a customer-centric portfolio of solutions."

Founded in 2003, Velocity is headquartered in Charlotte, North Carolina, with offices in North America, South America, Europe and Asia. The company provides secure, fully managed cloud environments through a portfolio of application-managed cloud services and professional services with data analytics. Velocity's expertise in managing leading ERP applications and leveraging the Velocity Cloud Application Management Platform (VCAMP) enables its customers to optimize application performance on-premise and in the cloud with the availability, security, visibility and control they need at a reduced total cost of ownership. Velocity's cloud managed services products include cloud managed infrastructure, databases, disaster recovery, data lakes and managed container support. Velocity is an AWS Premier Partner certified as both a Migration and MSP supporting Microsoft, SAP and Oracle applications, as well as an Oracle Platinum Partner and Certified MSP.

"With Velocity, we have significantly expanded our capabilities, global footprint, data center and public cloud expertise to help customers address today's and tomorrow's challenges across the technology stack - from cloud migration to cloud management to infrastructure, enterprise application and data management services, " Clayman added.

The Velocity acquisition will also expand Navisite's managed services for Oracle and SAP applications and support industry-specific ERPs, including Oracle E-Business Suite (EBS), JD Edwards, PeopleSoft, Infor and Epic, as well as Business Intelligence solutions such as Hyperion , OneStream and Qlik.

Navisite recently announced the acquisition of Dickinson + Associates, a leading SAP Gold Partner. Velocity's strengths in SAP will further enhance Navisite's SAP solutions and enable Navisite to provide technical and functional consulting, implementation and support services to help customers adopt SAP cloud technologies and migrate to SAP S / 4HANA, SAP's ERP for large enterprises. By combining with Velocity, Navisite will further strengthen its capabilities in manufacturing, healthcare and other industries to help customers migrate, modernize and manage legacy deployments in private, hybrid and public cloud environments such as AWS, Google Cloud and Azure.

"We look forward to what we can accomplish together with Navisite," said Steve Kloeblen, CEO of Velocity Technology Solutions. "With Navisite's resources, global capabilities and complementary expertise, Velocity is positioned to become an even stronger partner for our customers as they grow and compete in the digital economy. Most importantly, our customers can expect greater breadth and depth of services to eliminate IT complexity , lower costs associated with monolithic software deployments and migrate and transform their businesses in the cloud. "

Stifel, Nicolaus & Company acted as financial advisor to Velocity, and Weil, Gotshal & Manges LLP provided legal advice to Velocity. Jefferies LLC and TD Securities LLC acted as financial advisors to Navisite, and Kirkland & Ellis LLP provided legal counsel to Navisite.