Navisite, a managed cloud service provider (MSP), has acquired another MSP with global operations, Velocity Technology Solutions. Through this acquisition, Navisite aims to enhance its position as a leader of managed cloud and enterprise resource planning (ERP) services for mid-market and enterprise customers.
Velocity will add deep enterprise application expertise and a “robust” cloud platform to Navisite’s assets. It would help simplify the migration and management of customer environments across public, private and hybrid clouds.
The Velocity acquisition would also augment 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.
Founded in 2003 and headquartered in Charlotte, North Carolina, with operations in North America, South America, Europe and Asia, Velocity Technology Solutions delivers secured and fully managed cloud environments through a portfolio of application-focused cloud managed services and professional services with data analytics.
Velocity Cloud Application Management Platform
Velocity’s expertise in managing ERP applications and leveraging its Velocity Cloud Application Management Platform (VCAMP) would enable its customers to optimize application performance on-premises and in the cloud with the required “availability, security, visibility and control.” Velocity’s cloud managed services products include cloud managed infrastructure, databases, disaster recovery (DR), data lakes and managed container support.
“Organizations need a technology partner that not only offers modern cloud services and expertise to support their digital transformation goals, but also is capable of delivering rightsized solutions,” 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.”
“With Velocity, we’ve added significant scale and breadth to our capabilities, global presence, data centers and public cloud expertise,” added Mr. Clayman. “It will strengthen our capabilities to support customers as they navigate the challenges of today and tomorrow across every part of the technology stack – from cloud migration and management to infrastructure, enterprise application and data management services.”
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.
“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 growing and competing in the digital economy. Most importantly, our customers can expect greater breadth and depth of services to help them eliminate IT complexity, lower costs associated with monolithic software deployments and migrate and transform their businesses in the cloud.”
Stifel, Nicolaus & Company served as Velocity’s financial advisor, and Weil, Gotshal & Manges LLP provided legal counsel to Velocity. Jefferies LLC and TD Securities LLC served as Navisite’s financial advisors, and Kirkland & Ellis LLP provided legal counsel to Navisite.
The announcement follows the news of Navisite acquiring SAP Gold Partner Dickinson + Associates. Velocity’s strengths in SAP would further enhance Navisite’s SAP solutions, enabling Navisite to deliver technical and functional consulting, implementation and support services to help customers adopt SAP cloud technologies and migrate to SAP S/4HANA.
Through its combination with Velocity, Navisite expects to strengthen its capabilities across manufacturing, healthcare and other industries, supporting customers as they look to migrate, modernize and manage legacy deployments in private, hybrid and public cloud environments, including AWS, Google Cloud and Azure.