Velocity Technology Solutions, a global provider of cloud application hosting for enterprise and business software, has announced an agreement with SAP (NYSE: SAP) to provide a partner managed cloud for SAP software solutions.
As a cloud application hosting provider, Velocity Technology Solutions will offer an on-demand, subscription-based offering of SAP software solutions in its private hosted cloud, enabling customers to access SAP software quickly without the need for up-front infrastructure costs associated with on-premise software deployments.
“We can now offer our customers an end-to-end hosted service for SAP solutions, from software acquisition to ongoing support, all with one cloud delivery model,” said Ralf Suerken, vice president for the SAP line of business for Velocity. “This technology enables companies to rapidly implement complete data center technology without committing significant capital expenditures or making big investments in information technology infrastructure and resources.”
Velocity Technology Solutions is headquartered in Charlotte, NC with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global provider of private equity investments in growth-oriented technology and technology-enabled companies.