Navisite Acquires Velocity Technology Solutions
Transaction expands and enhances Navisite’s market leadership as a managed cloud service provider for mid-market and enterprise companies
Andover, Mass.–January 6, 2021 – Navisite today announced its acquisition of Velocity Technology Solutions, Inc., a global cloud managed service provider. With this acquisition, Navisite enhances its positioning as a leader of managed cloud and ERP services for mid-market and enterprise customers, which includes a base of growing and established global brands. Velocity will enhance Navisite’s service portfolio with deep enterprise application expertise and a robust cloud platform that simplifies the migration and management of customer environments across public, private and hybrid clouds.
“Organizations need a technology partner who not only has modern cloud services and expertise to support their digital transformation goals, but who is specifically rightsized for their needs,” 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 and headquartered in North America with operations in South America, Europe and Asia, Velocity delivers secure, fully managed cloud environments. The company’s portfolio includes application-focused cloud managed services and professional services with data analytics. Velocity’s expertise in managing leading ERP applications, leveraging its Velocity Cloud Application Management Platform (VCAMP), enables customers to optimize application performance on-premises and in the cloud with the required availability, security, visibility and control at a reduced total cost of ownership.
“With Velocity, we’ve added significant scale and breadth to our capabilities, global presence, data centers and public cloud expertise to support customers as they navigate the now of IT change across every part of the technology stack—from cloud migration and management to infrastructure, enterprise application and data management services,” added Clayman.
Velocity’s technical strengths in SAP will enhance Navisite’s SAP solutions, gained through its recent acquisition of Dickinson + Associates, a premier SAP Gold Partner, enabling Navisite to deliver both technical and functional consulting, implementation and support services to help customers adopt SAP cloud technologies and migrate to SAP S/4HANA.
The Velocity acquisition will also augment Navisite’s managed services for Oracle and SAP applications, and add support for 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. This will strengthen Navisite’s 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.
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 managed service partner supporting Microsoft, SAP and Oracle applications, as well as an Oracle Platinum Partner and certified MSP.
“We look forward to what we can accomplish as a part of Navisite, with the financial resources, backing, global capabilities and expertise to help customers grow and compete in the digital economy,” said Steve Kloeblen, CEO of Velocity Technology Solutions. “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.”
Navisite is a modern managed cloud service provider that accelerates IT transformation for thousands of growing and established global brands. Through our deep technical knowledge and strategic relationships with the world’s leading cloud providers, proven delivery methodologies, platform-agnostic approach and worldwide network of highly specialized experts, we provide the capabilities and practical guidance customers need to successfully embrace IT change and move their businesses forward. Let us partner with you to navigate the now—learn more at navisite.com.
About Velocity Technology Solutions
Headquartered in North America, Velocity Technology Solutions has over 20 years of experience migrating, managing, and modernizing mission-critical enterprise applications in the cloud. Velocity's mission is to enable mid-market companies to do what they do best by maximizing the value of their Applications and Cloud Platforms. Our purpose is to give our customers the freedom to innovate, modernize, and move to the future. For more information, visit: www.velocitycloud.com.