Navisite announced the acquisition of the global cloud managed service provider, Velocity Technology Solutions. The acquisition will allow Navisite to enhance its position of managed cloud and enterprise resource planning (ERP) services for mid-market and enterprise customers.
Customer-focused growth strategy
According to the announcement, Navisite’s portfolio will be enhanced through the addition of deep enterprise application expertise and a robust cloud platform that simplifies the migration and management of customer environments across public, private, and hybrid clouds.
The company also stated that it is executing its customer-focused growth strategy with the continued investment support of Madison Dearborn Partners.
The acquisition will also augment Navisite’s managed services for Oracle and SAP applications, and support industry-specific ERPs, including Oracle E-Business Suite, JD Edwards, PeopleSoft, Infor, and Epic, as well as business intelligence solutions such as Hyperion, OneStream, and Qlik. Mark Clayman, CEO, Navisite, said,
“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. 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.”