Navisite Acquires Velocity Technology Solutions

January 6, 2021

Navisite, backed by Madison Dearborn Partners, has acquired Velocity Technology Solutions, a global cloud managed service provider headquartered in Charlotte, North Carolina. The acquisition expands Navisite’s managed cloud and enterprise application (ERP) capabilities — adding Velocity’s VCAMP platform, ERP application expertise and broader public-cloud managed services to Navisite’s portfolio.

Buyers
Navisite, Madison Dearborn Partners
Targets
Velocity Technology Solutions, Inc.
Industry
Cloud & SaaS
Location
North Carolina, United States
Transaction Type
Buyout

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