Team Velocity Acquires Foundation Direct

Foundation Software Acquires Vendrix, Inc.

June 11, 2025

Software

Foundation Software, LLC has acquired Vendrix, Inc., a construction-focused financial management platform that provides corporate cards, expense management, AP automation and bill pay. The acquisition expands Foundation Software's construction software suite by adding expense and accounts-payable capabilities to deliver a more complete end-to-end solution for contractors.

Foundation Source Acquires Vennfi, the Fintech Powering Charityvest

October 18, 2024

Financial Services

Foundation Source has acquired Vennfi, a financial-technology firm that powers the Charityvest donor-advised fund (DAF) platform. The acquisition adds turnkey DAF and workplace-giving capabilities to Foundation Source's suite of philanthropic software and services and will see Vennfi's management join Foundation Source to accelerate product deployment across wealth management and employer channels.

CSI Acquires Velocity Solutions from H.I.G. Capital

September 18, 2024

Software

CSI, a provider of end-to-end financial software, has acquired Velocity Solutions from H.I.G. Capital. Velocity Solutions — a nearly 30-year-old provider of deposit acquisition, customer engagement and intelligent overdraft management software that serves more than 30 million consumers — will be integrated into CSI's suite of products; terms were not disclosed.

Vehlo Acquires Rapid Recon and Velocity Automotive

January 23, 2023

Software

Vehlo, a provider of software and financial solutions for the automotive repair industry, has acquired Rapid Recon and Velocity Automotive to extend its Dealership Fixed Ops customer experience suite into reconditioning-to-retail workflows. The acquisitions add Rapid Recon's reconditioning workflow automation and Velocity Automotive's digital merchandising tools, enabling Vehlo to provide end-to-end fixed ops solutions for dealers.

Navisite Acquires Velocity Technology Solutions

January 6, 2021

Cloud & SaaS

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.

Velocity Acquires Impax Media, Inc.

October 15, 2020

Media & Entertainment

Velocity, a managed services company based in Holland, Ohio, has acquired Impax Media, Inc., a provider of in-store digital signage advertising that operates a checkout-area network across 49 grocery stores in the New York City area. The acquisition expands Velocity’s media solutions portfolio into the grocery/retail media market and positions it to sell Impax’s ad inventory through a partnership with Screenvision Media.