Velocity Gets Into Oracle EBS Management Biz with velos-IT Buy
April 2, 2013 Alex Woodie
Velocity Technology Solutions, a managed service provider (MSP) that manages customers’ ERP systems in addition to providing the private clouds on which they run, will begin providing management of Oracle‘s E-Business Suite (EBS) ERP software as the result of its acquisition of UK-based MSP velos-IT.
In a recent interview, Velocity CEO Tom Bruno strongly hinted that his private equity-backed New York City company would be making more acquisitions (it bought WTS in October 2011 to gain JD Edwards expertise).
Bruno also said that it was likely Velocity would find a way to get into the management of Oracle EBS and SAP‘s Business Suite systems, to go along with its business of managing customers’ JD Edwards EnterpriseOne, World, Infor Lawson M3 and S3, Kronos, and Oracle Hyperion environments.
It just wasn’t expected that Velocity would move so quickly.
With last week’s announcement that it has bought velos-IT, Velocity not only acquired an established MSP, but it gained entry into the European and Oracle EBS markets, all in one fell swoop. It’s almost as if the two companies’ had some sort of shared destiny that extended beyond their eerily similar names.
“Velocity and velos-IT share a common set of core values and a reputation for technology innovation and customer service,” Bruno stated in a press release. “The acquisition of velos-IT furthers our global services footprint and immediately strengthens and expands our Universal Cloud Services offering to include Oracle E-Business Suite.”
Based in Glasgow, Scotland, velos-IT was founded in 2004 and specializes in providing cloud and IT management services for midsize and large companies. In addition to EBS expertise, the company has skills in JD Edwards and QlikView, the in-memory business intelligence reporting tool from QlikTech.
Next up from Velocity: an SAP management announcement. Just maybe not this week.