Velocity Nabs Another JD Edwards MSP Firm
June 18, 2013 Alex Woodie
Velocity Technology Solutions grew its managed service provider (MSP) hosting business for JD Edwards with its acquisition of iXtend this month. The deal broadens Velocity’s services for JD Edwards World and EnterpriseOne customers.
Founded in 2001, iXtend provides a range of technical services for both JD Edwards ERP systems, including hosting, extended support, integration, training, project management, and CNC administration, among others. The Greenwood Village, Colorado-based company also provides Red Stack hosting of EnterpriseOne on Oracle Sparc servers in its data center, where it also runs customers’ World and EnterpriseOne apps on the Blue Stack from IBM.
The acquisition seems a natural fit for Velocity, the New York City company that has been gobbling up MSP and hosting firms since its 2011 acquisition of WTS. With its acquisition of the UK-based firm velos-IT in March, the company’s ERP management business has expanded to include Oracle’s JD Edwards, E-Business Suite, and Hyperion solutions; Infor Lawson S3 and M3 solutions; and Kronos human capital management and timekeeping systems.
“This merger strengthens Velocity’s base of talented professionals and expands the services and technology available to iXtend’s customers,” Velocity CEO Tom Bruno states in a press release. “It is also an opportunity to extend our Universal Cloud Services to a new group of companies in the Oracle marketplace.”
In addition to an untold number of JDE customers, the acquisition gets Velocity another data center. iXtend maintained 15,000 square feet of SAS 70 certified data center space in Denver, Colorado. In addition to hosting customers’ ERP solutions in the data center, the company used the space to provide disaster recovery, high availability, development, and lab tests.
Terms of the acquisition were not disclosed. Velocity says iXtend was providing managed services to more than 25 customers, and had more than 100 consulting services customers. Velocity says it has 29 employees working in the Denver area (mostly former iXtend employees, presumably), and a total of 350 employees worldwide. Darian Anderson, former chairman and CEO of iXtend, is now Velocity’s vice president of global business development for Oracle solutions. For more info, see www.velocity.cc.