Press Release - December 11, 2017
Velocity Acquires Mercury Technology Group
Deal Extends Velocity’s ERP+ Cloud Managed Services Leadership
CHARLOTTE, NC (December 11, 2017) — Velocity Technology Solutions Inc., the global leader in enterprise and business application cloud managed services, and developer of the Velocity Cloud Application Management Platform™ (VCAMP®), has announced the strategic acquisition of Mercury Technology Group, a leader in cloud managed services focused on the Oracle applications suite.
Mercury provides cloud managed services to over 100 enterprise customers with offices across the US and Europe. The acquisition expands Velocity's leadership as the world's largest pure-play, privately-held cloud services provider, advancing Velocity’s mission as a high-growth, innovative, and customer-first company.
“We are honored to welcome Mercury to the Velocity family. We believe Mercury's expertise in Oracle solutions will significantly enhance our portfolio of Oracle services, further setting us apart as the world-leader in Cloud Managed Services,” said Keith Angell, President and CEO of Velocity. “Combined with our SAP, Infor and Healthcare services, orchestrated over global hybrid cloud environments, the Mercury acquisition extends our ERP Cloud Services leadership, delivering even more value to our customers around the world.”
According to Gartner, Inc., Oracle is the world's second-largest ERP provider and its E-Business Suite application continues to gain users. “One of Velocity’s strategic priorities is to continue investing in Oracle capabilities,” noted Angell. “Mercury's proven Oracle leadership and innovative technological approach are an immediate benefit to Velocity's customer and prospect base, including advances in OVM, High-Availability Performance, Disaster Recovery and Security Solutions.”
“Velocity's hybrid and public cloud options, functional & technical expertise, expanded cloud services, and broader ERP footprint are now available to our customer and prospect base,” said Brian Day, President and CTO of Mercury. “Velocity's decision analysis framework, analytics-driven application management platform, and breadth and depth of application expertise delivers increased productivity, improved time to value, reduced risk, and compelling total cost of ownership advantages to our customers.”
Velocity and Mercury are privately-held companies. Financial terms of the deal were not disclosed.
About Mercury Technology Group
Mercury Technology Group, Inc., is the Managed Application Cloud Services provider of choice for Oracle Software, Solutions and Support since 1994. Mercury is committed to customer success by optimizing system performance, uptime, security, compliance, and cost. Mercury’s offices are located in Irvine CA, VA, HI, TX, and London, UK.
About Velocity Technology Solutions
Velocity Technology Solutions, Inc. (www.VelocityCloud.com), a global enterprise application cloud services leader since 2003, delivers secure, fully managed environments spanning virtual private, public and hybrid clouds. The company's portfolio includes application-focused cloud managed services, professional services, and analytics-driven cloud software services. Velocity's expertise in managing leading ERP, EMR & EHR applications, leveraging the patented Velocity Cloud Application Management Platform™ (VCAMP®), gives customers required availability, security, visibility and control at a reduced total cost of ownership. Velocity is headquartered in Charlotte, NC, with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global leader with private equity investments in leading, growth-oriented technology companies. For additional information on the firm and its entire portfolio, visit www.silverlake.com.
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Velocity Technology Solutions