Velocity Technology Solutions is the top provider of cloud-based Managed Application Services and Managed Disaster Recovery Services, announced yesterday that it has acquired UK-based velos-IT Ltd, provider of hosting, managed services and consulting to medium and large scale European enterprises. Velos-IT was founded in 2004, one of the UK’s fastest growing IT services companies and has around 100 employees in Glasgow, Scotland. Their customer base crosses multiple industries and ranges from mid-market through enterprises with revenues that exceeds £3 Billion. Velos-IT provide services to organizations in 25 countries and their services includes 24/7 support of business applications and IT infrastructure, systems integration, application deployment, upgrades, and custom software development.
The financial terms of the transaction has not been disclosed. “Velocity and velos-IT share a common set of core values and a reputation for technology innovation and customer service,” said Tom Bruno, CEO of Velocity. “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. We are excited to serve the European market and enthusiastically welcome the entire velos-IT team into the Velocity family.”
According to press release, Velocity’s Universal Cloud Services suite includes fully managed application services, platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and managed disaster recovery services provides through a secure and resilient virtual private cloud. “We are excited by the opportunity to leverage the knowledge and technical expertise of Velocity and velos-IT across the expanse of Universal Cloud Services and extend a compelling offering for our current and future customers. This is fantastic news for both velos-IT customers and employees alike,” said Jim McInnes, founder and Managing Director of velos-IT, who has been named Velocity’s General Manager, Europe.






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