Press Release - September 23, 2014
Velocity Technology Solutions to Relocate Corporate Headquarters to Charlotte, North Carolina
New York – September 23, 2014 – Velocity Technology Solutions, Inc., (Velocity), a global leader in cloud application hosting for enterprise and business software, today announced it will formally establish its global headquarters in Charlotte, North Carolina, relocating from New York, New York.
The company, in conjunction with its recent acquisition of Charlotte-based Titan Technology Partners, will initially include 50 jobs among its 750 worldwide employees in its existing facility in Charlotte. Velocity anticipates this will increase to more than 200 positions over the next few years given its current growth trajectory. The move to the Charlotte location is planned to be completed by October 2014. Activities at the facility will include corporate management and service delivery functions.
“Given our consistent growth and the acquisition of Titan Technology Partners, we wanted a consolidated location for our global headquarters,” said Tom Bruno, Chief Executive Officer of Velocity. “Charlotte is a natural fit for Velocity. The region’s large pool of highly-skilled technology talent, focus on research and development, strong business climate, and outstanding infrastructure supports Velocity’s increasing scale and culture of innovation.”
“We are proud that Velocity has chosen the city of Charlotte. Our strategic location, top notch international airport and overall quality of life are among the top reasons Charlotte is the desired location for Velocity. The company is a leader in its technology field, and we are excited to further build on our strong base of technology firms in the area,” said Bob Morgan, Chief Executive Officer of the Charlotte Chamber.
Velocity is a privately held company with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global leader in private equity investment in growth-oriented technology and technology-enabled companies.
Velocity Technology Solutions is a global leader in enterprise and business application hosting services which are fully-managed and protected within a virtual private cloud. Velocity lowers operational costs, provides world-class customer experiences, and delivers application access at top levels of performance and availability. Velocity’s expertise managing software 24/7, combined with its proprietary infrastructure design and cloud management platform, guarantee the availability, security, and control over software. Velocity is the trusted partner for rapidly deploying application software into a secure and resilient virtual private cloud.
Velocity is headquartered in Charlotte with facilities in North America, Europe, and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global leader in private equity investments in growth-oriented technology and technology-enabled companies (for additional information on the firm and its entire portfolio, visit www.silverlake.com). For more information on Velocity: visit www.velocity.cc.
Makovsky + Company