CHARLOTTE, N.C., May 24, 2018 (GLOBE NEWSWIRE) -- Velocity Technology Solutions Inc., the global leader in enterprise application cloud managed services, today announced record-breaking first quarter 2018 bookings and revenues in new customer acquisitions, cloud migrations, and overall growth, continuing their 2017 success. Leveraging VCAMP®, Velocity’s Cloud Migration Factory is bringing two enterprise ERP+ systems live in cloud environments every week, ranging across private and public hyperscale estates.
Velocity closed 2017 with an outstanding fourth quarter that posted 40 percent year-over-year sales growth (its fourth straight growth quarter), a record-breaking number of enterprise ecosystem cloud management customer wins, multiple strategic new hires, and the acquisition of Mercury Technology Group. 2018’s first quarter brought 60 percent year-over-year sales growth and continued expansion of public cloud ERP+ migrations.
"Using the public cloud for our ERP infrastructure enables us to allocate the correct resources in a secure yet nimble manner to improve our business," said Ken Morris, Chief Information Officer for Innocor, Inc. "Velocity brings a wealth of experience providing managed services and its VCAMP management system has enabled us to improve our operations management capabilities and deliver even better service to our customers."
“Our enterprise customers need to maximize application performance and control costs. As a trusted cloud advisor with hybrid qualifications, Velocity is the ideal cloud managed services provider,” said Chris Gartner, Executive Vice President of Global Sales, Marketing and Alliances for Velocity. “Our Cloud Migration Factory harnesses VCAMP provisioning, automation, and orchestration at scale, delivering agile, cost efficient cloud managed workloads necessary for today’s enterprises.”
In addition to its record-breaking sales growth, Velocity closed a strategic acquisition with the purchase of Mercury Technology Group. “Mercury helped us expand our Oracle offering,” said Gartner. “Combined with Velocity’s SAP, Infor and Healthcare services, orchestrated over global hybrid cloud environments, the Mercury acquisition extended Velocity’s ERP+ Cloud Services leadership, delivering even greater value to its global customer base.” Velocity is an Oracle Platinum Partner, is Certified on Oracle Cloud Infrastructure, and has earned Amazon Partner Network competency program status in both Oracle and SAP solutions.
Additional milestones achieved by Velocity in the last 6 months include:
- Velocity Cloud Application Management Platform™ (VCAMP®) receives U.S. Patent Number 9,740,363
- Morris Communications Initiates Digital Transformation with Velocity’s Cloud Application Management Platform
- Velocity Listed in Gartner Market Guide for Cloud Service Providers to Healthcare Delivery Organizations
- Oracle Accepts Velocity into ‘Velocity’ Cloud Migration Partner Program
- The Brooklyn Hospital Center Selects Velocity’s Hybrid Cloud Infrastructure
- At HIMSS, Velocity’s Innovation and Development team released VCAMP Zoom Rehearse, the “speed testing tool for ERP”, its third new offering for the patented Velocity Zoom analytics engine. Zoom Rehearse takes the human error out of ERP testing, leveraging automation to dramatically cut down on testing to deployment time.
- Velocity Listed in Forrester Now Tech: Service Providers for Next Generation SAP Products, Q2 2018
About Velocity Technology Solutions
Velocity Technology Solutions (www.VelocityCloud.com), the 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, with data analytics and optimization solutions. Velocity’s expertise in managing leading ERP applications, leveraging the patent-pending Velocity Cloud Application Management Platform, 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 Silver Lake and its entire portfolio, visit www.silverlake.com.
Contact Information:
Jamessina Hille
Marketing Director
Velocity Technology Solutions
516-607-6124
jamie.hille@velocitycloud.com