Velocity Technology Solutions Names Keith Angell President and CEO; Tom Bruno Will Serve as Vice Chairman

CHARLOTTE, NC--(Marketwired - Sep 15, 2015) - Velocity Technology Solutions, Inc., a global leader in cloud application hosting for enterprise software, has announced that Keith Angell has been named President, Chief Executive Officer and member of the Board of Directors. Mr. Angell will focus on enhancing Velocity's industry leadership by further accelerating the company's global growth, enhancing customer and partner relationships, and advancing Velocity's innovative management and analytics platform for enterprise cloud-based applications.

Prior to joining Velocity, Mr. Angell was President, Global Services for Virtustream, a cloud managed services company that was acquired by EMC. Before Virtustream, Mr. Angell held a number of executive positions at IBM, including most recently as Vice President, Cloud Services Transformation with responsibilities focused on IBM's worldwide Cloud Managed Services. His previous IBM roles include Chief Revenue Officer for SoftLayer, an IBM company, and Vice President, Centers of Excellence for IBM's Global Technology Services. Prior to his time with IBM, Mr. Angell was Senior Vice President, Worldwide Sales for Corio, an applications service provider acquired by IBM in 2005. Mr. Angell has held senior executive roles for six venture or private equity backed technology companies. Keith earned a BS in Engineering from Duke University, an MS in Engineering from Northeastern University, and an MBA with Finance concentration from Louisiana State University.

Tom Bruno, the company's founder and outgoing CEO, will continue to serve on the Velocity Board of Directors as Vice Chairman and will be involved in Board activities and special projects.

"Tom Bruno and the Velocity team have built a market leader in cloud application services serving a global set of blue-chip customers," said Angell. "Today, Velocity is the largest independent pure-play cloud application management business in the market and has global delivery capabilities for all key applications and infrastructure categories. I am enthusiastic about the company's trajectory and believe we have a tremendous opportunity to continue driving innovative and enhanced offerings across our customer base and the broader marketplace."

"When I founded Velocity, we set out to build a leader in the changing landscape in cloud technologies. Velocity has grown into a global, scale player with highly available, secure cloud application services and innovative IP to provide unique insights into user productivity," said Bruno. "I'm very pleased to welcome Keith to the team to further our leadership position and expand on our growth-oriented, customer-centric philosophy."

"We are grateful for Tom's leadership in guiding Velocity to its market-leading position as one of the world's largest cloud managed services companies, and we are pleased that he will remain active with the company's Board," said Kyle Ryland, Chairman of the Board of Directors at Velocity and Managing Director at Silver Lake Sumeru. "We look forward to building on our past success under Keith, a leader whom we view as embodying Velocity's values of innovation, collaboration, integrity and reliability. We believe Keith's impressive background in leading high-growth cloud technology companies will position us well for the future as we reach our next stage of growth."

About Velocity Technology Solutions
Velocity Technology Solutions (www.VelocityCloud.com) is a global leader in enterprise and business application hosting services, which are fully managed and protected within a virtual private cloud. The company's business is focused in three areas: Cloud Hosting / Managed Services; Professional Services / Consulting; and Big Data / Data Analytics. Velocity's expertise managing software 24/7, combined with its proprietary infrastructure design and cloud management platform, support the availability, security and control over software. Velocity is headquartered in Charlotte, NC with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, the middle-market investment group of Silver Lake. Silver Lake is the global leader in technology investing with over $26 billion in combined assets under management. For additional information on Silver Lake and its entire portfolio, visit www.silverlake.com.