Velocity Technology Solutions Acquired by Silver Lake Sumeru-Led Investor Group and Management

Velocity Technology Solutions, Inc., a New York City-based provider of cloud ERP solutions, has been acquired by a Silver Lake Sumeru-led investor group and the company’s management.

The investor group, which also includes Partners Group and Northleaf Capital Partners, will purchase Velocity from a shareholder group that includes Spire Capital Partners and Tudor Ventures.

The company intends to use the capital to acquire new capabilities and expand its service offerings, accelerate market penetration, and extend platform innovation.

Led by and Tom Bruno, president and CEO, and Paul Cioni, SVP of service delivery, Velocity Technology Solutions hosts ERP software and related applications for companies within its virtual private cloud environment.



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