About Velocity Technology Solutions
Velocity Technology Solutions is a Technology company based in Charlotte (United States) founded in 2003, and was acquired by Navisite in January 2021. It offers IT related services. Velocity Technology Solutions has raised $46.5 million across 4 funding rounds from investors including Navisite, Tudor Ventures and Pine Street Capital Partners. The company has 285 employees. Velocity Technology Solutions has completed 2 acquisitions, including Mercury Technology Group and RJ Thompson. Its Indian entity Velocity Tech-Sol India Private Limited reported revenue of ₹1.00 Cr. Its focus areas include Business Services, IT Services and Cloud. Its competitors include 2nd Watch, CoSo Cloud and Netgain; 3 of its 3 listed competitors have raised funding.
Company details
Velocity Technology solutions offers IT related services such as cloud hosting, application support, helpdesk as a service, remote applications, and other software services. The company claims to be an expert in Infor, Oracle, PeopleSoft, Taleo, JD Edwards, Hyperion, SAP, Epic, Kronos, QlikView. It serves defense, agribusiness, business services consulting, CPG, energy, engineering construction, financial services, healthcare, manufacturing distribution, private equity, public sector, retail.
- Headquarters Charlotte, United States
- Employees 285
- Stage Acquired
- SectorsTechnology
- Website velocitycloud.com
- Social LinkedIn X Facebook
- Acquired by Navisite (Jan 2021)
- Legal Name Velocity Tech-Sol India Private Limited
- Date of Incorporation 01 Aug, 2007
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹1.00 Cr
FY 2026 · -98% YoY
- Indian entity net profit₹3.38 Cr
FY 2026 · 338% margin
- Indian entity EBITDA₹65.8 Lakh
FY 2026 · 66% margin
- Total Equity Funding$46.5M (USD)
in 4 rounds
- Latest Funding Round$80M (USD), Debt – Conventional
Jun 2011
- InvestorsNavisite
& 2 more
- Employee Count285
- Investments & AcquisitionsMercury Technology Group
& 1 more
- Acquired byNavisite
(Jan 2021)
Associated legal entities of Velocity Technology Solutions
Velocity Technology Solutions is associated with 2 registered companies on The Company Check; the primary company is Velocity Tech-Sol India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Velocity Tech-Sol India Private Limited CIN U62020PN2007PTC130516 | Active | 01 Aug 2007 | Pune, Maharashtra | ₹1.0 Cr | 285 | 3 | View details |
| Velocity Tech-Sol India Private Limited CIN U29299PN2007PTC130516 | 01 Aug 2007 | Pune, Maharashtra, India | View details |
Funding Insights of Velocity Technology Solutions
Velocity Technology Solutions has successfully raised a total of $46.5M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $80 million completed in June 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $46.5M
- Total Rounds 4
- Last Round Debt – Conventional — $80M
- Investors Count 2
All 4 funding rounds of Velocity Technology Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2011 | $80M | Debt – Conventional | – | – | – |
| Mar 2010 | $31.5M | Series B | – | – | – |
| Apr 2007 | $15M | Series A | – | – | |
| Nov 2005 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Velocity Technology Solutions
Velocity Technology Solutions has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Navisite, Tudor Ventures and Pine Street Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| tudorventures.com | ||||
Pine Street Capital Partners is engaged in mezzanine debt and equity investments. | 2004 | pinecap.com | Albany, United States | |
Managed cloud infrastructure and hosting services are delivered. | 1997 | navisite.com | Andover, United States |
Investor details for Velocity Technology Solutions
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Board of directors of Velocity Tech-Sol India Private Limited (Velocity Technology Solutions)
Velocity Tech-Sol India Private Limited is the primary company behind Velocity Technology Solutions. The board of Velocity Tech-Sol India Private Limited currently have 3 directors; the longest-serving is Arghya Das, appointed in 2026. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arghya Das DIN 08985925 | Director | 23 Mar 2026 | 7 mo | Velocity Tech-Sol India Private Limited |
| Kartik Dinesh Rao DIN 09030424 | Director | 23 Mar 2026 | 7 mo | Velocity Tech-Sol India Private Limited |
| Manohar Singh Ram Singh Rawat DIN 11036485 | Director | 23 Mar 2026 | 7 mo | Velocity Tech-Sol India Private Limited |
Financials of Velocity Technology Solutions
Figures of Velocity Tech-Sol India Private Limited, the primary company behind Velocity Technology Solutions, for FY 2026. Revenue was ₹1.00 Cr (-98% year on year). Net profit was ₹3.38 Cr (338% margin). EBITDA was ₹65.8 Lakh (66% margin). Revenue has grown at a compounded annual rate of -78% over three years and -56% over five years.
- ₹1.00 CrRevenue · FY 2026 · -98% YoY
- ₹3.38 CrNet profit · 338% margin
- ₹65.8 LakhEBITDA · 66% margin
- ₹1.34 CrPaid-up capital
- 285Employees (provident fund records)
- -78%Revenue CAGR, 3 years
- -56%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Velocity Tech-Sol India Private Limited are on its company page.
Detailed financial statements for Velocity Technology Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Velocity Technology Solutions
Velocity Technology Solutions has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Mercury Technology Group and RJ Thompson.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Technology services and solutions are provided by the group. | mercurytechnology.com | Irvine, United States | 1993 | Dec 2017 | •••• | |
Core activities are undetermined due to limited available data. | rjthompson.com | London, Canada | 2015 | Jun 2007 | •••• |
Complete acquisition details for Velocity Technology Solutions
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Velocity Technology Solutions
6 dated milestones of Velocity Technology Solutions across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Velocity Technology Solutions is founded.
- Funding First funding round.
- Acquisition Acquires RJ Thompson.
- Funding Latest funding round, Debt – Conventional, of $80.0M.
- Acquisition Acquires Mercury Technology Group.
- Exit Acquired by Navisite.
Competitors of Velocity Technology Solutions
Velocity Technology Solutions has 3 listed competitors in our database, 3 of them funded. They include 2nd Watch, CoSo Cloud and Netgain.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 2ndwatch.com | 2010 | Seattle, United States | $73.69M | 112 | Public cloud workload management tools and services are provided. | |
| cosocloud.com | 2007 | San Francisco, United States | $26M | 31 | Cloud-based virtual classroom platform for enterprises | |
| netgaincloud.com | 2000 | Saint Cloud, United States | $25M | 137 | IT service provider |
Detailed competitors of Velocity Technology Solutions
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Top companies in IT Services & Operations
3 companies that operate in the same segment as Velocity Technology Solutions (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Velocity Technology Solutions
Complete news archive for Velocity Technology Solutions
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Frequently Asked Questions about Velocity Technology Solutions
Velocity Technology Solutions was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Velocity Technology Solutions is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Velocity Technology Solutions is a funded company, having raised a total of $46.5M across 4 funding rounds to date.
Velocity Technology Solutions has 285 employees.
The primary company behind Velocity Technology Solutions, Velocity Tech-Sol India Private Limited, reported revenue of ₹1.00 Cr for FY 2026, down 98% year on year.
Velocity Technology solutions offers IT related services such as cloud hosting, application support, helpdesk as a service, remote applications, and other software services. The company claims to be an expert in Infor, Oracle, PeopleSoft, Taleo, JD Edwards, Hyperion, SAP, Epic, Kronos, QlikView. It serves defense, agribusiness, business services consulting, CPG, energy, engineering construction, financial services, healthcare, manufacturing distribution, private equity, public sector, retail.
Velocity Technology Solutions's top competitors include CoSo Cloud, Netgain and 2nd Watch.
Velocity Technology Solutions has made 2 acquisitions, including Mercury Technology Group, and RJ Thompson.
Velocity Technology Solutions has 3 investors. Key investors include Navisite, Tudor Ventures, and Pine Street Capital Partners.
Velocity Technology Solutions operates through Velocity Tech-Sol India Private Limited.
Yes. Velocity Technology Solutions was acquired by Navisite in January 2021.
The legal entities of Velocity Technology Solutions currently have 3 directors, including Arghya Das, Kartik Dinesh Rao, Manohar Singh Ram Singh Rawat.