About Velocity Technology Solutions
Velocity Technology Solutions is a company based in Charlotte (United States) founded in 2003 was acquired by Navisite in January 2021. 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 as of April 08, 2024. Velocity Technology Solutions has completed 2 acquisitions, including Mercury Technology Group and RJ Thompson. Velocity Technology Solutions operates in a competitive market with competitors including 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
- Headquarter Charlotte, United States
- Employees 285 as on 08 Apr, 2024
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Velocity Tech-Sol India Private Limited
- Date of Incorporation 01 Aug, 2007
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$10.89 M (USD)20.56as on Mar 31, 2023
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Net Profit
$895.15 K (USD)66.73as on Mar 31, 2023
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EBITDA
$900.23 K (USD)-13.7as on Mar 31, 2023
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Total Equity Funding
$46.5 M (USD)
in 4 rounds
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Latest Funding Round
$80 M (USD), Debt – Conventional
Jun 01, 2011
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Investors
Navisite
& 2 more
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Employee Count
285
as on Apr 08, 2024
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Investments & Acquisitions
Mercury Technology Group
& 1 more
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Acquired by
Navisite
(Jan 06, 2021)
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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.
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.
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Pine Street Capital Partners is engaged in mezzanine debt and equity investments.
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Managed cloud infrastructure and hosting services are delivered.
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Investor details for Velocity Technology Solutions
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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.
Investment portfolio details for Velocity Technology Solutions
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Technology services and solutions are provided by the group.
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Complete acquisition details for Velocity Technology Solutions
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Financial Statements - Velocity Technology Solutions
Detailed financials for Velocity Technology Solutions
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Velocity Technology Solutions Comparisons
Peer comparison for Velocity Technology Solutions
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Competitors of Velocity Technology Solutions
Velocity Technology Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.
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Public cloud workload management tools and services are provided.
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Crayon is involved in unspecified business activities.
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AWS cloud services are provided, including consulting, deployment, and management.
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Services for the development and support of cloud-based applications
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Cloud services in PaaS, SaaS, and IaaS are provided.
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Cloud-based virtual classroom platform for enterprises
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Detailed competitors of Velocity Technology Solutions
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Latest news on 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.
As of Apr 08, 2024, the latest employee count at Velocity Technology Solutions is 285.
Annual revenue of Velocity Technology Solutions is $10.89M as on Mar 31, 2023.
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 Crayon, Megazone Cloud and All Cloud.
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.