Velocity Technology Solutions Inc., the global leader in enterprise and business application cloud managed services, and developer of the Velocity Cloud Application Management Platform™ (VCAMP®), has announced the strategic acquisition of Mercury Technology Group, a leader in cloud managed services focused on the Oracle applications suite.
Mercury provides cloud managed services to over 100 enterprise customers with offices across the US and Europe. The acquisition expands Velocity’s leadership as the world’s largest pure-play, privately-held cloud services provider, advancing Velocity’s mission as a high-growth, innovative, and customer-first company.
“We are honored to welcome Mercury to the Velocity family. We believe Mercury’s expertise in Oracle solutions will significantly enhance our portfolio of Oracle services, further setting us apart as the world-leader in Cloud Managed Services,” said Keith Angell, President and CEO of Velocity. “Combined with our SAP, Infor and Healthcare services, orchestrated over global hybrid cloud environments, the Mercury acquisition extends our ERP Cloud Services leadership, delivering even more value to our customers around the world.”
According to Gartner, Inc., Oracle is the world’s second-largest ERP provider and its E-Business Suite application continues to gain users. “One of Velocity’s strategic priorities is to continue investing in Oracle capabilities,” noted Angell. “Mercury’s proven Oracle leadership and innovative technological approach are an immediate benefit to Velocity’s customer and prospect base, including advances in OVM, High-Availability Performance, Disaster Recovery and Security Solutions.”
“Velocity’s hybrid and public cloud options, functional & technical expertise, expanded cloud services, and broader ERP footprint are now available to our customer and prospect base,” said Brian Day, President and CTO of Mercury. “Velocity’s decision analysis framework, analytics-driven application management platform, and breadth and depth of application expertise delivers increased productivity, improved time to value, reduced risk, and compelling total cost of ownership advantages to our customers.”
Velocity and Mercury are privately-held companies. Financial terms of the deal were not disclosed.