M&A Deal Summary

Velocity Technology Solutions Acquires Mercury Technology Group

On December 11, 2017, Velocity Technology Solutions acquired internet software and services company Mercury Technology Group

Acquisition Highlights
  • This is Velocity Technology Solutions’ 3rd transaction in the Internet Software and Services sector.
  • This is Velocity Technology Solutions’ 4th transaction in the United States.
  • This is Velocity Technology Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2017-12-11
Target Mercury Technology Group
Sector Internet Software and Services
Buyer(s) Velocity Technology Solutions
Deal Type Add-on Acquisition

Target

Mercury Technology Group

Irvine, California, United States
Mercury Technology Group is a provider of cloud managed services focused on the Oracle applications suite. Mercury Technology Group was established in 1994 and is based in Irvine California.

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Buyer(S) 1

Buyer

Velocity Technology Solutions

Charlotte, North Carolina, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Velocity Technology Solutions, Inc. is a provider of enterprise software hosting and systems integration services to mid-market businesses and government entities. Velocity Technology Solutions was founded in 2003 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 TITAN GS

Charlotte, North Carolina, United States

TITAN GS is a provider of global cloud hosting and managed services, business process outsourcing (BPO) and consulting services.

Buy $80M