M&A Deal Summary

Velocity Technology Solutions Acquires netASPx

On February 19, 2010, Velocity Technology Solutions acquired internet software and services company netASPx from NaviSite

Acquisition Highlights
  • This is Velocity Technology Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is Velocity Technology Solutions’ 1st transaction in the United States.
  • This is Velocity Technology Solutions’ 1st transaction in Vermont.

M&A Deal Summary
Date 2010-02-19
Target netASPx
Sector Internet Software and Services
Buyer(s) Velocity Technology Solutions
Sellers(s) NaviSite
Deal Type Divestiture

Target

netASPx

Herndon, Vermont, United States
netASPx, Inc. is a provider of Managed Application Services, or “MAS” and focuses on Enterprise Resource Planning (Lawson) and Work Force Management (Kronos) solutions that automate critical business functions for mid-market companies.

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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 2 of 5
Sector (Internet Software and Services) 1 of 3
Type (Divestiture) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-18 RJ Thompson Data Systems

London, Ontario, Canada

R.J. Thompson Data Systems Inc., the exclusive Canadian VAR of Lawson M3 products for the Fortune 5000 marketplace.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 iXtend

Greenwood Village, Colorado, United States

iXtend, Inc. is an oracle managed services provider.

Buy -

Seller(S) 1

SELLER

NaviSite

Andover, Massachusetts, United States
Category Company
Founded 1996
Sector Internet Software and Services
Employees579
DESCRIPTION

NaviSite, Inc. is a provider of enterprise-class, cloud-enabled hosting, managed applications and services. NaviSite provides a full suite of reliable and scalable managed services, including Application Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructure and lower their capital and operational costs. Enterprise customers depend on NaviSite for customized solutions, delivered through a global footprint of state-of-the-art data centers.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-12 netASPx

Herndon, Vermont, United States

netASPx, Inc. is a provider of Managed Application Services, or “MAS” and focuses on Enterprise Resource Planning (Lawson) and Work Force Management (Kronos) solutions that automate critical business functions for mid-market companies.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Privo

Woburn, Massachusetts, United States

Privo is a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN). Privo is based in Woburn, Massachusetts.

Buy -
Mergr

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