M&A Deal Summary

Velocity Technology Solutions Acquires TITAN GS

On April 1, 2014, Velocity Technology Solutions acquired internet software and services company TITAN GS for 80M USD

Acquisition Highlights
  • This is Velocity Technology Solutions’ 2nd transaction in the Internet Software and Services sector.
  • This is Velocity Technology Solutions’ largest (disclosed) transaction.
  • This is Velocity Technology Solutions’ 3rd transaction in the United States.
  • This is Velocity Technology Solutions’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-04-01
Target TITAN GS
Sector Internet Software and Services
Buyer(s) Velocity Technology Solutions
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

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.

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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 4 of 5
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 iXtend

Greenwood Village, Colorado, United States

iXtend, Inc. is an oracle managed services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 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.

Buy -
Mergr

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