Velocity reduces IT operating expenses by as much as 50%, while increasing technology environment performance and security for private equity-led acquisitions and carve-outs.
As the largest global independent provider of fully-managed, cloud application hosting for leading enterprise software solutions, Velocity leverages ERP and business analytics to provide private equity business services for better portfolio company reporting and the enabling of business drivers in a fixed-fee subscription model.
After a global electrical systems manufacturer was established as a standalone company by one of the largest US private equity firms, the new company needed to quickly implement a systems solution. Velocity provided them with private equity business services that lifted and shifted ERP (Oracle E-Business), EDI, email, and network to virtual private cloud hosting in just four months for one fixed monthly fee, saving as much as 60% on TSA costs.
When a products manufacturer and distributor (formerly traded on NASDAQ) was acquired by a Midwestern US private equity firm, the company needed Velocity’s private equity business services to reduce Oracle E-Business and Hyperion costs while increasing service levels. Velocity moved the company’s entire IT footprint into virtual private cloud hosting — slashing in-house costs by as much as 50%. As the company continues to grow via M&A, our team has designed and implemented a new entity structure for reporting that easily rolls up/drills down and readily accommodates future M&A.
When a large foundry supplier carved out and created a joint venture company between two global chemical giants, the company needed to address outdated IT, including an old SAP system. Velocity moved the new company’s ERP from the parent organisation’s system to its own platform in a subscription model. The newly created company did not have to buy SAP licenses, hardware, implementation, support, managed services, and BPO separately. As a result, the company was able to cut IT operating expenses by 50% without further capital investment.
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