Velosio Acquires Microsoft Partner BroadPoint
The transaction was facilitated by IT ExchangeNet, a leading global middle-market IT M&A firm.
CLEVELAND, December 14, 2020 (Newswire.com) - Velosio, a technology partner specializing in business management solutions for small and medium-sized companies and larger enterprises, announced last week it has acquired BroadPoint's commercial practice, a Microsoft Gold Certified Partner specializing in business applications for not-for-profits, with industry expertise in manufacturing, professional services, and field service.
The transaction was facilitated by IT ExchangeNet (ITX), the industry leader in Microsoft channel partner mergers and acquisitions.
This strategic acquisition expands Velosio's delivery capabilities with the addition of almost 50 experienced sales, technical, and delivery resources with expertise helping not-for-profit and industry clients leveraging Microsoft business applications to transform their business.
"The BroadPoint team is extremely pleased to be joining Velosio," said Lee Raesly, CEO of BroadPoint. "With Velosio's over 30 years' experience, now further complemented with the tenure of the BroadPoint team, I am confident that Velosio will provide the opportunity for our employees to reach new levels of success. With our collective expertise, I am excited to provide BroadPoint clients with increased scale and cloud expertise."
Raesly added, "ITX guided BroadPoint through the process and helped create a truly strategic business combination."
"This acquisition is a great example of Velosio's energetic plans to grow our business," said Joseph Longo, President and CEO of Velosio. "BroadPoint and Velosio have had a great working relationship for many years. Now with the BroadPoint team part of Velosio, we not only accelerate our industry footprint, helping businesses realize value faster through expert delivery of business solutions and cloud technologies, but also add more great people to Team Velosio."
The acquisition will strengthen Velosio's Microsoft Dynamics footprint in the eastern US and adds depth to its vertical IP accelerating their focus on the manufacturing, not-for-profit, and professional services industries.
Velosio is a leader in deploying business applications through the cloud and delivering unparalleled client experiences. One of the largest Microsoft partners in North America, Velosio supports the entire Microsoft Dynamics portfolio, Microsoft 365 family and Azure services. The solutions portfolio includes ERP, CRM, Productivity, Business Intelligence and Power Platform, and extends to NetSuite and Sage. Velosio is the only Microsoft Cloud Distributor that specializes in Dynamics 365 and is a prominent Microsoft Master VAR. Headquartered in Columbus, Ohio, Velosio serves over 4,000 clients from more than 40 offices in the US and Canada. For more information: www.velosio.com.
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) is an organized and efficient marketplace for owners of small mid-market IT businesses seeking buyers or strategic partners.
With a network of more than 30,000 global IT decision makers, ITX brings together buyers and sellers of Managed IT Services, MSSPs, Software as a Service (SaaS), Infrastructure as a Service (IaaS), Cyber Security, IT Services, and Software firms. For more information: www.itexchangenet.com.
Source: IT ExchangeNet
Categories: Mergers and Acquisitions