Partners Group and Silver Lake Sumeru to acquire Velocity Technology Solutions, a leading cloud solutions provider for ERP applications
Press release
Baar-Zug, 12 July 2012
Partners Group and Silver Lake Sumeru have signed a definitive agreement to acquire a stake in Velocity Technology Solutions on behalf of their clients. The transaction will close upon satisfaction of all closing conditions.
Velocity serves hundreds of enterprise customers in North America across a variety of industries. The company provides a highly reliable and scalable cloud-based hosting platform that allows customers to focus on their business without the complexity, cost and resource demands associated with managing and supporting mission-critical enterprise resource planning (ERP) applications. Velocity's extensive knowledge base in ERP application functionality provides highly responsive support for all customer needs while helping enterprises realize the full potential of their ERP solutions.
Jennifer Haas, Senior Vice President at Partners Group, comments, "We are excited to invest in Velocity Technology Solutions, a leading company that is well-positioned to service an ERP marketplace that increasingly relies on the cloud and third-party service providers to optimize performance and reduce costs."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 25 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 600 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 4.5 billion with a clear majority owned by its Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 784 63 72
E-mail: [email protected]
Press release
Baar-Zug, 12 July 2012
Partners Group and Silver Lake Sumeru have signed a definitive agreement to acquire a stake in Velocity Technology Solutions on behalf of their clients. The transaction will close upon satisfaction of all closing conditions.
Velocity serves hundreds of enterprise customers in North America across a variety of industries. The company provides a highly reliable and scalable cloud-based hosting platform that allows customers to focus on their business without the complexity, cost and resource demands associated with managing and supporting mission-critical enterprise resource planning (ERP) applications. Velocity's extensive knowledge base in ERP application functionality provides highly responsive support for all customer needs while helping enterprises realize the full potential of their ERP solutions.
Jennifer Haas, Senior Vice President at Partners Group, comments, "We are excited to invest in Velocity Technology Solutions, a leading company that is well-positioned to service an ERP marketplace that increasingly relies on the cloud and third-party service providers to optimize performance and reduce costs."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 25 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 600 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 4.5 billion with a clear majority owned by its Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 784 66 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 784 63 72
E-mail: [email protected]