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Press Release - September 17, 2015

Velocity Technology Solutions to Provide Partner Managed Cloud for SAP® Software

Velocity to offer software subscription delivery of SAP solutions hosted in its private cloud

CHARLOTTE, NC (September 17, 2015) – Velocity Technology Solutions, Inc. (Velocity), a global leader in cloud application hosting for enterprise and business software, announced today an agreement with SAP (NYSE: SAP) to provide a partner managed cloud for SAP® software solutions. Velocity will offer an affordable, ready-to-use, subscription-based offering of SAP solutions in its private hosted cloud, enabling customers to access SAP software quickly and easily without the need for up-front infrastructure costs associated with on-premise software deployments.

"We can now offer our customers an end-to-end hosted service for SAP solutions, from software acquisition to ongoing support, all with one cloud delivery model," said Ralf Suerken, vice president for the SAP line of business for Velocity. “This technology enables companies to rapidly implement complete data center technology without committing significant capital expenditures or making big investments in information technology infrastructure and resources.”

As a provider of a partner managed cloud, Velocity Technology Solutions will provide customers with a cost-effective, on-demand, cloud-based delivery model of their SAP software solutions. Velocity will supplement these services with application migration, implementation, management and support services.

About Velocity Technology Solutions

Velocity Technology Solutions (www.VelocityCloud.com) is a global leader in enterprise and business application hosting services, which are fully managed and protected within Velocity cloud. The company’s business is focused in three areas: Cloud Hosting / Managed Services; Professional Services / Consulting; and Big Data / Data Analytics. Velocity’s expertise managing software 24/7, combined with its proprietary infrastructure design and cloud management platform, support the availability, security and control over software. Velocity is headquartered in Charlotte, NC with facilities in North America, Europe and Asia. Velocity is a portfolio company of Silver Lake Sumeru, a global leader in private equity investments in growth-oriented technology and technology-enabled companies. For additional information on the firm and its entire portfolio, visit www.silverlake.com.

 

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SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

Contact Information:

Don Kintner

Communications Manager

Velocity Technology Solutions

704-594-8611

donald.kintner@velocitycloud.com