Spire Capital invested in Velocity Technology Solutions in February 2010. Under Spire Capital’s management, Velocity was a leading provider of application hosting services. Velocity allowed clients to fully outsource the management and hosting of their enterprise resource planning (ERP) and related software and software-as-a-service (SaaS) applications. The Company provided platform application hosting services for many enterprise organizations utilizing Lawson, JD Edwards, Kronos and other applications within their organization. The Company guaranteed the availability, connectivity, security and compliance of an ERP software application and also delivers certified implementation and consulting services. Spire Capital exited the investment in Velocity in August 2012 to Silverlake Sumeru.
Investment InformationInitial Investment Date: February 19, 2010
Status: Exited to Silverlake Sumeru in August 2012
Type of Investment: Fund II