Strategic business combination of leading east coast-based Microsoft partner expands Velosio’s delivery model and strengthens the company’s services and industry solutions for small and medium-sized businesses
COLUMBUS, OH December 7, 2020 — Velosio, a technology partner specializing in business management solutions for small and medium-sized companies and larger enterprises, today announced it has acquired BroadPoint, a Microsoft Gold Certified Partner specializing in business applications for not-for-profits, with industry expertise in manufacturing, professional services, and field service. 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.”
“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. We see strategic business combinations with partners like BroadPoint as a win-win where not only does Velosio continue to strengthen its service offering and talent base, but we can provide a larger opportunity for their employees to further their own professional development and training, and deliver even more value to their existing clients and together, our future clients.”
This acquisition will strengthen Velosio’s Microsoft Dynamics footprint in the eastern US and adds depth to our vertical IP accelerating our focus on the manufacturing, not-for-profit and professional services industries.
The transaction was facilitated by IT ExchangeNet (ITX), a leading Microsoft channel mergers and acquisitions firm.
For more information on Velosio, visit Velosio.com.
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.