Capital investment accelerates company growth plan
COLUMBUS, OH March 11, 2019— Velosio, a technology partner specializing in business management solutions for small and medium-sized companies and larger enterprises, is excited to announce it has received a capital investment from Harren Equity Partners (“Harren”), a private equity firm dedicated to the growth and development of industry-leading companies through the creation of strong partnerships.
Velosio, created a year ago from the merger of two leading Microsoft Dynamics partners, SBS and Socius, with a goal to build a growth-oriented organization, offers the entire Microsoft Dynamics business solution portfolio and NetSuite, along with the Office 365 family, Azure cloud services and a host of supporting offerings. As such, Velosio helps its clients with enterprise resource planning (ERP), customer relationship management (CRM), productivity and business intelligence, to name but a few key solutions. Together with Harren, Velosio will further their growth and advance strategic goals of becoming the leading Microsoft Dynamics Partner in North America.
“Velosio has energetic plans for 2019 to grow the business across our entire portfolio of solutions, practices, and channels,” said Jim Bowman, Chairman of Velosio. “To ensure that we had the right financial partner to help us drive that growth, we undertook an exhaustive search last year to find a partner who not only had the financial resources but someone who also shared our vision of what Velosio can become. We have gotten to know the Harren team over the last several months and we are excited that the investment professionals at Harren share our enthusiasm of, and confidence in, the future of Velosio, and will provide us a capital structure to grow at an even faster pace.”
Lee Monahan, Partner of Harren, stated “Through this financial investment, and working to execute strategic plans in partnership with Velosio leadership, Harren is excited about Velosio’s ability to accelerate their growth through new resources, acquisitions and business partnerships.”
For more information on Velosio, visit Velosio.com.
For more information on the Harren Equity Partners, visit Harrenequity.com
Harren Equity Partners is a Charlottesville, Virginia based private investment firm dedicated to the growth and development of industry-leading companies through the creation of strong partnerships with outstanding management teams. Harren’s unique approach focuses on operational excellence and insightful strategic analysis, rather than financial engineering. The principals of Harren have significant operating experience and work closely with portfolio company management teams to continue to grow companies and improve profitability.
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, Office 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.