KBS RISES TO THE CHALLENGE OF ACCELERATING VELOCITY’S EXPANSION

Will Griffiths, KBS Corporate Deal Executive, has overseen the sale of Cloud computing specialist Stellarise Ltd to Velocity Managed Services.

Based in London, Stellarise offers a range of IT and technology solutions encompassing cybersecurity through to hardware supply, with access to over 30 technical staff across multiple disciplines.

The company has now been taken under the wing of the Velocity Technology Group, which was founded in 2003 and is headquartered just outside Denver, Colorado.

In 2022, Velocity took steps to expand into the UK and European markets and after what it described as “an extensive search”, it has acquired 100% of Stellarise.

“We spent countless hours looking for potential companies to acquire that would add more critical mass from a customer and skills perspective,” said a Velocity spokesperson.

KBS Corporate was able to help Velocity reach its acquisition goal, with their spokesperson adding: “We are excited to add 30 new customers to our Velocity Technology Group family and can’t wait to start adding value to our 330+ customers across the group with our joint solutions offering.”

Regarding the M&A market appeal of Stellarise, Will Griffiths said: “It was certainly an attractive opportunity. The business has the unique capability of offering a full reporting system to its clients, which is fully scalable to meet the requirements of clients of all sizes.

“The business had also developed its own IP, which is used to ensure the safety of clients’ email databases and is unique to the industry.

“The client was very competent and great to work with.”

Will also praised the services provided by sell-side solicitor Ison Harrison, describing Victoria Boid’s work as “exceptional”.

Velocity is confident that bringing Stellarise under its umbrella is a sizeable step in its expansion plans having already successfully onboarded many new customers across the UK, Europe and Middle East.

“We believe this acquisition will support our customer mission and significantly enhance our ability to deliver on it,” said the Velocity spokesperson.

“Stellarise believes the right technology will grow your business, make it stronger and turn your vision into reality.

“The goal at Stellarise is to provide businesses with the strategy and resources they need to make informed, timely and scalable decisions that help their business growth in an ever-changing corporate environment.”