Velosio has acquired Silverware Inc., a Microsoft Partner focused on Dynamics 365 Business Central for the agriculture technology sector. Financial terms of the deal were not disclosed.
This is technology M&A deal number 321 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Velosio Acquires Microsoft Dynamics Partner Silverware
Silverware, founded in 1988, is headquartered in Phoenix, Arizona with an additional location in Seattle, Washington. The Microsoft Gold Partner and CSP employs 35 people with clients across North America. In addition to cloud ERP, Silverware provides consulting and implementation of cloud solutions for customer experience, automation and business analytics, according to the company.
Silverware founder Sara Silver will join Velosio’s Agribusiness team as practice director, horticulture solutions where she will continue to interact with clients, partners and other team members to drive future development and growth, according to the companies.
Velosio of Columbus, Ohio, serves over 4,000 clients in the U.S. and Canada. It is one of the largest Microsoft partners in North America and is the only Microsoft Cloud distributor that specializes in Dynamics 365, the buyer asserts. Velosio's olutions portfolio includes ERP, CRM, productivity, business intelligence and power platform as well as NetSuite and Sage.
Executive Insight
Sara Silver, president of Silverware, commented on the news:
“Along with expertise in Microsoft cloud ERP and CRM, Silverware is known for providing an exceptional client experience. I am confident and excited that joining Velosio will further enhance that experience through an expanded suite of cloud services and solutions. Velosio’s attention to detail, industry focus and expertise across the entire Microsoft cloud portfolio are completely aligned with our strategy and will help us to deliver even greater value in the years to come."
Joseph Longo, CEO, Velosio, added:
“Velosio has experienced significant growth over the past two years. The acquisition of Silverware will provide a seasoned team of professionals and significant intellectual property for agribusiness companies, including comprehensive cloud ERP extensions of Dynamics 365 Business Central which will increase our ability to compete and expand in this market.”
Velosio's M&A Activity
Harren Equity Partners invested in Velosio in 2019, and since then the firm has pursued select strategic acquisitions to further growth. Prior to this acquisition of Silverware, Velosio acquired BroadPoint, a Microsoft Gold Certified Partner focused on Dynamics 365 that focuses on business applications for not-for-profits, with additional expertise in manufacturing, professional services and field service.
A growing list of Microsoft Dynamics partners have completed merger and acquisition (M&A) deals or financial investments of some type. Some engagements include private equity investors. Here’s an ongoing list of M&A agreements and investments involving Microsoft ERP (enterprise resource planning), CRM (customer relationship management) and business application partners.
