This is CentriLogic's second acquisition of 2020. Moreover, this is M&A deal number 186 that ChannelE2E has covered so far in 2020. The pace of deals has slowed a bit since the coronavirus pandemic emerged, but overall M&A activity remains reasonably steady. See the complete M&A deal list here.
Founded in 2001, ObjectSharp provides cloud-native development and application services for Microsoft Azure. The deal empowers CentriLogic to help customers create, re-factor and re-architect applications for the cloud, the buyer said.
ObjectSharp Acquisition: Executive Perspectives
CentriLogic CEO Robert OffleyIn a prepared statement about the deal, Robert Offley, president & CEO of CentriLogic, commented:
“As organizations increasingly adopt cloud technologies to accelerate and future-proof their IT transformation strategies, more and more are seeking expert development, migration, and managed services to help optimize the investments they are making. CentriLogic is committed to empowering our customers to realize the benefits of the cloud for their enterprise applications, and our acquisition of ObjectSharp helps us deliver on that mission. Along with our recent acquisition of ManageForce, ObjectSharp expands our ability to uniquely provide end-to-end IT transformation and application solutions.”
Mike Green, president and CEO of ObjectSharp, added:
“There are tremendous synergies between CentriLogic’s and ObjectSharp’s quests to solve organizations’ cloud and IT transformation challenges. We are now able to deliver greater support for our customers' entire cloud journeys by providing ongoing managed services for cloud-native applications. We look forward to being part of the CentriLogic team and providing our collective customers with an end-to-end solution that helps them quickly and effectively accomplish their business goals.”
CentriLogic’s Evolution
CentriLogic, backed by private equity firms TriSpan Opportunities Fund and Long Point Capital since 2018, offers advisory, cloud, application management, and infrastructure services. The company has offices in Canada, the United States, and the United Kingdom.
CentriLogic has M&A experience. The company in January 2029 acquired Microsoft partner ManageForce. And in 2015, CentriLogic it acquired Advanced Knowledge Networks (AKN), a Canadian MSP that serves midmarket customers.
Until at least June 2018, CentriLogic positioned itself as a global provider of managed IT solutions. The company now promotes itself as a global provider of IT transformation solutions.
