Coretelligent snags funding from VSS


Veronis Suhler Stevenson has made an undisclosed investment in Coretelligent LLC. Based in Westwood, Massachusetts, Coretelligent is a provider of private cloud and IT managed services and support for small and mid-sized businesses.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–VSS, a private investment firm focused on the information, education, healthcare IT and tech-enabled business services sectors, announced today that it completed an investment in Coretelligent, LLC (“Coretelligent”), a leading provider of private cloud and IT managed services and support to small and mid-sized businesses.

Founded in 2006 by Kevin J. Routhier, Coretelligent is a leading provider of comprehensive managed IT and private cloud services, enabling organizations to seamlessly power and successfully grow their businesses. Coretelligent’s clients include private equity, ventured capital, life sciences, legal services and real estate development firms. Coretelligent has been named to the Inc. 5000 list of fastest growing companies in the U.S. for five consecutive years and is also consistently recognized in prominent industry publications, including MSP Mentor, where it ranked #21 in the tier one total service provider list, and The Channel Company’s 2016 CRN Fast Growth 150 list, where it ranked #19.

Coretelligent provides its services through 5 principal product lines – 360 Support, a suite of support, monitoring and managed solutions that secure and enhance IT operations; CoreCloud, an Infrastructure-as-a-Services (“IaaS”) platform fully managed and engineered for high availability, seamless transition, rapid deployment and enhanced security; CoreBDR provides data protection and recovery available for hosted on-premise or in the cloud environments, leveraging EMC Data Domains for storage and Veeam for back/recovery processing; CoreArmor, a state of the art suite of cyber security services; and ManagedIT is a customized technology solution to improve existing network or server designs and build new corporate infrastructure.

Kevin J Routhier, Founder and CEO of Coretelligent said, “We were fortunate enough to have the opportunity to work with a number of very sophisticated investors as we enter the next phase of our company’s growth, but VSS’s flexibility and value-added approach really stood out. We are very pleased to partner with VSS to continue to provide best in class products and services to our growing client base.”

“It is a real honor to partner with Kevin and his outstanding team. We look forward to working closely with them to build upon Coretelligent’s already impressive growth story as they continue to expand their product suite, enter new markets and expand into new client verticals,” added Trent Hickman, Managing Director at VSS.

VSS has previous investment experience in the IT services space, including its investments in Hostway, a provider of web hosting and global hosting solutions, and IT-Ernity, a provider of business critical manager services and shared hosting for small and mid-sized businesses in the Netherlands.

About VSS
VSS (www.vss.com) is a leading private investment firm that invests in the information, education, healthcare IT and tech-enabled business services sectors in North America and Europe. VSS provides capital for growth, recapitalizations, strategic acquisitions and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine and structured equity securities.

About Coretelligent, LLC
Coretelligent (www.coretelligent.com) is a leading provider of comprehensive managed IT and private cloud services, enabling organizations to seamlessly power and successfully grow their businesses. Founded in 2006 and led by world-class experts, Coretelligent’s five key services – 360 Support, ManagedIT, CoreCloud, CoreBDR and CoreArmor – are relied on by top-tier organizations in the communications, education, financial services, life sciences, retail, and technology industries among others. Coretelligent and its team are recognized as leaders by the Boston Business Journal, CRN, Inc., MSPmentor and the U.S. Chamber of Commerce. It is headquartered in Westwood, Mass., with offices in New York City, Philadelphia and the San Francisco Bay area.

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