Venture Technologies, which is backed by FlatWorld Capital, has acquired WhiteLight Group, a provider of enterprise business applications services and software solutions. No financial terms were disclosed.
CHICAGO, IL AND MILWAUKEE, WI (PRWEB) JUNE 02, 2016
WhiteLight Group, a leading provider of enterprise business applications services and software solutions focused on business technology strategy, Oracle (JD Edwards) premise and ERP Cloud applications, business intelligence, mobility and Industrial Internet, announced today they have been acquired by Venture Technologies.
Venture Technologies is a premier IT Solutions Provider based in Ridgeland, Mississippi, delivering best-in-class Premise Infrastructure Solutions, Collaboration Solutions and Cloud Services to private and public organizations throughout the United States and abroad.
This acquisition extends WhiteLight Group’s ability to provide customers complete and flexible enterprise technology solutions in this increasingly complex technology environment. As solutions have become more intricately built to satisfy various needs, the implementation of that software on trusted and secure platforms becomes vital to the overall success of the solution.
Enterprise Resource Planning (ERP) and associated software continues to be the backbone on which companies rely for managing their business and interconnecting with customers and trading partners. In the post-modern ERP world, applications strategy must consider multiple options for infrastructure and deployments, with premise, managed services, hosting and cloud.
Combined, the two companies provide best-in-class business applications on premier infrastructure, offering an even broader set of solutions to customers, including architecture planning, design and implementation, hosting and managed services (infrastructure and applications), business process optimization, ERP implementation, upgrades, Internet of Things, mobile applications and business intelligence. Working with best-in-class applications such as Oracle JD Edwards and other partner products, WhiteLight Group can now provide greater innovation, flexibility and a superior operational experience.
Paul Demes, Partner, WhiteLight Group stated, “In Venture Technologies, we have found an incredible partner who shares in our vision for providing flexibility in premise, cloud and hybrid cloud offerings for our portfolio of solutions and services. We’ve been looking for the right partner to broaden our solutions, and extend our industry and geographical reach. Venture Technologies is a great fit and shares our same business values. Providing our customers with all the tools needed to automate and integrate their business, allows them to focus on their business and make better decisions. We’re very excited about building and delivering even more innovative, agile and high-performance solutions for our customers.”
For Venture Technologies, this acquisition represents a broader consolidation strategy. “There are numerous quality IT infrastructure and cloud providers operating across the nation, and by diversifying our national platform to include high-end business applications, we are able to expand our capabilities and serve a growing market. WhiteLight Group has built tremendous brand recognition in the Oracle JD Edwards community. We plan to leverage that by positioning them in the lead role of managing this new and growing business applications segment of Venture.” said Gerard Gibert, CEO of Venture Technologies.
The merger and continued consolidation strategy is supported by FlatWorld Capital, a New York-based private equity group that specializes in funding and advising middle-market companies. Jeff Valenty, managing partner for FlatWorld Capital, commented on the merger, “WhiteLight Group presents a compelling new application solutions platform for Venture Technologies’ ongoing acquisition strategy. Our team is excited to expand our partnership with the combined Venture and WhiteLight teams to address the incredible opportunities for continued growth in the IT solutions and cloud services industry.” Venture Technologies is also supported by senior debt financing from Wells Fargo Commercial Distribution Finance and White Oak Global Advisors and mezzanine debt financing from Spring Capital Partners, Bay Capital Investment Partners and Harbert Mezzanine Partners.
About WhiteLight Group
Since 2002, WhiteLight Group has been a leading business applications firm providing strategy, enterprise architecture, ERP implementation and managed services. They help organizations simplify, standardize, and optimize their ERP business processes in the areas of finance, procurement, manufacturing, capital asset management and supply chain. Their core business model revolves around enterprise architecture, core ERP, cloud and Internet of Things connectivity. For more information, visit http://www.whitelightgrp.com.
About Venture Technologies
Venture Technologies is an IT Solutions Provider that delivers Premise Infrastructure Solutions, Collaboration Solutions and Cloud Services to both private and public sector organizations. Founded in 1986, the company operates locations in Alabama, Colorado, Louisiana, Mississippi, Tennessee and Wyoming. Venture also owns and operates certified Data Centers (VTCloud ®) in Jackson, Mississippi, Englewood, Colorado, and Casper, Wyoming from which it produces a comprehensive suite of cloud services to thousands of domestic and international customers. Visit http://www.ventech.com for more information.
About FlatWorld Capital
FlatWorld Capital is a global private equity investment firm led by a team of entrepreneurial investment professionals with over eight decades of experience in finding and structuring innovative and creative capital solutions. Visit http://www.flatworldcapital.com for more information.