MDP-backed Navisite completed the acquisition of Velocity Technology Solutions.

Madison Dearborn Partners-backed Navisite, a managed cloud service provider, completed the acquisition of Velocity Technology Solutions, a global cloud managed service provider. Financial terms were not disclosed. "We look forward to what we can accomplish together with Navisite. With Navisite's resources, global capabilities and complementary expertise, Velocity is positioned to become an even stronger partner for our customers growing and competing in the digital economy. Most importantly, our customers can expect greater breadth and depth of services to help them eliminate IT complexity, lower costs associated with monolithic software deployments and migrate and transform their businesses in the cloud," Steve Kloeblen, Velocity Technology Solutions CEO.