Riverside completed the acquisition of ProVelocity.

Riverside, a private investor, completed the acquisition of ProVelocity, an IT solutions provider. Financial terms were not disclosed. “The MSP market is an attractive area for a roll-up strategy given the highly fragmented market, positive industry tailwinds and benefits of scale. ProVelocity and IronEdge are synergistic businesses, and we look forward to supporting their growth," Loren Schlachet, Riverside Micro-Cap Fund Managing Partner.