“Centroid Systems Strengthens Global Reach, adding Qbit’s Innovative Management Solutions into its Arsenal”
Detroit – June 18, 2024
Centroid Systems, LLC (“Centroid” or “the Company”), a leading cloud service and technology company in North America specializing in comprehensive transformation services across the enterprise, is excited to announce its strategic acquisition of Qbit, a renowned Oracle partner. Financial terms of the private transaction were not disclosed.
Headquartered in Buenos Aires, Qbit has nearly two decades of experience in delivering innovative and impactful Oracle solutions to clients located throughout Argentina, Chile and Latin America. With additional offices in Chile and Peru, Qbit provides integral management solutions services to businesses and provides full coverage of Oracle ERP products. Strategically, the acquisition will expand Centroid’s application and infrastructure managed services capabilities on a global scale.
“We are excited to welcome Qbit to the Centroid family. Qbit’s proficiency in Oracle Cloud solutions, coupled with their nearly two-decade-long track record as an Oracle partner, substantially strengthens our capacity to support our clients’ digital transformation efforts,” said Scott D. Morrell, CEO of Centroid Systems. “Our teams’ values and culture are seamless, and we are thrilled to welcome them to the family and leverage their wealth of talent to broaden our geographic reach together and deepen our industry and technical expertise.”
The integrating of Centroid’s comprehensive solutions with Qbit’s rich heritage of innovation and its interdisciplinary team of experts in communications, development, and systems consultancy, will enable the Company to be uniquely positioned to lead transformative changes in the managed services sector. Together, the combined business will guide businesses through their digital transformation journeys, setting new standards in the industry and achieving positive customer outcomes.
“This partnership significantly amplifies our core service offerings for our customers, bolstered by Qbit’s profound expertise in Oracle ERP systems, including Oracle Cloud ERP, JD Edwards EnterpriseOne, Oracle E-Business Suite, and NetSuite. Our combined strengths, particularly in executing global implementations and integrations, not only enhance business processes and IT efficiency but also underscore our commitment to providing cutting-edge technology solutions worldwide,” said Eric Reed, Managing Partner of Centroid. “Together, we are ideally positioned to meet and adapt to the evolving needs of our customers, ensuring they stay at the forefront of innovation, modernizing their business for the digital and AI era.”
“Our vision is to redefine the standards in technology services, continually advancing to empower enterprises with transformative solutions that unleash our customers’ potential. To achieve this, we are committed to expanding and enhancing our offerings and service locations to meet and surpass the rigorous demands of our customers. This strategic union propels us forward, strengthening our growth trajectory and enriching our value proposition to customers worldwide,” remarked Jim Brull, Managing Partner, and Senior Vice President of Sales & Marketing of Centroid.
“Qbit’s team of experts and global capabilities are an excellent fit for Centroid Systems. We look forward to supporting the continued growth of the platform’s expansion,” said Trent Hickman, a Managing Director of VSS Capital Partners and board member of Centroid.
About Centroid
Headquartered in Troy, Michigan, and founded in 1997 as an Oracle Consulting Services business, Centroid is today a provider of managed cloud services and enterprise workload consulting services across the major Hyperscalers. With expert resources across the United States, South America, and in India for 24/7 support, the company employs roughly 450+ people.
Centroid is recognized at the highest level of alliance relationship with Oracle for nearly 25 years and is one of Oracle’s leading cloud service providers in North America. Centroid has achieved many key milestones, including Oracle’s North American Partner of the Year for Cloud Solutions, Engineered Systems, Oracle Technology, and Infrastructure-as-a-Service over the past 6 years. In addition, Gartner has recognized Centroid in 2021, 2022, and 2023 in their Market Guide for Oracle Cloud Infrastructure Professional and Managed Services. For more information, please visit: https://www.centroid.com.
About Qbit
Founded in 2000, with offices in Buenos Aires, Santiago de Chile, and Lima, Peru. Qbit has established itself as a pivotal player in the Oracle ecosystem, delivering high-impact solutions across Oracle Cloud Infrastructure (OCI), cloud migrations, and comprehensive managed services support. Renowned for their deep expertise in Oracle ERP systems, including JD Edwards EnterpriseOne and Oracle EBS, Qbit brings a rich history of facilitating global implementations and integrations that enhance business processes and IT efficiency. For more information, please visit: https://qbitla.com/en/.
About VSS
Headquartered in New York, VSS is a private investment firm that invests in healthcare, business services and education companies. Since 1987, VSS has partnered with lower middle-market companies, working closely with management teams, to facilitate their next stage of growth. VSS provides capital for growth financings, recapitalizations, strategic acquisitions, and buyouts with the flexibility to invest control or non-control capital, based on the needs and objectives of each company. VSS has managed $4 billion in committed capital across 8 funds and has completed 99 platform investments and over 600 add-on acquisitions. For more information, please visit: www.vss.com.
Contacts
Rebecca Portela
Vice President Marketing
Centroid Systems, Inc.
+1. 248.465.9533
[email protected]
For VSS:
Katrin Lieberwirth
Stanton
+1 646-502-3548 (office)
[email protected]