Centroid Systems Announces Strategic Acquisition of INTELLETIVE, Further Expanding its Technology Solutions Portfolio

Centroid Systems, LLC ("Centroid"), a top North America cloud service and technology company providing comprehensive transformation services that span the entire enterprise, today announced the acquisition of Intelletive, an innovative technology consulting firm with core competencies in DevOps, specifically automating the deployment of software and infrastructure, with expertise in full-stack software development, AI and ML solutions. Intelletive also brings with it m9sweeper, a leading open source Kubernetes security platform. This strategic move solidifies Centroid's position in the marketplace and accelerates its growth trajectory, greatly enhancing its capacity to cater to the needs of business technology clients across the globe.

The acquisition of Intelletive marks a pivotal moment for Centroid, significantly enriching our technology suite, expanding our reach to new clients, and amplifying our expertise in areas critical for digital transformation. The blend of both companies' comprehensive solutions uniquely positions us to revolutionize the managed services ecosystem for our clients. This collaboration enables us to offer an unparalleled range of services, from bespoke software development and seamless integrations to the automated provisioning of infrastructure, setting a new standard in client-centric technology services.

Moreover, this acquisition underscores Centroid's unwavering dedication to leading the charge in technological and cloud transformation innovation, ensuring that we continue to deliver unparalleled value to our clients.

Scott Morrell, CEO and Managing Partner of Centroid, shared his excitement about the acquisition, remarking, "It's with great pleasure that we integrate Intelletive into the Centroid fold. This team truly embodies a synergy with Centroid's values and culture, especially in prioritizing our customers and employees above all. This merger heralds a vital moment to amplify our technological offerings and foster unprecedented adoption levels. By melding Intelletive's advanced expertise in DevSecOps, Kubernetes, AI, and ML with our robust service portfolio, we're poised to deliver groundbreaking solutions that will redefine the technological landscape for our clients."

"We are enthusiastic about integrating Intelletive's advanced capabilities and expertise in DevOps into our wide-ranging service portfolio. The synergy between their team's proficiency, innovative methodologies, and our current offerings is a perfect match for the evolving needs of our market and will enable extended dialogue around new ways to solve business challenges. This strategic union propels us forward, fortifying our growth trajectory and enriching the value proposition for our clients," remarked Jim Brull, Managing Partner and Senior Vice President of Sales & Marketing.

"We're thrilled with Centroid's acquisition and look forward to partnering with Intelletive's team to support their continued growth at a time when these types of services are in high demand," said Trent Hickman, Managing Director at VSS Capital Partners and board member of Centroid. "We believe this transaction further positions Centroid to pursue new growth opportunities and better serve its fast growing customer base."

Jacob Beasley, Co-Founder of Intelletive, expressed his enthusiasm, stating, "This is a win for our customers, employees, and organization. It ensures that our clients will receive top-tier services, empowers our team to focus on their strengths, and opens a new chapter of growth opportunities for our organization."

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 Oracle, Amazon, IBM, Microsoft, and Google cloud platforms. With additional U.S. locations in San Francisco, Los Angeles, Dallas, Florida and New York, and a large office in Hyderabad, India for 24/7 support, the company employs roughly 200+ 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 Engineered Systems, Oracle Technology, and Infrastructure-as-a-Service over the past 6 years. In addition, Gartner has recognized Centroid in 2021 and 2022 in their Market Guide for Oracle Cloud Infrastructure Professional and Managed Services. For more information, please visit: https://www.centroid.com.

About Intelletive
Founded by Jason Woodman and Jacob Beasley in 2008 and headquartered in Minneapolis, Minnesota, Intelletive is a technology consulting company with core competencies in DevOps, specifically automating the deployment of software and infrastructure, full-stack software development, and AI/ML solutions. For more information, please visit: https://www.intelletive.com/.

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.