Detroit, USA-based top North American cloud service and technology company providing comprehensive transformation services that span the entire enterprise, Centroid Systems acquired Texas, USA-based innovative systems integrator renowned for its Oracle Cloud EPM expertise and innovative approaches to industry-specific challenges, EPM Intelligence. The company announced the acquisition on June 8, 2023. However, it did not disclose the amount of the deal.
Purpose of acquisition by Centroid Systems
With the latest acquisition, Centroid strengthens its market position and further propels its growth trajectory. It further gets to expand its ability to serve business technology clients worldwide.
In addition, Centroid intends to strengthen and enhance its product offerings, broaden its customer base, as well as deepen its expertise and presence within SaaS Applications.
Furthermore, this acquisition aligns with Centroid’s commitment to staying at the forefront of technological, cloud transformation innovation and delivering exceptional value to its clients.
What the Centroid Systems official has to add
Centroid’s CEO and Managing Partner, Scott Morrell, said, “We are thrilled to welcome EPMI to the Centroid family. They share much of the same values and culture as Centroid in terms of placing our customers and employees at the forefront of everything we do. Joining forces presents an exciting opportunity to scale our technology and drive its adoption on a much higher level than ever before. We believe that by combining our unique capabilities with EPMI’s deep industry expertise and exceptional resources, we will create truly transformative solutions that will further shape the future of technology for our clients.”
In addition, Trent Hickman, Managing Director at VSS Capital Partners and board member of Centroid, said, “We are pleased to support the Centroid team as they continue to expand their business within the high-growth Oracle ecosystem. The transaction is a great example of VSS’s buy and build strategy.”
What the EPM Intelligence official has to add
Nihar Parikh, CEO & Co-Founder at EPMI, further added, “We are excited to join Centroid as we view this as a momentous opportunity to scale new heights together. This new phase in our business allows us to accelerate our growth and deliver even more value across the entire Oracle platform to our customers. Our shared vision for innovation, delighting customers, and working with trusted experts make this partnership a perfect fit. Together, we will create groundbreaking, transformational solutions that will redefine the technology landscape for our clients and solidify a platform for continued success.”
About Centroid Systems
Eric Reed and Scott Morrell in 1997 launched the company. Centroid is today a provider of managed cloud services and enterprise workload consulting services across Oracle, Amazon, IBM, Microsoft, and Google cloud platforms.
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