The recent acquisition of EPM Intelligence continues Centroid’s expansion of transitional services focused on SaaS Applications with a leading edge EPM cloud consulting and managed services practice.
Troy, MI – June 08, 2023
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 EPM Intelligence, LLC (“EPMI” or the “Company”), an innovative systems integrator renowned for its Oracle Cloud EPM expertise and innovative approaches to industry-specific challenges. The strategic move will fortify Centroid’s market position and further propel its growth trajectory, significantly expanding its ability to serve business technology clients worldwide.
The acquisition of EPMI represents a significant milestone for Centroid, as it will strengthen and enhance its product offerings, broaden its customer base, and deepen its expertise and presence within SaaS Applications. The combined capabilities of both companies, including EPMI’s long-standing Oracle partnership, revolutionary best practices and progressive use of Oracle’s enterprise software will result in a comprehensive suite of solutions that further address the evolving needs of clients, fostering cloud transformation services and driving efficiencies across various sectors. Furthermore, this acquisition showcases Centroid’s commitment to staying at the forefront of technological, cloud transformation innovation and delivering exceptional value to its clients.
Centroid’s CEO and Managing Partner, Scott Morrell, expressed enthusiasm about the acquisition, stating, “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.””
“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,” said Trent Hickman, Managing Director at VSS Capital Partners and board member of Centroid.
“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,” said Nihar Parikh, CEO & Co-Founder at EPMI.
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 5 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 EPM Intelligence
Founded by Oracle Consultants in 2012 and headquartered in Houston, Texas, EPM Intelligence (EPMI) is a systems integrator with an outstanding reputation for implementing Oracle’s Enterprise Performance Management software solutions.
EPMI provides business leaders the tools and processes they need in today’s agile and technology-savvy world to strategize, optimize, and succeed. We help solve complex business challenges facing any company by utilizing the cutting-edge technologies and best practices built into Oracle’s solutions. With the extensive experience of our team of former controllers, CFOs, sales leaders, and technology experts, we are equipped to deliver a successful solution. For more information, please visit: https://epmi.com.
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 96 platform investments and over 400 add-on acquisitions. For more information, please visit: www.vss.com.
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Vice President Marketing
Centroid Systems, Inc.