VSS, a private investment firm focused on the information, education, healthcare IT and tech-enabled business services sectors, has completed an investment in Coretelligent, a provider of private cloud and IT managed services and support to small and mid-sized businesses.
Founded in 2006 by Kevin J Routhier, Coretelligent is a provider of managed IT and private cloud services.
Coretelligent’s clients include private equity, ventured capital, life sciences, legal services and real estate development firms.
Coretelligent has been named to the Inc. 5000 list of fastest growing companies in the US for five consecutive years.
It provides its services through five principal product lines: 360 Support, a suite of support, monitoring and managed solutions that secure and enhance IT operations; CoreCloud, an Infrastructure-as-a-Services platform fully managed and engineered for high availability, seamless transition, rapid deployment and enhanced security; CoreBDR, which provides data protection and recovery available for hosted on-premise or in the cloud environments, leveraging EMC Data Domains for storage and Veeam for back/recovery processing; CoreArmor, a suite of cyber security services; and ManagedIT, a customised technology solution to improve existing network or server designs and build new corporate infrastructure.
Kevin J Routhier, founder and CEO of Coretelligent, says: “We were fortunate enough to have the opportunity to work with a number of very sophisticated investors as we enter the next phase of our company’s growth, but VSS’s flexibility and value-added approach really stood out. We are very pleased to partner with VSS to continue to provide best in class products and services to our growing client base.”
“It is a real honour to partner with Kevin and his outstanding team. We look forward to working closely with them to build upon Coretelligent’s already impressive growth story as they continue to expand their product suite, enter new markets and expand into new client verticals,” adds Trent Hickman, managing director at VSS.
VSS has previous investment experience in the IT services space, including its investments in Hostway, a provider of web hosting and global hosting solutions, and IT-Ernity, a provider of business critical manager services and shared hosting for small and mid-sized businesses in the Netherlands.