Comprehensive Company Profile: Velocity

Company Overview

Velocity, A Managed Solutions Company, was founded in 2005 and has since established itself as a leading provider of IT solutions and support services. The company is committed to enhancing business growth by expertly managing clients' technology needs. Velocity's diverse range of services includes voice, data, Wi-Fi, economic management through its Global Expense Management (GEM) platform, POTS IN A BOX®, and Free-to-Guest TV services. These solutions are supported by a proprietary network encompassing 21 fully redundant fiber-optic data centers nationwide. With over 5,500 certified technicians, project managers, and software developers, Velocity offers 24/7/365 U.S.-based technical support alongside advanced supply chain and logistics services including inventory management, warehousing, and a repair depot. The company, operating as a Competitive Local Exchange Carrier (CLEC) in all 50 states, ensures continuous network monitoring, fast responsiveness, and minimized downtime for its clients.

Leadership Team

Greg Kiley, Chairman & CEO: Founder of Velocity, Greg Kiley has transitioned the company from its original telecommunications sales into a comprehensive managed solutions provider. His leadership credentials are backed by accolades such as the EY Entrepreneur Of The Year award for Michigan and Northwest Ohio.

Mark Walker, President & COO: Mark Walker aligns Velocity’s strategic goals with customer satisfaction. With more than 25 years in high-level roles, his expertise bolsters the company's operations, particularly within the retail and hospitality sectors.

Betty Ong, Chief Financial Officer: In charge of finance, accounting, and sourcing teams, Betty Ong's experience spans major corporations like Thomson Reuters and Verizon, bringing rigorous financial oversight to the company.

Jim Rothschild, EVP, General Counsel & Data Privacy Officer: With two decades of recognition as one of the Best Lawyers in America, Jim Rothschild enhances Velocity's legal capabilities, risk mitigation, and corporate development.

Weston McDonald, Chief Sales Officer: Focused on driving sales and market presence, McDonald brings comprehensive experience from healthcare and banking sectors, enhancing company growth through leadership roles at Accenture and IBM.

Joe Ross, Chief Commercial Officer: With over 20 years in the entertainment industry, Joe Ross leads sales and marketing that drive revenue, supporting the company’s involvement in digital media and advertising solutions.

Brandon Lehmann, Chief Technical Officer: An expert in technology strategy with over 20 years of experience, Brandon Lehmann oversees the technological advancements at Velocity, facilitating innovation in communications and marketing.

Anthony Nguyen, CIO/CISO: Anthony Nguyen manages cybersecurity and IT operations, and his extensive background in security and IT management strengthens Velocity’s secure and efficient IT environments.

Carlos Paz, EVP, Corporate Development: With a solid 20-year background in strategic planning and corporate governance, Carlos Paz focuses on mergers, acquisitions, and integration at Velocity, driving corporate growth and development.

Innovations and Network Capabilities

Recent developments at Velocity include becoming an authorized reseller of SpaceX’s Starlink Satellite Internet and integrating DataRemote’s 5G POTS Replacement Solutions, showcasing Velocity's commitment to innovative service offerings. The company effectively manages over 3 million devices and 42,000 network connections across the United States, supported by 21 fiber data centers and over 450 carrier agreements. These capabilities highlight Velocity’s robust infrastructure, facilitating seamless management solutions for multi-location enterprises.

Competitor Profile

Competitive Landscape

Velocity faces a competitive environment across its service sectors, particularly through its expansion efforts such as Velocity Global. Here, we identify key competitors and analyze their market positioning in relation to Velocity.

Primary Competitors

Velocity primarily competes with companies such as Gallop Growth, Clearco, Silvr, Veritas Finance, Onramp Funds, Movens, Outfund, and SMC Finance. Additionally, competitors like Solviteers, ABM, TGS Enterprise Networks, and IPSUM Technology are emphasized as significant industry players.

Velocity Global encounters competition from firms including Oyster, Skuad, Hireright, Remote.com, Deel, Justworks, Papaya Global, Omnipresent, Horizons, G-P (Globalization Partners), and Multiplier. Its competitive advantage stems from its capability to engage talent in over 185 countries, offering comprehensive employment-of-record (EOR) solutions.

Competitor Analysis

Deel:

Deel provides an extensive HR platform facilitating management of an international workforce, with operations in 100+ countries and a track record of over $600 million raised in capital. It serves high-profile clients like Shopify and Nike, emphasizing payroll and HR compliance solutions across 150 countries.

Remote.com:

Renowned for supporting distributed team management and payroll processing, Remote operates with $506 million in raised capital and offers streamlined global hiring facilitated by a user-friendly platform.

Oyster:

Oyster's platform focuses on enabling global hiring and payroll management without necessitating local legal entities, enhancing competitiveness by offering localized employee benefits.

Papaya Global:

A fintech powerhouse, Papaya Global automates payroll and compliance across 160 countries, supporting seamless workforce management integrated with a global supplier network.

G-P (Globalization Partners):

This company specializes in Employer of Record solutions, providing rapid global team management with a focus on compliance in over 180 countries, achieving a 96% customer satisfaction rate.

Strategic Considerations

Velocity's strategy should emphasize its extensive global reach and expertise in comprehensive talent engagement, coupled with its varied service portfolio. Highlighting high client retention and holistic market solutions in marketing strategies is crucial for maintaining its competitive edge. Forming strategic partnerships with industry leaders can further enhance Velocity's standing in the global marketplace.