Pharus Advisors LLC

Location:

551 FIFTH AVENUE SUITE 1125New York CityNew York10176United States View Map

Revenue:

$6 Million

Employees:

30

SIC Codes:

6799

Phone:

(212) 904-0100
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Description:

Pharus provided a full range of advisory services to Velocity, including business evaluation, growth financing, corporate advisory advice and is providing ongoing acquisition advisory services. Pharus assisted the company in a financing process among both growth equity and mezzanine capital providers, emphasizing Veocity’s unique strengths and strong growth prospects. The growth financing was structured as Senior Subordinated Notes with nominal equity dilution. Velocity, headquartered in New York, NY, is a profitable enterprise applications management services and IT consulting service provider to medium and large sized companies. Velocity has an extensive history of providing IT consulting services for enterprise applications including Lawson and Oracle/JD Edwards EnterpriseOne, and has been a provider of premiere application management services since 2003. The Company’s application management solutions are provided in conjunction with Verizon Information Technologies. Velocity together with Verizon bring a substantial footprint to the market with four 100,000 sq ft of state-of-the-art datacenter facilities, a national telecommunications network, 10,000 IT professionals, more than 200 hosted clients, and SAS70, HIPPA, ISO 9000 compliance.

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