Software

Velocity acquires CTI Solutions

November 30, 2020

Velocity, a network management and connectivity company, has acquired CTI Solutions, a digital signage and content management provider. With this acquisition, Velocity plans to expand its in-house development capabilities for software-as-a-service products, according to a press release.

CTI Solutions provides digital signage software and hardware as well as network and hosting tools. Velocity will use its products to offer interactive touchless and content management solutions.

"The digital marketing sector is experiencing a rapid shift to a SaaS model and acquiring CTI allows us to accelerate our aggressive growth plans to buildout Velocity's SaaS product offerings," Greg Kiley, founder and CEO, Velocity, said in the release. "This acquisition better positions us to help our clients display their brand and media content across multiple customer touchpoints and create best-in-class customer experiences that transcend the physical and digital arena."