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Centroid Systems completes acquisition of Qbit to expand global technology services

Jun 18, 2024•over 1 year ago

Acquiring Company

Centroid Systems

Acquired Company

Qbit

TroyBuenos AiresCloud InfrastructureCloud ComputingConsultingSoftware

Description

Centroid Systems, LLC, a leading cloud service and technology company, has strategically acquired Qbit, a renowned Oracle partner headquartered in Buenos Aires. This acquisition expands Centroid’s application and infrastructure managed services capabilities on a global scale and strengthens its capacity to support clients' digital transformation efforts.

Company Information

Company

Centroid Systems

Location

Troy, Michigan, United States

About

For over 25 years, Centroid has provided comprehensive transformation services that span the entire enterprise. These services include digital transformation, consulting, and managed services across various cloud platforms that have helped our clients modernize, transform, and grow their businesses to the next level. As an Oracle CSP/MSP and Oracle's North American Partner of the Year for Engineered Systems, Oracle Technology, and Infrastructure-as-a-Service over the last 5+ years, our team has the expertise and commitment to ensure successful transformation journeys for our customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed