Weil Aids Silver Lake Sumeru In $225M Velocity Cloud Biz Buy

Law360, New York (July 13, 2012, 4:39 PM ET) -- A technology investor group led by private equity firm Silver Lake Sumeru has agreed to purchase cloud computing services provider Velocity Technology Solutions for about $225 million, a person close to the deal said Friday.

The deal, in which Silver Lake Sumeru will buy the company from a shareholder group that includes Spire Capital Partners and Tudor Ventures Group, is the private equity firm's fourth major transaction this year.

“Our firm has a strong interest in managed cloud services, having completed several investments in the sector....
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