Long Point Capital is pleased to announce that its portfolio company Centrilogic, a global provider of managed IT transformation solutions, has acquired WatServ, an award-winning technology solutions provider that delivers experience-tested and strategic outcomes across all stages of the IT transformation journey. The transaction is the fourth acquisition that Centrilogic has completed since Long Point’s investment in 2018.
The acquisition will extend Centrilogic’s geographic footprint across Canada and the USA, add over 100 new mid-market and enterprise clients to the company’s portfolio, and strengthen technical and executive expertise and leadership in key areas including business development, technological innovation, partnerships, and client success.
“As we continue to help clients succeed in their IT transformation journeys, we recognize the importance of being able to architect and deliver a true end-to-end solution that extends from strategic advisory and consulting through to deployment and ongoing optimization,” says Robert Offley, President & CEO of Centrilogic. “WatServ’s complementary capabilities will better position Centrilogic to help our clients adopt modern cloud technologies to drive positive business results and realize their full digital potential.”
Centrilogic is a global provider of IT transformation solutions that empower organizations to realize their full digital potential. Armed with capabilities that span the IT capabilities stack – from multicloud management to next-gen applications and strategic services – Centrilogic delivers resilient end-to-end digital solutions that help companies reshape the role of their technology platforms as business-driving assets. With regional headquarters in Canada, USA, and the United Kingdom, Centrilogic delivers solutions to innovative companies worldwide. For more information, please visit our website at www.centrilogic.com.
About Long Point Capital
Long Point Capital, a New York based investment firm, is a value-added partner that invests in founder, family and management-owned companies with highly capable management teams and strong growth prospects. Long Point focuses on professional services companies. Companies in other sectors may be pursued opportunistically. Typical platform companies have $5 million to $30 million in EBITDA. For more information please visit our website at www.longpointcapital.com.