Agiliti is an award-winning outsourced technology provider delivering high-end managed services to leading enterprises and on-demand application providers. As an early infrastructure provider for emerging Software as a Service (SaaS) vendors, Agiliti delivers the promise of utility computing through robust managed hosting services that enable the technology system requirements demanded to support rapid business growth. The results have led Agiliti to build a customer base of software vendors and leading enterprises that include such firms as Select Comfort, The Mayo Foundation, LifeTouch, Achieve Healthcare, Gearworks, Kroll, Plato Learning and the official website for the 2004 Olympic Games in Athens. Headquartered in the Twin Cities, Agiliti was selected by the Minneapolis/St. Paul Business Journal as one of the 2004 Great Places to Work.

In an effort to capitalize on the Company’s proven success and foundation in delivering high-end managed services to leading firms in the Midwest, Agiliti sought to accelerate growth through a national build out. Leveraging its success in meeting the growing technology challenges and complexities associated with delivering on-demand application environments, Agiliti devoted its attention to scaling its services offering targeting the $7 billion SaaS market. In capturing this market, the Company built a strategic plan that called for increased investment into focused sales, marketing and product management resources as well as the integration of next-generation solutions. Partnering with Agiliti to develop its national expansion strategy, TripleTree assisted the Company pursue the resources needed for both short-term and long-term success.

Helping shape Agiliti’s growth strategy built upon the firm’s past success in SaaS application environments, TripleTree led Agiliti’s efforts in securing additional resources for accelerated growth. The process undertook an approach defined by building long-term value creation rather than the opportunity for short-term liquidity. To meet this objective, TripleTree and Agiliti focused its pursuits on raising a new round of equity investment to capitalize the strategy plan, while in parallel engaging select discussions with a small group of other managed service providers around the opportunity to combine assets and address the market together. Among various options, the process resulted in the strategic merger between Agiliti and Houston-based managed services provider, VeriCenter.

Like Agiliti, VeriCenter is a venture backed company whose investors share the similar objectives of long-term value creation. The decision to forgo additional equity capital was ultimately reflected in the investment and infrastructure already put in place by VeriCenter that Agiliti would need to duplicate, as well as a shared culture for delivering high-end, hands-on service. In an industry where scale is often a strategic asset, the combined firm brings together $50 MM in recurring revenue – both EBITDA and cash flow positive. Strategically, VeriCenter shared Agiliti’s interest in aggressively servicing the SaaS market and provided the necessary capital and operational resources to support this effort while continuing to expand the firms’ customer presence among large and mid-sized enterprises. Agiliti’s Midwest footprint complements VeriCenter’s existing data centers in Atlanta, Denver, Boston and Houston, resulting in an established national provider of top-tier managed services.

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