Centroid Systems acquires Qbit, a renowned Oracle partner
Several LatAm firms feature in cross-border tech buy
Lily Squires
16 July 2024
US technology group Centroid Systems has called on the New York office of Willkie Farr & Gallagher LLP, Chile’s Carey, Marval O'Farrell Mairal in Buenos Aires and Peruvian firm Rodrigo, Elías & Medrano Abogados to acquire Argentine cloud management company Qbit.
The target relied on Argentina’s Viramonte & Acuña Abogados.
The deal closed on 14 June and no value has been disclosed.
Through the deal, Centroid expands its application and infrastructure-based services in Latin America.
Qbit provides cloud management services to companies in Latin America. It is headquartered in Buenos Aires and has additional offices in Chile and Peru. It is a partner of US computer technology group Oracle.
Headquartered in Michigan, Centroid is a subsidiary of VSS Capital Partners and provides cloud service solutions in North America.
Counsel to Centroid Systems
Willkie Farr & Gallagher LLP
Partners Adam Turteltaub and Justin Sommerkamp in New York
Carey
Partner Patricia Silberman and associates Jaime Coutts and Nicolás Fontaine in Santiago
Marval O'Farrell Mairal
Partner Hernán Slemenson and associates Juan Pablo Maspero, Carolina Fiuza and Delfina Estrada in Buenos Aires
Rodrigo, Elías & Medrano Abogados
Partner Eduardo López and associate Alejandro Prado in Lima
Counsel to Qbit
Viramonte & Acuña Abogados
Partner Joaquín Acuña and associate Santiago Alvarez in Córdoba
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