VGM Group acquires Enterprise Content Management company
VGM Group, Inc., an employee-owned professional services company, announced its acquisition of Redstone Content Solutions LLC. This move further expands its market position as a top national professional service company and leader in providing vital Enterprise Content Management (ECM) solutions to small and medium-sized business (SMB), mid-market and enterprise companies.
The acquisition comes at a time when VGM Group is seeing increasing demand for improved customer experience solutions. Leading industry analyst firms predict that the ECM market will grow from $40.1 billion in 2020 to $66.9 billion by 2025.
“We are thrilled to be adding Redstone to the VGM family,” said VGM Group Chief Financial Officer, Jim Nygren. “We are looking forward to continuing the spectacular service Redstone is known for and help provide the team resources to do even more. A common cultural thread between VGM and Redstone is our commitment to our customers, this is and will continue to be our highest priority. Today’s strategic acquisition further equips VGM Group with expanded solution capabilities, partnerships, and scale to serve the needs of a larger portion of the industry landscape.”
Redstone is a market-leading ECM solutions provider for enterprise, mid-market and SMB customers. Since its founding in 2009, Redstone has built its reputation on customer satisfaction and successful solution and program delivery. Redstone represents leading software providers such as Oracle and DocuSign, as well as open-source providers such as Elastic, to name a few.
With Redstone, VGM Group will further assist clients in capitalizing on the major ECM growth factors: increased need to securely organize, categorize, and structure all corporate content in a meaningful, easily explorable manner, and the rising demand of companies to deliver personalized content to the right audience through the right channels.
“Document, web content, and digital asset management solutions are a must-have for customers,” stated Redstone Co-Founder John Klein. “The global pandemic has served as a wake-up call to business leaders when it comes to the deployment of digital technology. ECM solutions mitigate the pandemic’s impact on businesses so that they are best positioned to realize opportunities. Additionally, customers need a true partner interested in mutual, long-term prosperity. Today, companies of all sizes need to know that their chosen and strategic partners share common values.”
Redstone will continue to operate under its current name and VGM Group will retain all employees.
“Customers will receive the same impactful service that Redstone has provided for more than a decade. On behalf of VGM’s 1000 employee owners, we welcome the Redstone team to our growing family,” said Nygren.