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NYC tech company moving to North Carolina

CHARLOTTE (AP) — A technology company is moving its headquarters from New York City to Charlotte.

The Charlotte Observer reported ( http://bit.ly/1CobBuQ ) Velocity Technology Solutions will employ 50 people.

The company handles cloud-based application hosting for enterprise and business computer software. Velocity Technology said it is moving after its recent acquisition of Titan Technology Partners of Charlotte.

The company said it expects to employ more than 200 people over the next few years.

The privately-held company also has operations in Europe and Asia.

The move is expected to be completed next month.

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