Converge carries on to improve with the acquisition of a C$128M profits business, growing its array of IT provider choices.
TORONTO and NEW YORK, Jan. 4, 2021 /PRNewswire/ – Converge Technologies Options Corp. (“Converge” or “the Company“) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national system of regionally focused Hybrid IT remedy providers in the U.S. and Canada, is pleased to announce that it has done the acquisition of Vicom Laptop or computer Providers, Inc., a entire-service multi-cloud infrastructure company.
Vicom, an founded, scaled solutions company dependent in the US Northeast, has a rich heritage and concentration on working with consumers to align very best-of-breed systems with their ideal small business results. With this acquisition, Converge gains an market-primary staff of architects and engineers who will accelerate the expansion of the Firm’s apply places, driving additional benefit for its consumers throughout North The usa.
Vicom will be part of the existing Converge footprint in the US Northeast, which consists of Converge subsidiaries Lighthouse, Essextec, and VSS. This enlargement gives Converge additional existence in vital industries across economic solutions, health care, and state and local government.
“Becoming a member of the Converge family members lets us to provide more alternatives and companies to our customers,” stated Robert Verola, CEO of Vicom. “Converge has wonderful relationships with the most effective names in the IT marketplace, and we want our buyers to have accessibility to those people systems and the professionals who know how to make the most of them.”
“We are unbelievably excited to be a part of Converge Technological know-how Solutions,” claimed Vic Verola, President of Vicom. “Offering our consumers with the most modern alternatives that generate business good results has usually been our target. Becoming a member of the Converge loved ones will assistance us supply on that assure to our consumers.”
“Vicom is not your regular IT option supplier. Their alignment with our core observe regions will push quick value to the Converge customer foundation,” said Greg Berard, President of Converge. “We keep on to devote in our cloud, cybersecurity, and managed products and services alternatives, and getting Vicom will assist us grow and develop those offerings. We are enthusiastic to welcome Vicom’s personnel and their shoppers to the Converge family members.”
Vicom is the seventeenth acquisition declared by Converge given that Oct 2017. Converge’s spouse and children of firms also contains Corus Group, LLC Northern Micro, Inc. 10084182 Canada Inc. operating as Becker-Carroll Important Facts Methods, Inc. BlueChip Tek, Inc Lighthouse Personal computer Techniques, Inc. Software Information and facts Units LLC Nordisk Methods, Inc. Essex Know-how Group, Inc. Datatrend Systems, Inc. VSS, LLC Solutions PCD, Inc. Exceptional Digital, Inc. Workgroup Connections, Inc. Vivvo Application Studios LTD. and will consist of CarpeDatum, LLC.
Converge Technologies Methods Corp. is a North American software program-enabled, Hybrid IT solution provider focused on delivering field-primary solutions and solutions. Converge’s regional profits and companies corporations provide highly developed analytics, cloud, cybersecurity, and managed services choices to clientele across a variety of industries. The Firm supports these options with expertise experience and digital infrastructure choices across all major IT distributors in the market. This multi-faceted technique permits Converge to deal with the special business enterprise and technology demands for all customers in the general public and private sectors. For additional information, pay a visit to convergetp.com.
About Vicom, A Converge Organization
Vicom is a total-assistance multi-cloud infrastructure service provider with a 3-ten years heritage of helping our consumers generate organization innovation. Vicom is one particular of the biggest regional remedy suppliers in the Northeast with above 100 staff customers servicing our shoppers. Our domains of knowledge contain multi-cloud alternatives, networking, functions/company management, safety, workers augmentation, and professional and managed expert services. As a result of a crew of committed staff members Vicom can help our customers provide on the guarantee of electronic transformation. For more details, check out vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a main M&A advisory agency serving the IT industry.
See to Reader: Use of Ahead-Wanting Statements
This information release has certain “ahead-on the lookout details” and “ahead-seeking statements” (collectively, “ahead-on the lookout statements“) in just the which means of applicable Canadian securities laws concerning Converge and its business. Any statement that will involve discussions with regard to predictions, anticipations, beliefs, programs, projections, aims, assumptions, long term activities or general performance (usually but not generally applying phrases these kinds of as “expects,” or “does not assume,” “is envisioned,” “anticipates,” or “does not anticipate,” “strategies,” “funds,” “scheduled,” “forecasts,” “estimates,” “thinks,” or intends,” or variations of these words and phrases and phrases or stating that specific actions, activities or outcomes “may” or “could,” “would,” “could possibly,” or “will” be taken to occur or be obtained) are not statements of historical fact and might be ahead-seeking statements. Ahead-looking statements are always dependent on a quantity of estimates and assumptions that, although deemed fair, are issue to identified and not known pitfalls, uncertainties, and other aspects which may trigger the genuine results and long run events to vary materially from all those expressed or implied by this kind of ahead-on the lookout statements. Other than as expected by legislation, Converge assumes no obligation to update the ahead-seeking statements of beliefs, viewpoints, projections, or other components, should really they change. The reader is cautioned not to location undue reliance on forward-searching statements.
Neither the TSX Enterprise Trade nor its regulation providers provider (as that expression is defined in the policies of the TSX Venture Trade) accepts obligation for the adequacy or precision of this launch.
Source Converge Technological know-how Methods Corp.