Converge Technological innovation Options Corp. Acquires Vicom Laptop or computer Products and services, Inc.
Converge continues to grow with the acquisition of a C$128M income small business, growing its array of IT company offerings.
TORONTO and NEW YORK, Jan. 4, 2021 /PRNewswire/ – Converge Technology Solutions Corp. (“Converge” or “the Firm“) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national system of regionally concentrated Hybrid IT solution companies in the U.S. and Canada, is pleased to announce that it has completed the acquisition of Vicom Computer system Providers, Inc., a total-assistance multi-cloud infrastructure supplier.
Vicom, an founded, scaled options provider dependent in the US Northeast, has a abundant historical past and concentration on doing the job with purchasers to align most effective-of-breed technologies with their wished-for business enterprise outcomes. With this acquisition, Converge gains an industry-main staff of architects and engineers who will accelerate the growth of the Company’s practice parts, driving a lot more benefit for its clients throughout North The us.
Vicom will join the present Converge footprint in the US Northeast, which contains Converge subsidiaries Lighthouse, Essextec, and VSS. This enlargement supplies Converge further presence in essential industries throughout monetary services, health care, and condition and area govt.
“Signing up for the Converge family enables us to supply more solutions and expert services to our customers,” explained Robert Verola, CEO of Vicom. “Converge has excellent associations with the ideal names in the IT business, and we want our shoppers to have obtain to individuals technologies and the experts who know how to make the most of them.”
“We are very psyched to sign up for Converge Technologies Solutions,” mentioned Vic Verola, President of Vicom. “Providing our customers with the most impressive remedies that push business good results has often been our intention. Signing up for the Converge relatives will assist us provide on that promise to our buyers.”
“Vicom just isn’t your usual IT resolution provider. Their alignment with our main practice areas will drive speedy value to the Converge client base,” reported Greg Berard, President of Converge. “We continue on to make investments in our cloud, cybersecurity, and managed solutions alternatives, and getting Vicom will assist us expand and grow these offerings. We are fired up to welcome Vicom’s employees and their customers to the Converge spouse and children.”
Vicom is the seventeenth acquisition announced by Converge because Oct 2017. Converge’s relatives of businesses also features Corus Team, LLC Northern Micro, Inc. 10084182 Canada Inc. working as Becker-Carroll Vital Info Methods, Inc. BlueChip Tek, Inc Lighthouse Computer Systems, Inc. Application Information Systems LLC Nordisk Units, Inc. Essex Know-how Group, Inc. Datatrend Systems, Inc. VSS, LLC Solutions PCD, Inc. Exclusive Electronic, Inc. Workgroup Connections, Inc. Vivvo Application Studios LTD. and will incorporate CarpeDatum, LLC.
About Converge
Converge Technological innovation Alternatives Corp. is a North American program-enabled, Hybrid IT answer provider focused on providing industry-primary solutions and services. Converge’s regional gross sales and companies corporations produce innovative analytics, cloud, cybersecurity, and managed products and services choices to clientele throughout a variety of industries. The Enterprise supports these answers with expertise knowledge and digital infrastructure offerings across all major IT sellers in the market. This multi-faceted tactic allows Converge to address the unique business enterprise and technologies requirements for all clients in the public and personal sectors. For a lot more data, take a look at convergetp.com.
About Vicom, A Converge Firm
Vicom is a full-services multi-cloud infrastructure supplier with a 3-decade record of supporting our prospects generate business innovation. Vicom is one of the premier regional answer vendors in the Northeast with above 100 crew associates servicing our customers. Our domains of abilities incorporate multi-cloud alternatives, networking, functions/company administration, security, staff members augmentation, and specialist and managed services. Through a team of devoted personnel Vicom aids our consumers produce on the assure of electronic transformation. For additional information and facts, check out vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a foremost M&A advisory firm serving the IT business.
Recognize to Reader: Use of Ahead-Searching Statements
Ahead-Seeking Information and facts
This news release includes certain “forward-searching details” and “forward-seeking statements” (collectively, “forward-hunting statements“) within just the meaning of applicable Canadian securities legislation relating to Converge and its business enterprise. Any statement that requires discussions with respect to predictions, anticipations, beliefs, programs, projections, aims, assumptions, long run occasions or functionality (often but not constantly making use of phrases this kind of as “expects,” or “does not assume,” “is expected,” “anticipates,” or “does not anticipate,” “options,” “funds,” “scheduled,” “forecasts,” “estimates,” “thinks,” or intends,” or variations of these types of words and phrases and phrases or stating that specified steps, situations or outcomes “may perhaps” or “could,” “would,” “could,” or “will” be taken to come about or be realized) are not statements of historic fact and may possibly be ahead-on the lookout statements. Forward-searching statements are always based on a quantity of estimates and assumptions that, although regarded affordable, are matter to identified and not known pitfalls, uncertainties, and other factors which may well bring about the precise final results and future occasions to differ materially from individuals expressed or implied by this kind of ahead-on the lookout statements. Except as demanded by legislation, Converge assumes no obligation to update the ahead-searching statements of beliefs, thoughts, projections, or other variables, should really they alter. The reader is cautioned not to put undue reliance on ahead-looking statements.
Neither the TSX Enterprise Exchange nor its regulation companies service provider (as that term is described in the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or precision of this release.
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