Converge proceeds to mature with the acquisition of a C$128M income business enterprise, growing its array of IT assistance choices.
TORONTO and NEW YORK, Jan. 4, 2021 /CNW/ – Converge Technological innovation Alternatives Corp. (“Converge” or “the Firm“) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a nationwide platform of regionally targeted Hybrid IT resolution providers in the U.S. and Canada, is delighted to announce that it has accomplished the acquisition of Vicom Laptop Expert services, Inc., a comprehensive-provider multi-cloud infrastructure company.
Vicom, an established, scaled options company dependent in the US Northeast, has a wealthy historical past and concentration on doing the job with consumers to align most effective-of-breed systems with their ideal business enterprise results. With this acquisition, Converge gains an business-leading team of architects and engineers who will accelerate the growth of the Company’s exercise regions, driving extra benefit for its consumers across North America.
Vicom will join the present Converge footprint in the US Northeast, which includes Converge subsidiaries Lighthouse, Essextec, and VSS. This expansion delivers Converge supplemental presence in vital industries throughout money expert services, health care, and state and local governing administration.
“Signing up for the Converge relatives allows us to provide additional answers and providers to our buyers,” claimed Robert Verola, CEO of Vicom. “Converge has wonderful interactions with the ideal names in the IT market, and we want our consumers to have accessibility to these technologies and the specialists who know how to make the most of them.”
“We are unbelievably fired up to be part of Converge Know-how Answers,” stated Vic Verola, President of Vicom. “Offering our customers with the most impressive solutions that drive business enterprise results has usually been our goal. Signing up for the Converge family will enable us supply on that assure to our prospects.”
“Vicom isn’t your usual IT option supplier. Their alignment with our core apply parts will push immediate price to the Converge customer base,” reported Greg Berard, President of Converge. “We go on to spend in our cloud, cybersecurity, and managed services alternatives, and getting Vicom will aid us improve and develop these choices. We are psyched to welcome Vicom’s workforce and their customers to the Converge relatives.”
Vicom is the seventeenth acquisition introduced by Converge due to the fact Oct 2017. Converge’s household of corporations also features Corus Group, LLC Northern Micro, Inc. 10084182 Canada Inc. working as Becker-Carroll Vital Data Programs, Inc. BlueChip Tek, Inc Lighthouse Laptop Techniques, Inc. Software program Information Techniques LLC Nordisk Methods, Inc. Essex Technological know-how Team, Inc. Datatrend Technologies, Inc. VSS, LLC Solutions PCD, Inc. Unique Digital, Inc. Workgroup Connections, Inc. Vivvo Application Studios LTD. and will consist of CarpeDatum, LLC.
Converge Technology Options Corp. is a North American software-enabled, Hybrid IT resolution company centered on providing sector-foremost remedies and products and services. Converge’s regional revenue and expert services companies produce superior analytics, cloud, cybersecurity, and managed expert services choices to shoppers throughout different industries. The Company supports these answers with talent knowledge and digital infrastructure offerings across all important IT suppliers in the market. This multi-faceted solution permits Converge to deal with the one of a kind business and know-how prerequisites for all shoppers in the general public and personal sectors. For additional details, visit convergetp.com.
About Vicom, A Converge Firm
Vicom is a complete-services multi-cloud infrastructure service provider with a three-ten years historical past of supporting our consumers generate business enterprise innovation. Vicom is a person of the greatest regional resolution suppliers in the Northeast with around 100 group customers servicing our clients. Our domains of abilities consist of multi-cloud remedies, networking, operations/provider management, safety, workers augmentation, and skilled and managed solutions. Via a crew of committed workers Vicom can help our consumers supply on the promise of digital transformation. For extra facts, take a look at vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a leading M&A advisory company serving the IT marketplace.
Observe to Reader: Use of Ahead-Hunting Statements
This news release is made up of sure “ahead-wanting information” and “forward-on the lookout statements” (collectively, “forward-looking statements“) within just the that means of applicable Canadian securities legislation concerning Converge and its business enterprise. Any assertion that will involve discussions with regard to predictions, anticipations, beliefs, options, projections, objectives, assumptions, foreseeable future situations or effectiveness (normally but not normally employing phrases these as “expects,” or “does not assume,” “is anticipated,” “anticipates,” or “does not anticipate,” “programs,” “funds,” “scheduled,” “forecasts,” “estimates,” “thinks,” or intends,” or variants of these text and phrases or stating that certain steps, occasions or success “may” or “could,” “would,” “could possibly,” or “will” be taken to manifest or be achieved) are not statements of historic point and could be ahead-looking statements. Forward-on the lookout statements are always primarily based on a amount of estimates and assumptions that, when regarded as affordable, are subject matter to known and not known threats, uncertainties, and other variables which might result in the true final results and long term functions to vary materially from those people expressed or implied by these ahead-hunting statements. Besides as expected by legislation, Converge assumes no obligation to update the forward-on the lookout statements of beliefs, opinions, projections, or other aspects, must they modify. The reader is cautioned not to position undue reliance on forward-wanting statements.
Neither the TSX Undertaking Exchange nor its regulation solutions company (as that term is defined in the insurance policies of the TSX Venture Exchange) accepts responsibility for the adequacy or precision of this launch.
Watch first content:https://www.prnewswire.com/news-releases/converge-technological innovation-methods-corp-acquires-vicom-personal computer-solutions-inc-301200198.html
Supply Converge Technological innovation Options Corp.