April 13, 2021


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Converge Technology Alternatives Corp. Acquires Vicom Computer Solutions, Inc.

Converge carries on to mature with the acquisition of a C$128M profits company, expanding its array of IT assistance offerings.

TORONTO and NEW YORK, Jan. 4, 2021 /PRNewswire/ – Converge Technological know-how Remedies Corp. (“Converge” or “the Company”) (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 Personal computer Providers, Inc., a full-service multi-cloud infrastructure company.

Vicom, an set up, scaled remedies company based in the US Northeast, has a abundant background and target on doing work with shoppers to align ideal-of-breed technologies with their preferred small business results. With this acquisition, Converge gains an business-primary group of architects and engineers who will speed up the advancement of the Company’s apply regions, driving extra value for its clients throughout North The united states.

Vicom will join the current Converge footprint in the US Northeast, which consists of Converge subsidiaries Lighthouse, Essextec, and VSS. This enlargement gives Converge added existence in critical industries across monetary products and services, health care, and state and regional federal government.

“Joining the Converge household enables us to offer more methods and products and services to our buyers,” claimed Robert Verola, CEO of Vicom. “Converge has wonderful relationships with the very best names in the IT sector, and we want our consumers to have accessibility to all those technologies and the authorities who know how to make the most of them.”

“We are incredibly thrilled to be part of Converge Technological innovation Methods,” reported Vic Verola, President of Vicom. “Providing our customers with the most innovative alternatives that generate enterprise accomplishment has usually been our target. Becoming a member of the Converge spouse and children will assistance us deliver on that promise to our shoppers.”

“Vicom is not your standard IT remedy service provider. Their alignment with our core observe parts will travel fast benefit to the Converge customer base,” reported Greg Berard, President of Converge. “We continue to commit in our cloud, cybersecurity, and managed providers answers, and buying Vicom will enable us improve and increase those choices. We are energized to welcome Vicom’s staff members and their clients to the Converge family members.”

Vicom is the seventeenth acquisition introduced by Converge given that Oct 2017. Converge’s spouse and children of corporations also incorporates Corus Group, LLC Northern Micro, Inc. 10084182 Canada Inc. running as Becker-Carroll Critical Details Programs, Inc. BlueChip Tek, Inc Lighthouse Pc Techniques, Inc. Computer software Details Systems LLC Nordisk Techniques, Inc. Essex Technologies Team, Inc. Datatrend Systems, Inc. VSS, LLC Solutions PCD, Inc. Distinctive Electronic, Inc. Workgroup Connections, Inc. Vivvo Software Studios LTD. and will contain CarpeDatum, LLC.

About Converge
Converge Technological know-how Solutions Corp. is a North American computer software-enabled, Hybrid IT answer provider focused on providing field-foremost methods and expert services. Converge’s regional profits and services companies supply superior analytics, cloud, cybersecurity, and managed products and services offerings to customers throughout several industries. The Firm supports these solutions with talent know-how and electronic infrastructure offerings across all big IT vendors in the marketplace. This multi-faceted approach permits Converge to handle the one of a kind company and technological know-how specifications for all consumers in the community and private sectors. For extra data, check out convergetp.com.

About Vicom, A Converge Corporation
Vicom is a entire-provider multi-cloud infrastructure provider with a a few-ten years background of aiding our buyers generate business innovation. Vicom is just one of the largest regional alternative suppliers in the Northeast with more than 100 group users servicing our customers. Our domains of know-how consist of multi-cloud solutions, networking, operations/assistance administration, security, employees augmentation, and specialist and managed solutions. By way of a staff of devoted workers Vicom will help our prospects deliver on the promise of electronic transformation. For far more information, pay a visit to vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a primary M&A advisory company serving the IT sector.

Recognize to Reader: Use of Ahead-On the lookout Statements

Forward-On the lookout Information
This news launch includes specified “forward-searching information” and “forward-wanting statements” (collectively, “forward-on the lookout statements”) in just the which means of applicable Canadian securities laws with regards to Converge and its enterprise. Any assertion that will involve conversations with regard to predictions, expectations, beliefs, ideas, projections, goals, assumptions, upcoming activities or overall performance (frequently but not normally applying phrases this sort of as “expects,” or “does not assume,” “is predicted,” “anticipates,” or “does not anticipate,” “plans,” “budget,” “scheduled,” “forecasts,” “estimates,” “believes,” or intends,” or versions of this sort of text and phrases or stating that sure steps, situations or results “may” or “could,” “would,” “might,” or “will” be taken to occur or be reached) are not statements of historic truth and may perhaps be forward-seeking statements. Ahead-searching statements are automatically centered on a number of estimates and assumptions that, whilst deemed fair, are matter to acknowledged and unknown hazards, uncertainties, and other things which may well trigger the actual results and potential gatherings to differ materially from individuals expressed or implied by this sort of ahead-looking statements. Besides as necessary by regulation, Converge assumes no obligation to update the ahead-wanting statements of beliefs, viewpoints, projections, or other factors, need to they improve. The reader is cautioned not to put undue reliance on forward-looking statements.

Neither the TSX Venture Trade nor its regulation companies provider (as that phrase is defined in the policies of the TSX Enterprise Trade) accepts accountability for the adequacy or precision of this release.

See initial articles: http://www.prnewswire.com/information-releases/converge-technological innovation-methods-corp-acquires-vicom-personal computer-services-inc-301200198.html

Source Converge Engineering Methods Corp.