April 13, 2021


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Converge Technology Remedies Corp. Acquires Vicom Pc Expert services, Inc.

Converge Technology Remedies Corp. Acquires Vicom Laptop Services, Inc.

Converge continues to develop with the acquisition of a C$128M profits business enterprise, expanding its array of IT support choices.

TORONTO and NEW YORK, Jan. 4, 2021 /PRNewswire/ – Converge Technologies Alternatives Corp. (“Converge” or “the Company“) (TSXV: CTS)  (FSE: 0ZB) (OTCQX: CTSDF), a countrywide system of regionally centered Hybrid IT resolution companies in the U.S. and Canada, is pleased to announce that it has done the acquisition of Vicom Computer system Providers, Inc., a total-service multi-cloud infrastructure service provider.

Vicom, an recognized, scaled options supplier based in the US Northeast, has a loaded heritage and target on performing with clients to align greatest-of-breed technologies with their preferred company results. With this acquisition, Converge gains an industry-main staff of architects and engineers who will speed up the growth of the Company’s practice parts, driving more value for its purchasers across North The united states.

Vicom will be part of the present Converge footprint in the US Northeast, which consists of Converge subsidiaries Lighthouse, Essextec, and VSS. This expansion delivers Converge extra existence in critical industries across fiscal providers, health care, and state and neighborhood federal government.

“Signing up for the Converge loved ones allows us to present additional alternatives and expert services to our shoppers,” reported Robert Verola, CEO of Vicom. “Converge has wonderful interactions with the ideal names in the IT industry, and we want our buyers to have obtain to those technologies and the specialists who know how to make the most of them.”

“We are incredibly excited to join Converge Know-how Methods,” explained Vic Verola, President of Vicom.  “Furnishing our prospects with the most modern methods that drive organization good results has constantly been our intention.  Joining the Converge family members will support us provide on that promise to our customers.”

“Vicom just isn’t your normal IT solution service provider. Their alignment with our core exercise places will generate immediate price to the Converge customer base,” claimed Greg Berard, President of Converge. “We proceed to commit in our cloud, cybersecurity, and managed companies solutions, and buying Vicom will help us improve and increase individuals offerings. We are energized to welcome Vicom’s staff and their consumers to the Converge loved ones.”

Vicom is the seventeenth acquisition declared by Converge considering that Oct 2017. Converge’s loved ones of firms also contains Corus Group, LLC Northern Micro, Inc. 10084182 Canada Inc. running as Becker-Carroll Key Info Systems, Inc. BlueChip Tek, Inc Lighthouse Computer Units, Inc. Application Info Units LLC Nordisk Systems, Inc. Essex Technology Team, Inc. Datatrend Systems, Inc. VSS, LLC  Solutions PCD, Inc. Exclusive Electronic, Inc. Workgroup Connections, Inc. Vivvo Application Studios LTD. and will contain CarpeDatum, LLC.

About Converge
Converge Technology Remedies Corp. is a North American computer software-enabled, Hybrid IT remedy company focused on providing business-top remedies and companies. Converge’s regional sales and companies corporations produce superior analytics, cloud, cybersecurity, and managed services choices to clients across several industries. The Firm supports these alternatives with talent abilities and electronic infrastructure offerings across all significant IT distributors in the marketplace. This multi-faceted solution enables Converge to address the distinctive organization and engineering demands for all shoppers in the public and private sectors. For extra information, pay a visit to convergetp.com.

About Vicom, A Converge Firm
Vicom is a full-service multi-cloud infrastructure supplier with a three-10 years historical past of encouraging our buyers drive business enterprise innovation. Vicom is one of the largest regional option vendors in the Northeast with more than 100 team customers servicing our shoppers. Our domains of know-how include things like multi-cloud methods, networking, functions/provider administration, protection, workers augmentation, and skilled and managed services. By means of a group of devoted workers Vicom allows our prospects produce on the assure of digital transformation. For far more info, go to vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a foremost M&A advisory agency serving the IT market.

See to Reader:  Use of Forward-Hunting Statements

Ahead-Looking Information and facts
This news launch contains certain “ahead-seeking data” and “forward-searching statements” (collectively, “forward-looking statements“) in the indicating of relevant Canadian securities laws relating to Converge and its enterprise. Any assertion that consists of conversations with regard to predictions, expectations, beliefs, options, projections, targets, assumptions, long term occasions or efficiency (often but not constantly utilizing phrases such as “expects,” or “does not count on,” “is predicted,” “anticipates,” or “does not anticipate,” “strategies,” “price range,” “scheduled,” “forecasts,” “estimates,” “believes,” or intends,” or variations of these kinds of words and phrases or stating that specific steps, activities or results “could” or “could,” “would,” “may,” or “will” be taken to occur or be obtained) are not statements of historic truth and may be ahead-searching statements. Forward-looking statements are automatically primarily based upon a variety of estimates and assumptions that, though regarded affordable, are subject matter to identified and unknown risks, uncertainties, and other variables which could result in the genuine success and long term functions to vary materially from all those expressed or implied by these forward-looking statements. Other than as expected by regulation, Converge assumes no obligation to update the forward-searching statements of beliefs, views, projections, or other elements, must they transform.  The reader is cautioned not to spot undue reliance on forward-hunting statements. 

Neither the TSX Venture Trade nor its regulation products and services company (as that expression is described in the policies of the TSX Undertaking Exchange) accepts responsibility for the adequacy or accuracy of this release.

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