Converge continues to improve with the acquisition of a C$128M earnings small business, expanding its array of IT company choices.
TORONTO and NEW YORK, Jan. 4, 2021 /PRNewswire/ – Converge Engineering Answers Corp. (“Converge” or “the Enterprise“) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a countrywide system of regionally centered Hybrid IT resolution providers in the U.S. and Canada, is pleased to announce that it has done the acquisition of Vicom Computer Expert services, Inc., a full-service multi-cloud infrastructure supplier.
Vicom, an founded, scaled answers supplier based in the US Northeast, has a abundant historical past and target on performing with clients to align ideal-of-breed systems with their preferred small business outcomes. With this acquisition, Converge gains an sector-top crew of architects and engineers who will speed up the advancement of the Firm’s follow locations, driving far more price for its consumers throughout North America.
Vicom will be a part of the existing Converge footprint in the US Northeast, which consists of Converge subsidiaries Lighthouse, Essextec, and VSS. This growth offers Converge further existence in critical industries across fiscal products and services, healthcare, and condition and community authorities.
“Joining the Converge household enables us to offer more answers and solutions to our shoppers,” said Robert Verola, CEO of Vicom. “Converge has wonderful relationships with the ideal names in the IT industry, and we want our clients to have obtain to these systems and the professionals who know how to make the most of them.”
“We are amazingly thrilled to join Converge Technological know-how Alternatives,” stated Vic Verola, President of Vicom. “Offering our shoppers with the most impressive remedies that generate business enterprise accomplishment has usually been our aim. Becoming a member of the Converge relatives will assist us deliver on that guarantee to our consumers.”
“Vicom is just not your regular IT answer company. Their alignment with our main exercise locations will push quick benefit to the Converge consumer foundation,” explained Greg Berard, President of Converge. “We continue on to commit in our cloud, cybersecurity, and managed expert services remedies, and attaining Vicom will enable us expand and broaden all those offerings. We are energized to welcome Vicom’s personnel and their purchasers to the Converge spouse and children.”
Vicom is the seventeenth acquisition introduced by Converge given that Oct 2017. Converge’s spouse and children of providers also contains Corus Team, LLC Northern Micro, Inc. 10084182 Canada Inc. operating as Becker-Carroll Key Facts Systems, Inc. BlueChip Tek, Inc Lighthouse Computer system Systems, Inc. Program Details Devices LLC Nordisk Units, Inc. Essex Engineering Team, Inc. Datatrend Systems, Inc. VSS, LLC Solutions PCD, Inc. Distinctive Digital, Inc. Workgroup Connections, Inc. Vivvo Software Studios LTD. and will consist of CarpeDatum, LLC.
Converge Know-how Options Corp. is a North American program-enabled, Hybrid IT resolution supplier targeted on offering business-top answers and providers. Converge’s regional income and companies companies supply superior analytics, cloud, cybersecurity, and managed providers choices to clientele across several industries. The Business supports these options with talent skills and digital infrastructure choices across all major IT distributors in the market. This multi-faceted strategy allows Converge to address the exceptional small business and technology needs for all shoppers in the general public and private sectors. For far more details, check out convergetp.com.
About Vicom, A Converge Firm
Vicom is a complete-services multi-cloud infrastructure provider with a three-10 years record of aiding our prospects push company innovation. Vicom is one of the greatest regional resolution suppliers in the Northeast with over 100 group associates servicing our consumers. Our domains of experience include multi-cloud remedies, networking, functions/company management, security, staff augmentation, and skilled and managed products and services. By way of a staff of dedicated team Vicom aids our clients provide on the assure of digital transformation. For additional information, take a look at vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a main M&A advisory company serving the IT field.
See to Reader: Use of Forward-On the lookout Statements
This information launch has certain “ahead-seeking details” and “forward-seeking statements” (collectively, “ahead-looking statements“) within just the which means of applicable Canadian securities legislation about Converge and its business enterprise. Any assertion that entails discussions with respect to predictions, anticipations, beliefs, strategies, projections, targets, assumptions, future situations or overall performance (often but not often utilizing phrases this kind of as “expects,” or “does not expect,” “is envisioned,” “anticipates,” or “does not foresee,” “plans,” “spending plan,” “scheduled,” “forecasts,” “estimates,” “believes,” or intends,” or variants of these kinds of words and phrases and phrases or stating that specified steps, gatherings or outcomes “could” or “could,” “would,” “may,” or “will” be taken to manifest or be obtained) are not statements of historic fact and may possibly be ahead-looking statements. Ahead-seeking statements are automatically based mostly upon a range of estimates and assumptions that, whilst viewed as acceptable, are issue to known and unidentified risks, uncertainties, and other aspects which might bring about the real outcomes and future occasions to differ materially from people expressed or implied by these types of ahead-searching statements. Except as expected by legislation, Converge assumes no obligation to update the forward-on the lookout statements of beliefs, views, projections, or other components, ought to they improve. The reader is cautioned not to location undue reliance on forward-wanting statements.
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