Converge Technology Solutions Corp. Completes Acquisition of PC Specialists, Inc. d/b/a Technology Integration Group

Rhea-AI Summary

Converge Technology Solutions Corp. has successfully completed its acquisition of PC Specialists, Inc., known as Technology Integration Group (TIG), initially announced on May 19, 2022. Based in San Diego, TIG provides a range of IT solutions including software and hardware procurement, strategic planning, and cloud computing. With over 40 years of experience and a presence in 70 countries, TIG enhances Converge's portfolio, which includes multiple firms since 2017. This acquisition is part of Converge's strategy to expand its capabilities and market reach in providing integrated IT solutions.

Positive

• Expansion of service offerings through the acquisition of TIG.
• Enhanced geographical presence with 20 offices across North America.
• TIG's 40 years of experience and established client base in diverse sectors.

Negative

• None.

TORONTO and GATINEAU, Quebec, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a software-enabled IT & Cloud Solutions provider, is pleased to announce the closing of its previously signed acquisition of PC Specialists, Inc. d/b/a Technology Integration Group (“TIG”). Converge announced the signing of the acquisition of TIG on May 19, 2022.

Headquartered in San Diego, CA with 20 offices across North America, TIG specializes in optimized performance solutions and critical business support. From software and hardware procurement to discovery assessments, strategic planning, deployment, data center optimization, IT asset management and cloud computing, TIG offers custom-built IT solutions for clients around the globe, with a major presence in the United States and Canada. TIG customizes innovative technology solutions and serves a wide-reaching and diverse client base in enterprise, government, education, and mid-markets.

TIG joins the portfolio of companies announced by Converge or its affiliates since October 2017. Converge’s family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc.; Lighthouse Computer Systems, Inc.; Software Information Systems LLC.; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions PCD, Inc.; Unique Digital, Inc.; Workgroup Connections, Inc.; Vivvo Application Studios LTD.; Vicom Computer Services, Inc.; CarpeDatum LLC; Accudata Systems, Inc.; Dasher Technologies, Inc.; ExactlyIT, Inc.; REDNET GmbH; Vicom Infinity, Inc.; Infinity Systems Software, Inc.; LPA Software Solutions, LLC; OPIN Digital, Inc; Paragon Development Systems, Inc.; Visucom GmbH; 1CRM Systems Corp.; Interdynamix Systems; Creative Breakthroughs, Inc.; Notarius; GfdB, IfmB, and DEQSTER.

About PC Specialists, Inc. d/b/a Technology Integration Group
TIG is a premier full-service IT Solutions Provider with 40 years of experience providing end-to-end technology and IT infrastructure solutions in 70 countries. In addition to the company’s headquarters in San Diego, TIG has 20+ offices located in Albuquerque, Atlanta, Denver, Honolulu, Indianapolis, Irvine, Knoxville, Los Angeles, Pensacola, Philadelphia, Portland, Richmond, Sacramento, San Antonio, Seattle, Tampa, Ottawa & Toronto, Canada and Shanghai, China.

About Converge
Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge’s global solution approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

For further information contact:
Converge Technology Solutions Corp.
Email: investors@convergetp.com
Phone: 416-360-1495

FAQ

What is the significance of Converge's acquisition of TIG?

The acquisition of Technology Integration Group (TIG) allows Converge to expand its IT solutions offerings and market presence, enhancing its ability to provide customized technology services.

When was the acquisition of TIG announced?

The acquisition of PC Specialists, Inc. d/b/a Technology Integration Group was announced on May 19, 2022.

How many offices does TIG have?

Technology Integration Group operates 20 offices across North America.

What sectors does TIG serve?

TIG serves a diverse client base in enterprise, government, education, and mid-markets.

What is Converge's stock symbol?

Converge Technology Solutions Corp.'s stock symbol is CTSDF.