M&A Deal Summary

Convergence Technologies Acquires WorldNet Technology Consultants

On March 1, 2005, Convergence Technologies acquired information technology company WorldNet Technology Consultants

Acquisition Highlights
  • This is Convergence Technologies’ 1st transaction in the Information Technology sector.
  • This is Convergence Technologies’ 1st transaction in the United States.
  • This is Convergence Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2005-03-01
Target WorldNet Technology Consultants
Sector Information Technology
Buyer(s) Convergence Technologies
Deal Type Add-on Acquisition

Target

WorldNet Technology Consultants

Wyomissing, Pennsylvania, United States
website
WorldNet Technology Consultants Inc. (WTCI) provides Information Technology (IT) consulting services.

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Buyer(S) 1

Buyer

Convergence Technologies

Burr Ridge, Illinois, United States

website

Category Company
Founded 1995
Sector Internet Software and Services
DESCRIPTION

Convergence Technologies, Inc. is a provider of business technology platform, Internet protocol (IP) pay credit card processing, digital voice services.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-17 Core Business Technology Solutions

Indianapolis, Indiana, United States

Core Business Technology Solutions, based in White Plains, New York, and Indianapolis, Indiana, was established for the purpose of acquiring businesses that will provide information technology (IT) data integration services and resell related hardware and software to small/mid-sized companies, government entities and educational organizations.

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