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  5. Convergint Acquires Prosys Services

M&A Deal Summary

Convergint Acquires Prosys Services

On February 24, 2022, Convergint acquired information technology company Prosys Services

Acquisition Highlights
  • This is Convergint’s 12th transaction in the Information Technology sector.
  • This is Convergint’s 2nd transaction in Australia.

M&A Deal Summary
Date 2022-02-24
Target Prosys Services
Sector Information Technology
Buyer(s) Convergint
Deal Type Add-on Acquisition

Target

Prosys Services

Hornsby, Australia
Prosys Services provides state-of-the-art, enterprise-grade security management systems to commercial and industrial clients, tertiary institutions, critical infrastructure, health departments, the construction industry, and other large corporations. Prosys Services was founded in 1988 and is based in Hornsby, Australia.

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Buyer(S) 1

Buyer

Convergint

Schaumburg, Illinois, United States
Category Company
Founded 2001
Sector Safety/Security
DESCRIPTION

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 46 of 61
Sector: Information Technology M&A 12 of 17
Type: Add-on Acquisition M&A Deals 42 of 56
Country: Australia M&A 2 of 3
Year: 2022 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Dramis

Moncton, New Brunswick, Canada

Dramis is a telecommunications and networking reseller offering security, VOIP, and unified communications as a service (UCaaS) solutions. The company focuses on its colleagues, enabling them with the skills and expertise to deliver cost-effective, expeditious service to their clients across the region. Dramis was formed in 1989 and is based in Moncton, New Brunswick.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Systems 28

Columbus, Ohio, United States

Systems 28 is a provider of best-in-market life safety solutions for high-tech industries undergoing rapid digital transformation, including security, access control, fire alarm, nurse call, emergency call, and emergency mass notification systems. Systems 28 was founded in 2005 and is based in Columbus, Ohio.

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