M&A Deal Summary

Converge Technology Solutions Acquires Essex Technology Group

On October 9, 2019, Converge Technology Solutions acquired information technology company Essex Technology Group

Acquisition Highlights
  • This is Converge Technology Solutions’ 8th transaction in the Information Technology sector.
  • This is Converge Technology Solutions’ 6th transaction in the United States.
  • This is Converge Technology Solutions’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-10-09
Target Essex Technology Group
Sector Information Technology
Buyer(s) Converge Technology Solutions
Deal Type Add-on Acquisition

Target

Essex Technology Group

Rochelle Park, New Jersey, United States
Essex Technology Group, Inc. is a cloud, cognitive, and cybersecurity solutions provider. Essextec brings its customers a team of intellectually curious and highly skilled individuals made up of experienced technology and cybersecurity experts, business consultants, and industry thought leaders.

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Buyer(S) 1

Buyer

Converge Technology Solutions

Toronto, Ontario, Canada
Category Company
Sector Information Technology
DESCRIPTION

Converge Technology Solutions Corp. is a provides a platform of regionally-focused Hybrid IT solutions providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services. Converge Technology Solutions is based in Toronto, Ontario.

DEAL STATS #
Overall 8 of 33
Sector (Information Technology) 8 of 24
Type (Add-on Acquisition) 8 of 33
State (New Jersey) 1 of 1
Country (United States) 6 of 20
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Datatrend Technologies

Minnetonka, Minnesota, United States

Datatrend Technologies, Inc. is a planning, design, implementation, integration and project management for next-generation data centers, cloud environments, cabling and wireless solutions for multi-site rollouts and the Internet of Things, as well as solutions for ISVs, OEMs and service providers, Datatrend knows how to make IT matter for business. Datatrend Technologies is based in Minnetonka, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Venture System Source

Madison, Mississippi, United States

VSS LLC is a provider of managed services, technology solutions, IT portfolio management, and consulting services. VSS was founded in 1990 and is based in Madison, Mississippi.

Buy -
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