M&A Deal Summary

Converge Technology Solutions Acquires LPA

On October 4, 2021, Converge Technology Solutions acquired software company LPA for 12M CAD

Acquisition Highlights
  • This is Converge Technology Solutions’ 3rd transaction in the Software sector.
  • This is Converge Technology Solutions’ largest (disclosed) transaction.
  • This is Converge Technology Solutions’ 17th transaction in the United States.
  • This is Converge Technology Solutions’ 4th transaction in New York.

M&A Deal Summary
Date 2021-10-04
Target LPA
Sector Software
Buyer(s) Converge Technology Solutions
Deal Type Add-on Acquisition
Deal Value 12M CAD

Target

LPA

Rochester, New York, United States
LPA provides consulting and professional services for AI, Business Intelligence (BI), Location Intelligence, Predictive Analytics, IoT, Geomapping, Data Prep, and Data Cleansing. LPA is based in Rochester, New York.

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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 22 of 33
Sector (Software) 3 of 4
Type (Add-on Acquisition) 22 of 33
State (New York) 4 of 4
Country (United States) 17 of 20
Year (2021) 8 of 8
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 REDNET

Mainz, Germany

REDNET is an IT services provider, that specializes in serving education, healthcare, and government/public sectors, providing detailed advice, economic planning, smooth logistics, and fast service to their clients. REDNET was founded in 2004 and is based in Mainz, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Paragon Development System

Oconomowoc, Wisconsin, United States

Paragon Development System is an information technology integrator that provides hardware, software, and services to medium and large healthcare, government, education, and corporate customers that have enterprise-class IT infrastructures. Paragon Development System was founded in 1986 and is based in Oconomowoc, Wisconsin.

Buy -
Mergr

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