M&A Deal Summary

Converge Technology Solutions Acquires Venture System Source

On November 18, 2019, Converge Technology Solutions acquired information technology company Venture System Source

Acquisition Highlights
  • This is Converge Technology Solutions’ 9th transaction in the Information Technology sector.
  • This is Converge Technology Solutions’ 7th transaction in the United States.
  • This is Converge Technology Solutions’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2019-11-18
Target Venture System Source
Sector Information Technology
Buyer(s) Converge Technology Solutions
Deal Type Add-on Acquisition

Target

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.

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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 9 of 33
Sector (Information Technology) 9 of 24
Type (Add-on Acquisition) 9 of 33
State (Mississippi) 1 of 1
Country (United States) 7 of 20
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 PCD Solutions

Saint-Laurent, Quebec, Canada

PCD Solutions, Inc. has been a key player in many IT infrastructure and digital transformation projects in Quebec, including several TOP 500 Canadian Businesses and leading public sector organizations. PCD Solutions has put together the most competent team of VMware Cloud infrastructure experts in the province of Quebec to assist customers in the transition to the Hybrid Cloud era.

Buy -
Mergr

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