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Add-on Acquisition • Information Technology

Convergence Technologies Acquires Core Business Technology Solutions

On February 17, 2006, Convergence Technologies acquired information technology company Core Business Technology Solutions

Acquisition Context
  • This is Convergence Technologies’ 2nd transaction in the Information Technology sector.
  • This is Convergence Technologies’ 2nd transaction in the United States.
  • This is Convergence Technologies’ 1st transaction in Indiana.

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M&A Deal Summary
Date February 17, 2006
Target Core Business Technology Solutions
Sector Information Technology
Buyer(s) Convergence Technologies
Deal Type Add-on Acquisition

Target Company

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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Buyer Overview 1

Buyer

Convergence Technologies

Burr Ridge, Illinois, United States
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 Context for Buyer #
Overall 2 of 2
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 2 of 2
State: Indiana 1 of 1
Country: United States 2 of 2
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 WorldNet Technology Consultants

Wyomissing, Pennsylvania, United States

WorldNet Technology Consultants Inc. (WTCI) provides Information Technology (IT) consulting services.

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