Converge Technology Solutions Corp. To Acquire PC Specialists, Inc. d/b/a Technology Integration Group

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California based mostly TIG marks Converge’s 31st announced acquisition.

TORONTO and GATINEAU, Québec, Might 19, 2022 (World NEWSWIRE) — Converge Technologies Methods Corp. (“Converge” or “the Firm”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a computer software-enabled IT & Cloud Remedies supplier, is pleased to announce it has signed definitive agreements to receive Personal computer Specialists, Inc. d/b/a Technological know-how Integration Team (“TIG”). Headquartered in San Diego, CA with 20 workplaces across North The usa, TIG specializes in optimized effectiveness methods and crucial small business guidance.

From program and components procurement to discovery assessments, strategic organizing, deployment, facts center optimization, IT asset management and cloud computing, TIG presents custom made-crafted IT options for clientele close to the world, with a significant presence in the United States and Canada. With 20+ department places, TIG serves a large-reaching and various customer foundation in enterprise, govt, training, and SMB markets. Often giving a individual, consultative technique to determining and fulfilling organizations’ unique computing needs, TIG customizes ground breaking technologies that ideal fits any special infrastructure necessity.

“TIG is elated to be becoming a member of forces with Converge,” claimed Tom Janecek, CEO and CFO of Technological know-how Integration Team. “We are exceptionally very pleased of our 40+ 12 months heritage and have no doubt that our track report of results as a multi-national provider and alternatives integrator will go on as section of Converge. We are fired up for the strategic direction and eyesight of the Organization and look forward to a shiny upcoming for our personnel, consumers, and business associates.”

“Converge is enthusiastic to proceed our strategy of advancement and world wide enlargement by way of the announced addition of Technological innovation Integration Group to our portfolio of corporations,” said Shaun Maine, CEO of Converge. “TIG provides powerful field experience across State, Local, and Education and learning that we can leverage across North The usa and presents us supplemental existence in Canada, incorporating to our energy of offerings with the Canadian government. The mixed power of Converge and TIG’s means to provide our shoppers in marketplaces all-around the world will current an interesting option for us to continue reaching our clientele and resolving their alternative needs where ever they may well be.”

Computer Experts, Inc. d/b/a Technologies Integration Team produced gross revenue1 of about C$423. million with an modified EBITDA2 of C$14.8 million for its most recently concluded fiscal calendar year ended October 31, 2021. Consideration for the purchase consists of US$74. million in funds to be paid out at closing. Positive web doing the job cash will also be paid out at closing. The purchase numerous is close to 5.96 times adjusted EBITDA2 for the trailing twelve-thirty day period time period ended Oct 31, 2021, following adjusting for good operating money. The acquisition is expected upon closing to be immediately accretive to Converge, ensuing in increased revenue and altered EBITDA2.

Computer Professionals, Inc. d/b/a Technological know-how Integration Group marks the thirty-initial acquisition introduced by Converge or its affiliate marketers given that Oct 2017. Converge’s spouse and children of firms also contains Corus Team, LLC Northern Micro, Inc. 10084182 Canada Inc. running as Becker-Carroll Crucial Info Devices, Inc. BlueChip Tek, Inc. Lighthouse Pc Methods, Inc. Software program Info Devices LLC. Nordisk Devices, Inc. Essex Technologies Group, Inc. Datatrend Systems, Inc. VSS, LLC Remedies PCD, Inc. One of a kind Electronic, Inc. Workgroup Connections, Inc. Vivvo Application Studios LTD. Vicom Laptop or computer Providers, Inc. CarpeDatum LLC Accudata Units, Inc. Dasher Technologies, Inc. ExactlyIT, Inc. REDNET AG Vicom Infinity, Inc. Infinity Techniques Software package, Inc. LPA Software program Options, LLC OPIN Electronic, Inc Paragon Progress Devices, Inc. Visucom GmbH 1CRM Techniques Corp. Interdynamix Techniques and Inventive Breakthroughs, Inc.

About Laptop Experts, Inc. d/b/a Technologies Integration Group
TIG is a premier entire-services IT Methods Service provider with 40 several years of expertise delivering finish-to-finish engineering and IT infrastructure alternatives in 70 countries. In addition to the company’s headquarters in San Diego, TIG has 20+ workplaces found in Albuquerque, Atlanta, Denver, Honolulu, Indianapolis, Irvine, Knoxville, Los Angeles, Pensacola, Philadelphia, Portland, Richmond, Sacramento, San Antonio, Seattle, Tampa, Ottawa & Toronto, Canada and Shanghai, China. For a lot more info pay a visit to www.tig.com.

About Converge
Converge Technologies Answers Corp. is a software package-enabled IT & Cloud Methods supplier focused on offering industry-foremost answers and services. Converge’s world wide remedy strategy provides highly developed analytics, software modernization, cloud, cybersecurity, digital infrastructure, and electronic workplace choices to customers across several industries. The Enterprise supports these options with advisory, implementation, and managed products and services know-how throughout all important IT distributors in the market. This multi-faceted method allows Converge to deal with the special business enterprise and technological innovation necessities for all consumers in the public and non-public sectors. For additional details, check out convergetp.com.

For even more data get in touch with:
Converge Technological innovation Solutions Corp.
Email: [email protected]
Cell phone: 416-360-1495


1 Gross profits is a non-IFRS measurement and reflects the gross total billed to clients, modified for quantities deferred or accrued.
2 Earnings in advance of desire, taxes, depreciation, and amortization (“EBITDA”) and modified EBITDA are non-IFRS steps and are not identified, outlined, or standardized actions underneath IFRS. Adjusted EBITDA gets rid of the influence of specific income and costs that the Business expects to be non-recurring under Converge ownership.

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