Norwick Capital Corp. (TSX: NWK.P) (” Norwick“) and Converge Technology Partners Inc. (” Converge“) are pleased to announce that Norwick, Converge and Norwick Acquisition Corp., a wholly-owned subsidiary of Norwick, have entered into an acquisition agreement (the ” Acquisition Agreement“), dated August 28, 2018, pursuant to which Norwick will acquire all of the issued and outstanding Class A common shares of Converge (each, a ” Converge Share“) and Converge will amalgamate with Norwick Acquisition Corp. (the ” Amalgamation“). The Amalgamation will be structured as a three-cornered amalgamation and, as a result, the amalgamated corporation (” Amalco“) will become a wholly-owned subsidiary of Norwick at the time of the completion of the Amalgamation.

Prior to the completion of the Amalgamation and subject to applicable regulatory approval, Norwick will complete a consolidation (the ” Consolidation“) of its outstanding common shares and, upon completion of the Amalgamation, Norwick will complete a name change (the ” Name Change“) to “Converge Technology Solutions Corp.” (the ” Resulting Issuer“). Norwick is a capital pool company listed on the TSX Venture Exchange (the ” TSXV“). The Amalgamation will complete the previously announced qualifying transaction of Norwick in accordance with the rules and policies of the TSXV (the ” Qualifying Transaction“).

Norwick has made an initial filing submission to the TSXV regarding the Qualifying Transaction. A filing statement of Norwick containing further details with respect to the Qualifying Transaction (the ” Filing Statement“) will be prepared and filed by Norwick on SEDAR at www.sedar.com upon acceptance by the TSXV.

Converge Technology Partners, Inc. has  acquired BlueChipTek, Inc., an Information Technology Professional Services organization serving some of the fastest growing and market disruptive companies in Silicon Valley. BlueChipTek brings a high level of expertise in data center infrastructure integration, a comprehensive approach to cloud optimization, and the proven ability to deliver data center infrastructure solutions throughout the world. Based in the San Francisco Bay Area, BlueChipTek focuses on regional customer growth while enabling global customer expansion.

BlueChipTek marks the fifth company Converge Technology Partners has acquired since October 2017. Converge’s portfolio of companies also includes Corus360 Inc., based in Norcross, GA; Northern Micro Inc. and Becker-Carroll Inc., both of which are headquartered in Ottawa, ON; and Key Information Systems Inc., based in Agoura Hills, CA.

Converge Technology Partners, Inc. (“Converge”) and Key Information Systems, Inc. (“KeyInfo”) announced today that Converge has acquired KeyInfo. Terms of the deal were not disclosed. The acquisition gives both companies expanded service offerings and growth opportunities, as well as provides Converge a strong footprint within the Western United States. KeyInfo provides a mature managed hybrid cloud business. Through its partners, KeyInfo manages vast quantities of customer data, particularly in its unstructured form, via its Object Storage as a Service (STaaS) offering.

For nearly twenty years, clients in healthcare, retail, finance and other critical industries have relied on KeyInfo technology services in the western United States. As an early adopter of cloud computing solutions, the company has a reputation for reliability and security that continues to inspire confidence with its partners and clients alike. KeyInfo’s dedication to data protection is apparent in their maintenance of SOC 1, SOC 2, and HIPAA compliances to ensure that they are able to cater to the diverse regulatory needs of both private businesses and government entities.

It is Converge’s intent to merge both KeyInfo and Corus360’s Cloud businesses to leverage best practices and assets across both organizations. Mutually, these companies have made significant investments in Cloud-driven technology, both bringing with them a notable list of subscribers. This acquisition is Converge's latest in a series of expansions, following the additions of Becker-Carroll and Nothern Micro to its portfolio.  The result of fusing these Cloud services will result in a more attentive service level and an elevated customer experience. KeyInfo and Corus360 focus on speed, resilience, and provisioning to bring the best-in-class Cloud services to their clients.  Commonwealth Capital was the exclusive advisor to KeyInfo.

Converge Technology Partners, Inc. recently acquired Becker-Carroll, a company with experience bringing powerful blockchain solutions to customers.  

Converge Technology Partners, Inc. (“Converge”) and Becker-Carroll today announced that Converge has completed their acquisition of Becker-Carroll. The acquisition comes on the heels of Becker-Carroll’s recent involvement in the implementation of Hyperledger Indy, a blockchain technology that enables enterprise applications and services to participate in digital, centralized identity (self-sovereign) ecosystems and organizations to establish trusted relationships with one another through a verifiable, claims-based architecture. The knowledge gained from this and related initiatives positions Becker-Carroll to build enterprise-class self-sovereign identity blockchain solutions that respect and secure the privacy and liberty of the people and organizations that use them.

In a world of accelerating technological change, customers need reliable, flexible, and innovative technology solutions more than ever. Northern Micro, together with Converge will continue to provide solutions that deliver on this mission.

In an increasingly digital marketplace, technology is no longer merely supporting business operations but shaping business strategies. Together, Converge Technology Partners and Corus360 have the industry knowledge, strategy, and leadership to embrace the forces that are transforming business objectives and customer expectations.  

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