FOR IMMEDIATE RELEASE
December 2, 2020 – TORONTO, ONTARIO, CANADA – Converge Technology Solutions Corp. (“Converge”) (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has acquired Workgroup Connections, Inc. (“Workgroup Connections” or the “Company”), a technology solutions company that helps businesses through leading-edge cloud, software development, and licensing services and solutions.
Headquartered in St. Louis, MO, and Denver, CO, Workgroup Connections enables clients to increase productivity by helping them make the most out of IT resources and technologies through Hybrid-Cloud solutions, Agile Software Development, and software licensing services. Combining in-depth business experience and high-level technical expertise, Workgroup Connections partners with organizations to grant them a better understanding of their data and to assist them in meeting and exceeding their business objectives. Furthermore, the Company is a long-standing IBM Partner since 1995 and an Amazon Web Services Partner that has successfully served the needs of hundreds of organizations, including Fortune 500 companies, across industries such as manufacturing, IT, financial services, utilities, and healthcare.
“Becoming a part of a larger organization gives us more resources to draw from when we go to help our clients,” said Carol Schreiber-Stern, President of Workgroup Connections. “When I started this business 25 years ago, I did it by combining my background of corporate management and technical information systems expertise. We are choosing to join the Converge family now because we understand the technical and business problems that organizations today face, and we believe Converge’s model is the best way to address those.”
“The addition of Workgroup Connections marks another boost to Converge’s already considerable array of cloud and software offerings,” said Shaun Maine, CEO of Converge. “On top of its experience with big players in the current North American market, Workgroup Connections brings skilled resources who collectively hold over 80 certifications from partners who are currently driving innovation in IT – including AWS, IBM, and Microsoft – to our team. The technical and business resources of our newest Converge family member will provide specialized skill sets for our practice areas supporting our Central and Western regions.”
Workgroup Connections marks the fourteenth acquisition completed by Converge since October 2017. Converge’s family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc.; Lighthouse Computer Systems, Inc.; Software Information Systems LLC.; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions P.C.D., Inc, and Unique Digital, Inc.
Converge Technology Solutions Corp. is a North American IT Solution Provider focused on delivering industry leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries. Converge supports these solutions with talent expertise and digital infrastructure offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.
About Workgroup Connections, Inc.
Headquartered in St. Louis for 25 years, Workgroup Connections provides software design, agile development, implementation, and training services focused on business process automation, cloud strategies, collaboration, eDiscovery, and business intelligence. Workgroup Connections is a long-standing IBM Gold Partner and an Amazon Web Services Partner. Over the years, it has successfully served the needs of hundreds of organizations, including Fortune 500 companies in manufacturing, IT, financial services, utilities, and healthcare.
For further information contact:
Converge Technology Solutions Corp.
Email: [email protected]
Notice to Reader: Use of Forward-Looking Statements
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to the completion of the TSX listing, the satisfaction of final listing requirements, the receipt of final approval from the TSX and the timing of each of the foregoing. Except as required by law, Converge assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change. The reader is cautioned not to place undue reliance on forward-looking statements. For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s annual information form, which is available on SEDAR under the Company’s profile at www.sedar.com, and the consolidated financial statements of the Company for the years ended December 31, 2019 and 2018, together with the corresponding Management’s Discussion and Analysis for additional risk factors described under “Risks and Uncertainties”. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.