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Converge Technology Solutions Acquires Nordisk Systems, Inc.

Nordisk is a leading technology solution provider in the Northwest US focused on infrastructure, cloud, security, analytics, business continuity and managed services solutions.

FOR IMMEDIATE RELEASE

July 3, 2019 – TORONTO, ONTARIO, CANADA – Converge Technology Solutions, Corp. (“Converge” or “the Company”) (TSXV:CTS) (FSE:0ZB)(OTCQX:CTSDF) announced today that it has acquired Nordisk Systems, Inc. (“Nordisk”), a Northwest based partner focused on infrastructure, cloud, security, analytics, business continuity and managed services solutions. Nordisk brings highly skilled teams of experienced technology experts, business consultants, and industry thought leaders to Converge’s fast growing platform.

Nordisk CEO Deney Dentel will continue in his role along with the existing Nordisk management team.  Working with Deney, Converge will look to extend Nordisk’s capabilities and solutions to customers across North America while introducing Converge’s Hybrid IT solutions including identity-based enterprise Blockchain, cognitive, cybersecurity, resiliency managed services and multi-cloud solutions to current Nordisk customers.

“Our team at Nordisk is dedicated to relieving customer technology burdens since 1983.  Our exceptional staff of highly certified industry veterans, and our longstanding relationships with manufacturers and building relations with emerging technology manufacturers deliver the highest quality technology and remain on the leading edge. As trusted advisors, we enable our clients to exceed their goals and objectives to ensure long-term success,” said Deney Dentel. “The fit between the companies made perfect sense.  I couldn’t be more excited about what is ahead for the Nordisk team and our customers. The Converge culture and their way of doing business is spot on.”

Nordisk has a team of distinguished engineers that understands customer current needs and goals and can architect visionary infrastructure that is efficient today and ready for the future.

“We are pleased that Nordisk is joining the Converge family of companies,” said Shaun Maine, CEO of Converge. “As a longstanding and top tier performer in the IBM ecosystem, Nordisk extends our IBM footprint allowing Converge to expand our software strategy, particularly Red Hat after its acquisition by IBM is completed.  Nordisk also provides geographical coverage in the Northwest as part of our 3 phase plan to be a premier North American Hybrid IT provider.”

Nordisk marks the ninth transaction completed by Converge since October 2017. Converge’s family of companies also includes Corus Group, LLC; Northern Micro, Inc.; Becker-Carroll; Key Information Systems, Inc.; BlueChipTek, Inc.; Lighthouse Systems, Inc.; Software Information Systems, LLC; and Essex Technology Group, Inc.


About Converge 

Converge Technology Solutions, Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The Company is building a platform of regionally-focused Hybrid IT solutions providers to enhance the ability to provide multi-cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private-sector organizations face today. For more information, visit https://www.convergetp.com.

About Nordisk

Nordisk Systems, Inc. is a leading technology solution provider with over three decades of experience in the industry.  Since founded in 1983, Nordisk is committed to relieving its customers’ technology burdens, with the ability to architect visionary infrastructure that solves immediate needs while focusing to achieve future business initiatives.  For more information, visit  http://www.nordisksystems.com

For further information contact:

Mary Anne Palangio                                                          Virtus Advisory Group
Chief Financial Officer                                                         Shareholder Inquiries
Converge Technology Solutions, Corp.              converge@virtusadvisory.com
Email:  investors@convergetp.com                                               416-644-5081
Phone:  416-360-1495

 

Notice to Reader:  Use of Non-IFRS Financial Measures and Forward-Looking Statements

  1. Non-IFRS Financial Measures

In this news release, certain non-IFRS measures to evaluate performance are used.  The term “Adjusted EBITDA” does not have any standardized meaning prescribed within IFRS and therefore may not be comparable to similar measures presented by other companies.  Such measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS such as net income.  Adjusted EBITDA is defined as gross profit less selling, general and administrative expenses, and corresponds to income before income tax, depreciation and amortization, finance expenses, change in fair value of contingent consideration, transaction costs for acquisitions, initial public offering costs and other non-operating expenses.

Management believes Adjusted EBITDA is an important indicator as it excludes certain items that are non-cash expenses, items that cannot be influenced by management in the short term and items that do not impact core operating performance, demonstrating the Company’s ability to generate liquidity through operating cash flow to fund working capital needs, service outstanding debt and fund future capital expenditures.  Adjusted EBITDA is used by some investors and analysts for the purposes of valuing an issuer.  The intent of Adjusted EBITDA is to provide additional useful information to investors and analysts and is also used by management as an internal performance measurement.

 

  1. Forward-Looking Information

This news 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. 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.

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.

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Converge Technology Solutions Corp.Converge Technology Solutions Acquires Nordisk Systems, Inc.
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Converge Technology Solutions Announces USD $4.3m Contract with Leading US Financial Institution

                                                                                       FOR IMMEDIATE RELEASE

Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to announce that it has been awarded a USD $4.3m contract with a large US-based financial services company to deliver enterprise software solutions. Key Information Systems, a Converge family company traditionally focused on enterprise hardware, working alongside both Essex Technology Group, Inc. (“Essextec”) and Lighthouse Computer Services (“Lighthouse”), will deliver enterprise class software in a cloud environment leveraging Red Hat solutions. Essextec and Lighthouse are both members of the Converge family of companies. 

“Earlier this year, we worked with Essextec and Lighthouse to create a sales enablement program around software and had both teams visit the 145 sales people that are part of the Converge family across seven unique locations,” said Shaun Maine, Chief Executive Officer of Converge. “While the feedback was overwhelmingly positive, we did not anticipate seeing results so quickly, especially out of our companies that are traditionally focused on hardware solutions.” 

Mr. Maine continued, “This contract, along with the various others our sales team have secured, further validates our belief that the cross-selling strategy we have implemented across all the organizations we have acquired to date has created an exciting opportunity to drive significant organic growth within our business. We believe that our software solutions will continue to make up larger and larger components of our revenue moving forward. In our view, this bodes extremely well for the future as many of our long-standing clients look to us to guide them through their cloud journey, including offering Red Hat solutions which we believe will be a powerful driver of growth moving forward.” 

About Converge Technology Solutions 

Converge Technology Solutions is building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com 

For further information contact: 

Mary Anne Palangio Virtus Advisory Group Chief Financial Officer Shareholder Inquiries Converge Technology Solutions Corp. Email: converge@virtusadvisory.com Email: investors@convergetp.com Phone: 416-644-5081 Phone: 416-360-1495 

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Converge Technology Solutions Corp.Converge Technology Solutions Announces USD $4.3m Contract with Leading US Financial Institution
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Converge Technology Solutions Announces Appointment of Mr. Ralph Garcea to Board of Directors

FOR IMMEDIATE RELEASE

JUNE 13, 2019 – TORONTO, ONTARIO – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) (FSE:0ZB) (OTCQX: CTSDF) is pleased to announce the appointment of Ralph Garcea as an independent director of the Company, effective immediately. The addition of Mr. Garcea will bring the Converge Board of Directors to a total of five individuals, four of whom are considered independent.

Mr. Garcea was a top-ranked research analyst, well regarded for his knowledge of Canadian technology, gaming and industrial companies, having received top three rankings in the past from Brendan Woods, Greenwich, Starmine, and Thomson Reuters surveys. Mr. Garcea has more than 22 years of experience in senior positions at both major and boutique investment dealers in Canada. He is the current managing partner and co-founder of Focus Merchant Group, a boutique advisory firm offering a full range of financial advisory services including strategy, mergers and acquisitions, private placements, RTO/IPO advice, valuations, fairness opinions and board of director selections.

“We are pleased to welcome Ralph Garcea to our Board of Directors, given his extensive capital markets experience in the technology sector,” stated Gordon McMillan, Chairman of the Board of Converge. “Ralph’s unique insight and experience will be instrumental as we continue to implement Converge’s strategic business plan.”

Mr. Garcea holds a Bachelors Degree (Honours) in Engineering Science (Aerospace) from the University of Toronto, and an M.B.A. (Honours) from the Schulich School of Business at York University.


About Converge Technology Solutions
Converge Technology Solutions is building a platform of regionally-focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com

For further information contact:

MaryAnne Palangio Virtus Advisory Group
Chief Financial Officer Shareholder Inquiries
Converge Technology Solutions, Corp. Email: converge@virtusadvisory.com
Email: investors@convergetp.com Phone: 416-644-5081
Phone: 416-360-1495

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Converge Technology Solutions Corp.Converge Technology Solutions Announces Appointment of Mr. Ralph Garcea to Board of Directors
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Converge Technology Solutions Announces the Commencement of OTCQX Trading, Retains Investor Relations Consultants and Market-Maker

FOR IMMEDIATE RELEASE

 

May 6, 2019 – TORONTO, ONTARIO – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that its common shares are now trading on the OTCQX Best Market under the ticker symbol of CTSDF. The OTCQX Best Market is the highest market tier of OTC Markets on which 10,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors.   Converge’s common shares will continue to trade on the TSX Venture Exchange under the symbol CTS, and on the Frankfurt Stock Exchange under the symbol 0ZB.

The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade CTSDF.  The OTCQX Best Market is OTC Markets Group’s premier market for established, investor-focused U.S. and international companies.  To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.

Converge is in the process of securing Depository Trust Company (“DTC”) eligibility for its common shares.  DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries.  Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com/stock/CTSDF/quote.

“We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our U.S. employees and investors to invest in Converge by reducing the requirement of having a Canadian trading account,” confirmed Shaun Maine, the CEO of Converge. “Additionally, the timing is favourable to allow the commencement of our employee stock purchase program that Converge Shareholders will be voting on at our Annual General Meeting on Thursday, May 9th.”

Converge also announces that it has retained Mackie Research Capital Corporation (“MRCC”) to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the terms of the agreement, MRCC will receive $4,000 per month.  There are no performance factors contained in the agreement and MRCC will not receive shares or options as compensation.

Additionally, Converge has retained First Canadian Capital Corp. (“FCC”) to provide consulting services consisting of investor relations and corporate communications.  Under the terms of the agreement, the Company will pay FCC a monthly retainer fee of $10,000 for professional services.


About Converge Technology Solutions

Converge Technology Solutions building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com

 

For further information contact:

Mary Anne Palangio                                                                   Virtus Advisory Group
Chief Financial Officer                                                                Shareholder Inquiries
Converge Technology Solutions Corp.                                    Email:   converge@virtusadvisory.com
Email:  investors@convergetp.com                                          Phone:  416-644-5081
Phone:  416-360-1495

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Converge Technology Solutions Corp.Converge Technology Solutions Announces the Commencement of OTCQX Trading, Retains Investor Relations Consultants and Market-Maker
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Converge Opens Cybersecurity and Identity Management Conversation in Canada

Converge brings cybersecurity and identity management experts together to discuss digital vulnerabilities in the public and private sectors.

FOR IMMEDIATE RELEASE

MAY 1, 2019 – OTTAWA, CANADA – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV: CTS) (FSE: 0ZB) is pleased to announce the results of the Cybersecurity & Identity Summit held in Ottawa on April 19, 2019. Recent developments in cybersecurity and digital identity management have changed the way people go about their daily lives. The danger posed by “bad actors” and other emerging threats has become a paramount concern for experts in the field. To address these and other concerns, Becker-Carroll and Northern Micro, both Converge companies, along with the Ottawa Cybersecurity Meetup Group, organized the Cybersecurity & Identity Summit in Ottawa. The one-day event was developed to spur conversations and create mutually rewarding relationships between industry-minded individuals.

The event was a resounding success, with over 350 attendees and 23 presenters. It was comprised of panels, breakout sessions, and keynote addresses that opened the floor for dialogue around the growing need for security and identity solutions for both the public and private sectors. The speakers and panelists were carefully selected by leaders at Becker-Carroll and Ottawa Cybersecurity Group for their industry knowledge and experience.

“When we were working with the Ottawa Cybersecurity Meetup Group members to organize this event, we knew that it would reach a sizeable audience. Based on the attendance and the conversations that took place at the event, it is apparent that the need for our digital identity message is even greater than we thought,” said Don Cuthbertson, COO of Converge. “People in every industry need to understand how these topics affect them, and it’s my hope that this discussion grows and evolves as new trends emerge.”

“Digital identity management is rapidly evolving and becoming more complex. Keeping information secure is tantamount to running a successful business, and organizations must understand the way in which cyberthreats that target people as well as systems can impact them in order to remain protected,” said Bruce Levis, Co-Founder and Managing Partner at Becker-Carroll. “Something as innocuous as a spam email can result in a catastrophe if the appropriate preparations are not made.”

Converge, through Becker-Carroll and other Converge companies, is focused on becoming an industry leader in digital identity to deliver digital innovation and transformation solutions to customers with privacy and security at the forefront; with the ability to leverage advancements in blockchain, distributed ledger and self-sovereign identity technologies for associated trust assertions.


About Becker-Carroll, a Converge Company

Based in the Hull Sector of Gatineau, Quebec (National Capital of Canada Region), Becker-Carroll’s information and technical professionals are committed to deliver trusted, high-value digital services to their clients. The company was acquired by Converge in January of 2018. For more information, visit http://www.becker-carroll.com


About Converge Technology Solutions

Converge Technology Solutions is building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com

For further information contact: Mary Anne Palangio – Chief Financial Officer, Converge Technology Solutions, Corp. Email: investors@convergetp.com Phone: 416-360-1495


Virtus Advisory Group

Shareholder
Inquiries

Email: converge@virtusadvisory.com Phone: 416-644-5081

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Converge Technology Solutions Corp.Converge Opens Cybersecurity and Identity Management Conversation in Canada
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Converge Technology Solutions Announces Frankfurt Stock Exchange Listing, Retains Investor Relations Advisors and Market-Maker

March 13, 2019 – TORONTO, ONTARIO – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS)  (FSE: 0ZB) is pleased to announce that it has obtained an official listing on the Frankfurt Stock Exchange, with the ticker 0ZB.

Converge also announces that it has retained Integral Wealth Securities Limited (“Integral”) to provide market making services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.  Integral will trade shares of Converge on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of Converge’s common shares.  Under the terms of the agreement, Integral will receive $5,500 per month.  There are no performance factors contained in the agreement and Integral will not receive shares or options as compensation.

The Company also discloses that further to its previously announced acquisition of Software Information Systems, LLC, a finder’s fee of 2.00% of the total enterprise value of the transaction is payable to Commonwealth Capital, LLC. The finder’s fee consists of a cash payment of US $260,000 and 160,000 common shares of the Company.

Converge also announces that it has retained Olsson Business Acceleration (“Olsson”) to provide investor relations services in Germany on behalf of the Company. Under the terms of the agreement, the Company will pay Olsson an annual retainer fee of EUR 24,000 for professional services.

Additionally, Converge has retained Virtus Advisory Group Inc. (“Virtus”) to provide investor relations services on behalf of the Company.  Under the terms of the agreement, the Company will pay Virtus a monthly retainer fee of $12,000 for professional services. 


 About Converge Technology Solutions

Converge Technology Solutions building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com

For further information contact:
Mary Anne Palangio                                                      Virtus Advisory Group
Chief Financial Officer                                                   Shareholder Inquiries
Converge Technology Solutions Corp.                Email:   converge@virtusadvisory.com
Email:  investors@convergetp.com                                Phone:  416-644-5081
Phone:  416-360-1495

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Converge Technology Solutions Corp.Converge Technology Solutions Announces Frankfurt Stock Exchange Listing, Retains Investor Relations Advisors and Market-Maker
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Northern Micro Announced as Qualified Supplier of Artificial Intelligence Solutions to Government of Canada

 February 27, 2019 – OTTAWA, ONTARIO – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) today announced that Northern Micro, Inc., a Converge Company, has been recognized as a qualified supplier of Artificial Intelligence (AI) Solutions to the Government of Canada under solicitation number EN578-180001/A. Under this new source list, Northern Micro is affirmed as a pre-qualified supplier to develop, test, and iterate on AI solutions out of a select group of companies for the Government of Canada. 

The Government of Canada established an AI supplier framework distinguishing between three different bands contingent on the ability of a company to deliver solutions, platforms and frameworks. The varying levels of bands confirm the value of work that can be awarded to the selected companies. Northern Micro was categorized as a Band Three supplier allowing for work up to $9 million before taxes. To qualify for the top tier of Band Three, a company must successfully deliver at least five AI projects, with this category including companies such as Amazon Web Services, IBM and Accenture. 

“Northern Micro is excited for the opportunity to support our public sector customers on their path toward Digital Government. Our proven experience developing tangible cognitive solutions coupled with our expertise in outcome-specific public and private cloud infrastructure and edge computing provides a truly unique skill set to draw from,” said Emily Martin, Vice-President of Sales & Enterprise Technology at Northern Micro. “As a Canadian company, we are proud to be on such an innovative source list and to be part of the AI ecosystem.” 

“This recognition of Northern Micro as an AI supplier is a large step forward for the future of Northern Micro and the Converge family,” said Shaun Maine, CEO of Converge. “This announcement is a validation of the accelerated organic growth component of our acquisition strategy proving our ability to add value at scale through cross selling synergies and expertise.” 

With this modern procurement framework, agencies and departments are now able to benefit from AI outcomes under three main categories: Insights and predictive modelling, machine interactions, and cognitive automation. These AI solutions will help the Government of Canada achieve its vision of delivering digital government services to all Canadians while furthering efforts towards procurement and public service workforce modernization. 


About Northern Micro 

Northern Micro is Ottawa’s premier provider of Information Technology solutions – from client devices like notebooks and desktops to data center and cloud infrastructure. Northern Micro combines highly trained experts and focused partnerships with the biggest names in the industry to create IT solutions that solve unique business challenges. To learn more about Northern Micro, visit www.northernmicro.com 


About Converge Technology Solutions 

Converge Technology Solutions building a platform of regionally focused Hybrid IT solution providers that deliver best-of-breed solutions and services to clients. These capabilities are enhanced by advanced expertise in cloud solutions, artificial intelligence, blockchain, resiliency, and managed services, enabling Converge to address the business and IT challenges that public and private-sector organizations face today. To learn more about Converge, visit www.convergetp.com 

For further information contact: Mary Anne Palangio Chief Financial Officer Converge Technology Solutions Corp. investors@convergetp.com (416) 360-1495 

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Converge Technology Solutions Corp.Northern Micro Announced as Qualified Supplier of Artificial Intelligence Solutions to Government of Canada
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Converge Technology Solutions achieves DELL/EMC Gold Partner Tier

Converge Technology Solutions announced today that it has been named a DELL EMC Gold Partner.

January 29, 2019 – TORONTO, ONTARIO, CANADA – Converge Technology Solutions, Corp. (“Converge” or “the Company”) (TSXV:CTS) today announced that all US members of the  Converge family of companies are DELL/EMC Gold partners effective immediately. This announcement is a testament to Converge’s strengthening relationship with DELL/EMC in the US that compliments the Dell/EMC Titanium partner status of its Canadian subsidiary, Northern Micro.

The achievement of Gold partnership status provides Converge with the ability to resell DELL/ EMC product lines across all of its US entities. In particular, Gold status allows Converge to offer additional value to customers around Server, Storage, and Core Client technologies.

“We are happy to have attained this level of partnership with Dell/EMC. It is proof of our credentials and ability to deliver Dell/EMC products, services, and solutions. This partnership allows Converge to specifically add elements of hybrid cloud, storage, data protection, and infrastructure to its offerings,” said Shaun Maine, CEO of Converge. “By layering Dell/EMC technologies onto our existing capabilities, we are enhancing our existing Hybrid IT solution set and delivering more options and value to our customers.”


About Converge

Converge Technology Solutions, Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The Company is building a platform of regionally-focused Hybrid IT solution providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private-sector organizations face today. For more information, visit https://www.convergetp.com.

For further information contact:
Mary Anne Palangio
Chief Financial Officer
Converge Technology Solutions Corp. investors@convergetp.com
(416) 360-1495

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Converge Technology Solutions Corp.Converge Technology Solutions achieves DELL/EMC Gold Partner Tier
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Converge Technology Solutions Acquires Software Information Systems, LLC

 SIS is a leading managed cloud services and solutions provider in the South-Central US focused on delivering competitive advantage to customers through innovative technology strategy and solutions.

 January 21, 2019 – TORONTO, ONTARIO, CANADA – Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) announced today that it has acquired all of the Class A membership interests in Software Information Systems, LLC (“SIS“), a South-Central US based partner focused on managed cloud delivery, compute efficiency, network optimization, storage optimization, and IT spend optimization, from VBS Holding Company, Inc. (“VBS“), whose owners include the current management team of SIS. The transaction gives Converge full control of, and economic interest in, SIS immediately. SIS brings highly skilled teams of experienced technology experts, business consultants, and industry thought leaders to Converge’s fast growing platform. 

SIS President & CEO Steve Sigg will continue in his role along with the rest of the existing SIS management team. Working with Steve, Converge will introduce its hybrid IT solutions including identity-based enterprise Blockchain, cognitive, cybersecurity, resiliency managed services and multi-cloud solutions to existing and new SIS customers while leveraging the SIS advanced managed cloud service offerings across North America. 

SIS is a 36-year-old technology solutions and services company, collaborating with customers on innovative data center strategy, technology solutions in the cloud or on-premise to help customers drive impactful business results. 

“The team at SIS has been committed to assisting our clients understand the challenges and benefits of public, private and hybrid cloud consumption. Our private cloud delivery solutions allow customers to self-provision and manage cross platform capabilities for IaaS, backup, resiliency, and security of their hosted workloads,” said Steve Sigg. “We look forward to working with the Converge companies to bring SIS competencies to their clients and introduce the expansive Converge product and service portfolio to our existing clients.” 

“We are thrilled that SIS is joining the Converge family of companies,” said Shaun Maine, CEO of Converge. “SIS adds full scale managed services and cross platform cloud solutions, which when combined with the capabilities of Microsoft Azure from Corus; Amazon Web Services form BlueChip Tek; cloud, cognitive and cybersecurity from Essex; and software and Red Hat from Lighthouse add significant capabilities to the Hybrid IT solutions Converge can offer to its customers. This acquisition solidifies Converge as a major Hybrid IT provider in North America.” 

SIS marks the eighth transaction 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.; and Essex Technology Group, Inc. 


About Converge 

Converge Technology Solutions Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The Company is building a platform of regionally-focused Hybrid IT solutions providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private-sector organizations face today. For more information, visit https://www.convergetp.com.


About SIS 

SIS is a nationally-recognized, leading technology and managed IT solutions provider helping clients design, optimize and support mission-critical assets. Regionally-focused teams across the country solve challenges and design solutions, leaving more time for clients to devote resources to core business strategies. SIS’ proven methodology, experienced professionals and innovative technologies provide the highest quality of IT service to more than 1,300 clients, both large and small. For more information, visit http://www.thinkSIS.com. 

For further information contact: 
Mary Anne Palangio 
Chief Financial Officer 
Converge Technology Solutions Corp. 
investors@convergetp.com 
(416) 360-1495 

 

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Converge Technology Solutions Corp.Converge Technology Solutions Acquires Software Information Systems, LLC
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Converge Technology Solutions Announces CIO Advisory Service

Converge Technology Solutions has created a CIO Advisory Service to provide customer CIO advice, insight and help to navigate the rapid explosion of innovative technology. 

January 15, 2019 – TORONTO, ONTARIO, CANADA– Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSXV:CTS) today  announces the creation of  a CIO Advisory Service and welcomes Healthcare veteran Ronaldo Möntmann to the position of CIO Advisor. Möntmann is an experienced healthcare information technology executive.  Möntmann brings a unique blend of strategic and operational business acumen, information technology competency and expertise stemming from his multi-decade experience in Healthcare technology.

“The CIO advisory program is designed to support our customers as cultural agents in the digital transformation journey; the CIO advisor will act as a coach, a content-provider and a business advisor to clients and partners to deliver value utilizing Converge’ s extensive hybrid IT portfolio and expertise”, said Shaun Maine CEO of Converge.   “Möntmann is an innovative and transformational technology leader who is focused on customer-centric service excellence and exceptional business performance”.

“CIOs are facing an unprecedented pressure from all sides”, said Möntmann. “Every digital transaction must be value added. Technology investments, usually second to labor costs, must be well aligned with the organization’s strategic goals to yield a positive return. The new wave of technological breakthroughs brings tremendous innovative capabilities to organizations, and they must be well understood and articulated in the boardroom, where decisions are made. Therefore, it is critically important to have a sound strategy for Cloud, IoT, Blockchain, and Artificial Intelligence/Machine Learning as these technologies will revolutionize businesses through agility and innovation, thus positively impacting the bottom line”.

Möntmann adds that, “the CIO’s credibility is also tied into running complex technology infrastructure as a well-oiled engine, keeping the lights on 100% of the time, while managing and advancing their resources and strengthening strategic partnerships with key technology solution providers. Lastly, the best IT organizations are the ones whose leadership teams have successfully implemented an effective IT governance program that combines technology acumen with relevant knowledge from other areas such as Information Security, Project Management, Procurement, Vendor Management, Legal, Compliance and Risk Management.”

Möntmann is an adjunct professor of information security at a major private research university in Florida; he is a frequent speaker, lecturer and presenter in professional forums. Möntmann is an MBA graduate from Nova Southeastern University-FL and received his BA from Trinity International University-IL.  Möntmann is a member of the College of Healthcare Information Management Executives (CHIME), and a certified Healthcare CIO by CHIME. He is a certified project management professional (PMP), and a Lean Six Sigma – Black Belt practitioner. Möntmann is actively involved in his local community having served in many social outreach events.


About Converge

Converge Technology Solutions Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The Company is building a platform of regionally-focused Hybrid IT solution providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private-sector organizations face today. For more information, visit https://www.convergetp.com.

For further information contact:
Mary Anne Palangio
Chief Financial Officer
Converge Technology Solutions Corp.
investors@convergetp.com
(416) 360-1495

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Converge Technology Solutions Corp.Converge Technology Solutions Announces CIO Advisory Service