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Converge Technology Acquires Datatrend Technologies
Wednesday 09 October 2019

9 October 2019 - Canada-based solutions integrator Converge Technology Solutions Corp. (TSX Venture: CTS) (FSE: 0ZB) (OTCQX: CTSDF) has acquired Minnesota, US-based technology solution provider Datatrend Technologies, Inc., the company said.
Terms of the transaction were not disclosed.
Datatrend brings its customers and highly skilled teams made up of experienced technology experts, business consultants, and industry thought leaders to Converge's fast growing platform.
Converge will look to introduce its Software Enabled Hybrid IT solutions including identity-based enterprise blockchain, cognitive, cybersecurity, resiliency managed services and multi-cloud solutions to existing and new Datatrend customers while leveraging the Datatrend Hybrid IT solutions including Next Gen data centre, Hybrid Cloud, infrastructure, multi-site IT Deployments and ISV/OEM solutions to Converge clients across North America.
Datatrend provides consulting, planning, designing, implementation, integration, project management and staffing for next generation data centres, multi-cloud environment, cabling and wireless solutions for multi-site rollouts and the Internet of Things, as well as for ISV's, OEM's and service providers.
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-focussed 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 organisations face.
Datatrend Technologies, Inc. helps organisations leverage technology to drive impactful business outcomes. Datatrend does this by delivering technology infrastructure solutions from the data centre to the edge of the network.
Details
Date Published: 09/10/2019
Target: Datatrend Technologies, Inc
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Converge Technology Solutions Corp
Comment:
Terms of the deal were not disclosed

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