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ConvergeOne Closes Acquisition of Solutions Integrator Venture Technologies
Friday 11 January 2019

11 January 2019 - Minnesota, US-based IT services provider ConvergeOne Holdings, Inc. (NASDAQ: CVON) has closed the acquisition of Mississippi, US-based solutions integrator VT Consolidated, Inc., the firm said.

WhiteLight Group, a business application consulting entity acquired by Venture Technologies in 2016, is not included in this transaction.

Venture Technologies delivers premise infrastructure solutions, collaboration solutions, and cloud services to businesses nationwide. Completion of the transaction is expected to occur within 30 days.

ConvergeOne serves as an advisor to more than 10,400 customers across the healthcare, finance, manufacturing, education, and energy industries.

Venture Technologies is an IT solutions provider that delivers Premise Infrastructure Solutions, Collaboration Solutions and, VTCloud Services and Business Applications Consulting Services to private and public organizations throughout the United States and abroad.

Founded in 1993, ConvergeOne is a global IT services provider of collaboration and technology solutions for large and medium enterprises with decades of experience assisting customers to transform their digital infrastructure and realize a return on investment.
Details
Date Published: 11/01/2019
Target: VT Consolidated, Inc
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: ConvergeOne Holdings
Comment:
Terms of the deal were not disclosed

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