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New Deal


Announced

Completed

Converge completed the acquisition of PCD Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Private

Single Bidder

enterprise systems

IT Services: Other

Completed

Majority

virtualization and cloud

Acquisition

Friendly

Synopsis

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Converge Technology Solutions, a provider of information technology services, completed the acquisition of PCD Solutions, a company focused on solutions in enterprise system architecture, storage and information management, virtualization and cloud, and business continuity and disaster recovery. Financial terms were not disclosed. "We expect PCD Solutions sales and solutions strength to enhance our capabilities in becoming a dominant software-enabled Hybrid IT provider in the Quebec and Canadian marketplace as it builds on the platforms we have created with our previous acquisitions. PCD Solutions also brings a level of expertise around VMware that will allow us to continue to drive value with our Converge Hybrid cloud offerings to our clients," Shaun Maine, Converge CEO.

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