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New Deal


Announced

Completed

Converge Technology Solutions completed the acquisition of Vicom Infinity and Infinity Systems Software.

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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Single Bidder

information technology

IT Services: Other

Majority

Acquisition

Friendly

Domestic

Private

Canada

Completed

Synopsis

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Converge Technology Solutions, a software-enabled IT and cloud solutions provider, completed the acquisition of Vicom Infinity, an IBM mainframe solutions provider, and Infinity Systems Software, a supplier of software and services for IBM platforms. Financial terms were not disclosed. "The addition of Vicom Infinity and Infinity Systems Software to Coverage's family of companies will round out Converge's IBM solution stack and make Converge one of the most powerful IBM business partners in North America," Tom Amodio, Vicom Infinity and Infinity Systems Software President.

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