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Announced

Completed

Converge Technology Solutions completed the acquisition of Paragon Development Systems for $52m.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA5.76x
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Completed

Private

it solutions

Domestic

Friendly

Software

Single Bidder

Acquisition

Synopsis

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Converge Technology Solutions, a software-enabled IT & Cloud Solutions provider, completed the acquisition of Paragon Development Systems, a company that uses IT solutions to improve their client's performance, for $52m. “PDS’s knowledge and proficiency in the healthcare space will enhance Converge’s ability to deliver enterprise solutions and managed services to our clients in this sector across North America. Additionally, PDS’s presence in the central region will give us more scale across Wisconsin, Illinois, and Minnesota to help us continue to meet the requirements of our clients in these areas,” Shaun Maine, Converge CEO.

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