Bullboard - Stock Discussion Forum Converge Technology Solutions Corp T.CTS

Alternate Symbol(s): CTSDF

Technology Information Technology Services

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with... see more

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TSX:CTS - Post Discussion

Converge Technology Solutions Corp > WC acquisition - missing financial info here

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Post by luberon on Dec 02, 2020 9:19pm

WC acquisition - missing financial info here

The following was left off the end of the 2nd para on many NRs.

Workgroup Connections had trailing twelve month revenue of CAD$14.7 million for the period ending September 30, 2020 and is expected to be immediately accretive on an adjusted EBITDA basis. The purchase price was US$1.1 million (approx. CAD$1.4 million).

Seems to be an unbelievable deal! - i.e. 0.095xsales

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Comment by sandysouci on Dec 03, 2020 1:45am

agreed, looks like a totally amazing deal for CTS... could it be a typo?...

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Comment by savyinvestor333 on Dec 03, 2020 4:57am

No typo. Below is the info from the previous deal with Ubique Digital. Unique Digital generated revenue of approximately $70 million for the trailing twelve-month period ended August 31, 2020. Consideration for the purchase consisted of US$5.35 million in cash, US$2.4 million in promissory notes and earn-out payments of up to US$1.5 million in aggregate, payable over three years ...more

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