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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

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 advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by Findingmoneyon Aug 31, 2020 10:06am
115 Views
Post# 31478825

RE:Microcap Review articles

RE:Microcap Review articlesWhat I like:

CTS has key strategic partnerships across the major cloud providers (Microsoft Azure, Amazon AWS, Google Cloud), hardware providers (IBM, Cisco, Dell/EMC) and software (IBM/Red Hat, VMware). Converge has become IBM’s second largest reseller partner in North America, ranks in the top 3% of Cisco partners with respect to technical capabilities and is a top 3 VMware partner.
CTS is trading at 6x forward EV/EBITDA vs US/ European comps at 9x/15x, respectively

What I Do Not Like:

At the end of the article the author stated: Ralph Garcea owns shares of QUIS and does not own shares of CTS.

Has that changed?

Exerts were taken from MicroCap Review Magazine,

https://convergetp.com/wp-content/uploads/2020/08/Global-IT-Spending-Expected-to-Decline-in-2020-Cloud-Will-Grow_Microcap-Magazine-Summer-2020.pdf
 

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