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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 luberonon Nov 10, 2020 9:21pm
97 Views
Post# 31875374

RE:Q3...Enroute to $1 billion in Sales Soon

RE:Q3...Enroute to $1 billion in Sales SoonOn the call, Shaun described an exciting opportunity centered around the need for some companies to move their IBM-based i-series/AS400 key production systems to the cloud. CTS got its foot in the door at one of these in October signing a contract with a large NE retailer - it's for $1.3m over 5 years for managed services only ... for now. Apparently the only companies having the expertise to carry the migration over to the cloud are IBM itself, Converge and an outfit named Sirius. There are 1600 potential customers for this migration. In December, CTS will be making a pitch to some 2000 cloud solution execs so perhaps more related contracts will emanate. Shaun describes it as a potential company-defining opportunity.
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