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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 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

Converge Technology Solutions Corp > Assessment
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Post by retiredcfon Jan 07, 2021 7:18am
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Post# 32240239

Assessment

AssessmentAnd as mentioned, the SP performed very well yesterday. Closing 5% higher than the financing price is another strong show of confidence from the investment community. GLTA

Question: Could you comment on the just announced acquisition of Vicom Computer Services by Converge Technology Solutions? At first glance, it looks like a solid acquisition which will nicely expand its operations in the US Northeast. 

Answer: We agree, The deal adds $128M in revenue and expands its customer and geographic diversity. Yesterday's bought deal keeps the balance sheet strength intact. Market cap is growing nicely here and the stock continues to get re-rated

So said 5iResearch yesterday. 
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