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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

Post by retiredcfon Sep 01, 2021 10:23am
211 Views
Post# 33793888

Globe & Mail

Globe & Mail

09:49 AM EDT, 09/01/2021 (MT Newswires) -- Converge Technology Solutions Corp. (CTS.TO) on Wednesday rose 0.9% on last look after reporting the closing of its offering of common shares.

The offering consisted of about 24.6 million common shares at $10.55 per offered share for gross proceeds of roughly $259 million, which includes the full exercise of the over-allotment option by the underwriters.

Converge plans to use the net proceeds for acquisitions, working capital, and other general corporate purposes.

Converge Technology is a software-enabled IT and cloud services provider.

Price: 12.11, Change: +0.14, Percent Change: +1.17

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