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.

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Converge Technology Solutions Corp > These Guys Mean Business...Right a Wrong..

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Post by Digger0144on Dec 12, 2022 2:05pm

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Post# 35166617

These Guys Mean Business...Right a Wrong..

I am always looking for opportunity...it does not matter what sector. I have loaded up on this one on several occassions in the $4.60-$4.65 range. I will continue to buy as the storyline begins to take shape and information begins to leak out.

This management team has done a most impressive job over the last number of years to build their company to a 3 billion dollar a year entity...very nice indeed! Guess what?...they are profitable.

They are not going to let certain players take advantage of market conditions and watch all their efforts "go for naught".

I will not be surprised if this baby goes Private.

The attached says it all...they have major players that are backing them...I will take their lead....as for money in the bank..$172,000,000.00..Wow!

Completed a five year $500m global revolving credit facility (the “Global Credit Facility”), led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers, with the Bank of Nova Scotia, the Toronto -Dominion Bank and Bank of Montreal participating in the lender group. The Global Credit Facility includes an uncommitted accordion of $100m, for a total borrowing capacity of $600m.