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Converge Technology to acquire Vicom, Infinity

2021-06-30 11:06 ET - News Release

Mr. Greg Berard reports

CONVERGE TECHNOLOGY SOLUTIONS CORP. TO ACQUIRE VICOM INFINITY, INC. AND INFINITY SYSTEMS SOFTWARE, INC.

Converge Technology Solutions Corp. has signed definitive agreements to acquire Vicom Infinity Inc. and Infinity Systems Software Inc.

Vicom Infinity, a world-class IBM mainframe solutions provider, focuses its philosophy on combining proven technology with the infinite possibilities of innovative thinking to transform information technology (IT) functionality. Vicom Infinity's products and uncompromising service have helped clients successfully transform their IT enterprise systems.

Infinity Systems Software has been a leading supplier of software and services for IBM platforms for more than 20 years. Sister company to Vicom Infinity, Infinity Systems Software is proficient in IBM mainframe and offers a wide range of services, including IT consulting, applications development, managed services, legacy modernization, disaster recovery and customization.

Both organizations will join the existing Converge footprint in the United States Northeast, which includes Converge subsidiaries Lighthouse, Essextec, VSS and Vicom Computer Services. The addition of Vicom Infinity and Infinity Systems Software will add to the Vicom group of companies within Converge and provide the company increased resources and client offerings, specifically in the area of IBM solutions and high-availability environments.

"The addition of Vicom Infinity and Infinity Systems Software to Coverage's family of companies will round out Converge's IBM solution stack and make Converge one of the most powerful IBM business partners in North America," said Tom Amodio, president of Vicom Infinity and Infinity Systems Software. "This acquisition will also bring together the Vicom family of companies, which have been a strong unit and historical powerhouse in the New York metropolitan area for decades," added Robert Verola, former chief executive officer of Vicom and co-owner of Vicom Infinity. "We are excited to, once again, join this ever-growing cloud company that offers our customers a path into the future."

"We are thrilled to announce that we will add Vicom Infinity and Infinity Systems Software to the growing Converge portfolio of companies across North America," stated Greg Berard, president of Converge. "With this upcoming acquisition, we will have the ability to resell the entire IBM portfolio, including mainframe, which will continue to strengthen our partnership with IBM and Red Hat. Vicom Infinity and Infinity Systems Software will play a critical role in our sustained efforts to expand the depth and breadth of cloud and software solutions we offer our clients. Their expertise in IBM platforms, mainframe environments and application modernization skills will greatly expand Converge's ability to continuously meet and exceed our clients' business needs."

Vicom Infinity and Infinity Systems Software will mark the 21st and 22nd acquisitions completed by Converge since October, 2017. Converge's family of companies also includes Corus Group LLC; Northern Micro Inc.; 10084182 Canada Inc. (operating as Becker-Carroll); Key Information Systems Inc.; BlueChip Tek Inc.; Lighthouse Computer Systems Inc.; Software Information Systems LLC; Nordisk Systems Inc.; Essex Technology Group Inc.; Datatrend Technologies Inc.; VSS LLC; Solutions PCD Inc.; Unique Digital Inc.; Workgroup Connections Inc.; Vivvo Application Studios Ltd.; Vicom Computer Services Inc.; CarpeDatum LLC; Accudata Systems Inc.; Dasher Technologies Inc.; and ExactlyIT Inc.

Vicom Infinity and Infinity Systems Software were represented in this transaction by Martin Wolf LLC, a leading merger and acquisition advisory firm serving the middle-market IT industry.

About Converge Technology Solutions Corp.

Converge Technology Solutions is a software-enabled IT and cloud solutions provider focused on delivering industry-leading solutions and services. Converge's regional sales and services organizations deliver advanced analytics, cloud and cybersecurity offerings to clients across various industries. The company supports these solutions with managed services, digital infrastructure and talent expertise offerings across all major IT vendors in the marketplace. This multifaceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors.

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