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Converge Technology Solutions Corp
Symbol CTS
Shares Issued 210,457,581
Close 2021-10-04 C$ 9.59
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Converge Technology acquires LPA Software Solutions

2021-10-04 12:02 ET - News Release

Mr. Shaun Maine reports


Converge Technology Solutions Corp. has acquired business data analytics firm LPA Software Solutions LLC.

Headquartered in Rochester, N.Y., with personnel in Upstate New York, Dallas, Houston, Charlotte, Boston, Pittsburgh and Columbus, LPA provides business analytics solutions and professional services in analytics, data science, artificial intelligence, financial performance management, data governance, data integration, location analytics and data sets. Designated as one of the full-service IBM platinum partners that sells, understands and implements IBM Business Analytics software, LPA proudly supports hundreds of clients and numerous successful implementations across 10 major industries.

"LPA Software Solutions looks forward to joining the Converge family of companies to expand the capabilities, skills and products we will be able bring to our existing and new clients," stated Scott Hopkins, president and chief executive officer of LPA Software Solutions. "The extensive reach and experience of Converge, combined with LPA Software Solutions' many years of deep expertise, will provide clients with broad, industry-based analytics capabilities."

"Converge is excited to add LPA Software Solutions to our ever-expanding team and array of solution capabilities," stated Shaun Maine, chief executive officer of Converge. "With 20-plus years [of] experience serving clients in the analytics space, we're looking forward to folding in LPA's advanced analytics knowledge and skills to our current offerings and are excited to grow Converge's business intelligence, data and AI [artificial intelligence] practices alongside their team. LPA will enable us to continue to scale and grow our advanced analytics practice across North America."

LPA marks the 24th acquisition 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.; ExactlyIT Inc.; Rednet AG; Vicom Infinity Inc.; and Infinity Systems Software Inc.

About LPA Software Solutions LLC

LPA provides consulting and professional services for AI, business intelligence (BI), location intelligence, predictive analytics, IoT (Internet of Things), geomapping, data prep and data cleansing. LPA is a distinguished IBM platinum business partner, assisting clients with software and services for Cognos analytics, planning analytics for financial performance management, location analytics and IBM SPSS for predictive analytics. LPA helps organizations harness the power of data and information by developing solutions that ease the acquisition, sharing and flow of data across the enterprise. LPA solutions help take the guesswork out of decision making by arming executives, managers and end-users with the insights they need to make fact-based assessments.

About Converge Technology Solutions Corp.

Converge is a software-enabled IT (information technology) 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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