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Converge Technology Solutions Corp
Symbol CTS
Shares Issued 214,896,369
Close 2022-02-08 C$ 10.80
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Converge Technology acquires Visucom

2022-02-09 09:09 ET - News Release

Ms. Barbara Weitzel reports

CONVERGE TECHNOLOGY SOLUTIONS CORP. ACQUIRES VISUCOM GMBH

Converge Technology Solutions Corp. has acquired German-based organization Visucom GmbH, along with its subsidiary, School Supplies 4.0 GmbH.

Headquartered in Walzbachtal, Germany, with an additional presence in Haiger, Visucom has been a trusted supplier of professional screens, interactive blackboards, loudspeakers, cameras, projectors, displays and media controls for education and public-sector clients since 1987. The company also offers on-site installations and training and has an excellent reputation for neutral advice, planning and equipment for all market-leading manufacturers of media devices. In 2020, the company acquired School Supplies 4.0.

"In recent years, we have worked very successfully with Visucom, which now, as part of Converge, perfectly complements our audiovisual offerings. We are pleased that we can offer our public-sector clients an even more comprehensive service and product portfolio from a single source as well as further support their digitization efforts with the help of Visucom," said Barbara Weitzel, managing director of Rednet AG GmbH, a Converge company.

"Visucom is pleased to be joining Converge. Together, with Rednet AG, a Converge company, we can offer our clients across Germany a wider range of service offerings to complement Visucom's existing audiovisual media, including custom-fit professional and managed services," stated Rudiger Neller, chief executive officer of Visucom.

"Converge is excited to be kicking off 2022 with another opportunity to continue our global expansion and better serve our clients in Europe," stated Shaun Maine, chief executive officer of Converge. "In addition to Rednet AG, a Converge company, Visucom will strengthen our presence in Germany and allow us to grow the Converge name outside of North America."

Visucom marks the 27th acquisition completed by Converge or its affiliates 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; Vicom Infinity Inc.; Infinity Systems Software Inc.; LPA Software Solutions LLC; OPIN Digital Inc; and Paragon Development Systems Inc.

About Visucom GmbH

Since 1987, Visucom has been a reliable partner for clients in education and the public sector. Beginning by offering data video projectors and the installation and maintenance of blackboards, today, Visucom is a trusted supplier of professional screens, interactive blackboards, loudspeakers, cameras, projectors, displays and media controls. Headquartered in Walzbachtal, Germany, Visucom also has a panel construction facility in Haiger.

About Converge Technology Solutions Corp.

Converge Technology Solutions 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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