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Converge Technology Solutions Corp
Symbol CTS
Shares Issued 214,896,369
Close 2022-03-25 C$ 9.52
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Converge Technology Solutions to acquire Interdynamix

2022-03-28 09:12 ET - News Release

Mr. Shaun Maine reports

CONVERGE TECHNOLOGY SOLUTIONS CORP. TO ACQUIRE INTERDYNAMIX SYSTEMS

Converge Technology Solutions Corp. has signed definitive agreements to acquire Interdynamix (IDX), a next-generation systems integrator focused on business, engineering and innovation. The transaction is expected to close in Q2 2022.

Headquartered in Alberta, Canada, Interdynamix was founded in 1995 with the goal of filling a substantial gap in the technology industry for elite engineering resources. Today, Interdynamix comprises architects, engineers, sales and support professionals. The organization is known in the information technology (IT) industry as a world leader in solving business problems with innovative solutions and services, ranging from cloud computing and infrastructure to open-source consulting. Home to IDX Labs, Interdynamix also offers functional, technical, and performance testing to validate architecture systems and ensure seamless migrations.

"Joining Converge is truly a game changer for Interdynamix that will allow us to further our business goals," said Devin Vandenberg, chief executive officer of Interdynamix Systems. "Becoming part of Converge elevates our ability to deliver a client-first approach with expanded solution and service offerings, all while maintaining the highest level of innovation."

"We're pleased to announce that Converge will be adding solution engineering and business consulting firm Interdynamix to our portfolio of companies," stated Shaun Maine, CEO of Converge. "IDX will give us more coverage across Western Canada and Toronto. Their expertise across hybrid cloud, open-source and Telco will greatly enhance Converge's ability to deliver and implement an ever-evolving array of solutions to our clients across North America."

Interdynamix marks the 29th acquisition announced 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 GmbH, Vicom Infinity Inc., Infinity Systems Software Inc., LPA Software Solutions LLC, OPIN Digital Inc, Paragon Development Systems Inc., Visucom GmbH and 1CRM Systems Corp.

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 global solution approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure and digital workplace offerings to clients across various industries. The company supports these solutions with advisory, implementation, and managed services expertise 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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