Converge Technology Solutions’ Huge Acquisition Spree Continues With PDS
Fast-growing Converge Technology Solutions made its 26th acquisition today with the purchase of fellow solution provider Paragon Development Systems as the company consolidates dozens of small North America-based channel partners.
Converge Technology Solutions’ massive channel acquisition spree is continuing in 2022 as the company acquires fellow solution provider PDS Holding Company to grow its U.S. footprint, marking its twenty-sixth acquisition.
Founded with the intention of bringing together dozens of smaller solution providers into a single organization, Converge Technology Solutions has grown into a billion-dollar public company via 26 acquisitions since late 2017. The solution provider last year closed on four acquisitions over the span of just 30 days.
In 2021, Converge Technology Solutions acquired mobility and application specialist OPIN Digital Inc.; data analytics firm LPA Software Solutions; international managed IT services provider ExactlyIT; Dasher Technologies, one of HPE’s largest channel partners in North America; consulting and system integrator specialist Accudata Systems; analytics consulting firm CarpeDatum; and multi-cloud infrastructure and services provider Vicom Computer Services.
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Converge Technology Solutions’ stock is trading up 3 percent today at $8.14 per share. The company’s stock is up 86 percent from one year ago.
Converge Technology Solutions’ acquisition today of Delaware-based PDS Holding Company includes Paragon Development Systems (PDS), a solution provider that specializes in enterprise solutions, managed services and digital workplace platforms. Wisconsin-based Paragon Development Systems offers solutions ranging from cloud and security to servers and infrastructure to remote work.
“PDS’s knowledge and proficiency in the healthcare space will enhance Converge’s ability to deliver enterprise solutions and managed services to our clients in this sector across North America,” said Converge’s CEO Shaun Maine in a statement. “Additionally, PDS’s presence in the central region will give us more scale across Wisconsin, Illinois, and Minnesota to help us continue to meet the requirements of our clients in these areas.”
Converge Technology Solutions currently ranks No. 39 on CRN’s 2021 Solution Provider 500 list and made CRN’s 2021 Fast Growth 150 list.
In terms of vendor partnerships, the company is a large Dell Technologies Titanium partner, Advanced AWS Consulting Partner, Intel Titanium, Pure Storage Elite, Platinum HPE partner as well as a Gold Cisco and Microsoft partner, to name a few.
In an interview with CRN in April, Converge Technology Solutions President Greg Berard said his company is striving to build one of the biggest solution providers in North America with a focus on cross-selling.
“Our goal has been to really build a very strong North American solution provider by making acquisitions and bringing these teams together to ultimately drive more value with their client base,” said Berard. “And our whole strategy has been built on the premise that we’re going to acquire companies with real deep client relationships, real strong vendor partnerships, and unique skills and capabilities that we can all leverage together as one organization.”
The company provides a slew of regional sales and services around advanced analytics, cloud, security and digital transformation.