Converge Technology Solutions Acquires Software Information Systems, LLC

TORONTO, Jan. 21, 2019 /PRNewswire-PRWeb/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) announced today announced today that it has acquired all of the Class A membership interests in Software Information Systems, LLC ("SIS"), a South-Central US based partner focused on managed cloud delivery, compute efficiency, network optimization, storage optimization, and IT spend optimization, from VBS Holding Company, Inc. ("VBS"), whose owners include the current management team of SIS. The transaction gives Converge full control of, and economic interest in, SIS immediately. SIS brings highly skilled teams of experienced technology experts, business consultants, and industry thought leaders to Converge's fast growing platform.

SIS President & CEO Steve Sigg will continue in his role along with the rest of the existing SIS management team. Working with Steve, Converge will introduce its hybrid IT solutions including identity-based enterprise Blockchain, cognitive, cybersecurity, resiliency managed services and multi-cloud solutions to existing and new SIS customers while leveraging the SIS advanced managed cloud service offerings across North America.

SIS is a 36-year-old technology solutions and services company, collaborating with customers on innovative data center strategy, technology solutions in the cloud or on-premise to help customers drive impactful business results.

"The team at SIS has been committed to assisting our clients understand the challenges and benefits of public, private and hybrid cloud consumption. Our private cloud delivery solutions allow customers to self-provision and manage cross platform capabilities for IaaS, backup, resiliency, and security of their hosted workloads," said Steve Sigg. "We look forward to working with the Converge companies to bring SIS competencies to their clients and introduce the expansive Converge product and service portfolio to our existing clients."

"We are thrilled that SIS is joining the Converge family of companies," said Shaun Maine, CEO of Converge. "SIS adds full scale managed services and cross platform cloud solutions, which when combined with the capabilities of Microsoft Azure from Corus360; Amazon Web Services form BlueChip Tek; cloud, cognitive and cybersecurity from Essex; and software and Red Hat from Lighthouse add significant capabilities to the Hybrid IT solutions Converge can offer to its customers. This acquisition solidifies Converge as a major Hybrid IT provider in North America."

SIS marks the eighth transaction 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.; and Essex Technology Group, Inc.

About Converge
Converge Technology Solutions Corp. combines innovation accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The Company is building a platform of regionally-focused Hybrid IT solutions providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services, enabling Converge to address the business and IT issues that public and private-sector organizations face today. For more information, visit http://www.convergetp.com.

About SIS
SIS is a nationally-recognized, leading technology and managed IT solutions provider helping clients design, optimize and support mission-critical assets. Regionally-focused teams across the country solve challenges and design solutions, leaving more time for clients to devote resources to core business strategies. SIS' proven methodology, experienced professionals and innovative technologies provide the highest quality of IT service to more than 1,300 clients, both large and small. For more information, visit http://www.thinkSIS.com

Notice to Reader: Use of Forward-Looking Statements

• 1. Forward Looking Information
• This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected" "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts". "estimates", "believes" or intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Except as required by law, Converge assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change. The reader is cautioned not to place undue reliance on forward-looking statements.

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SOURCE Converge Technology Solutions