Le Lézard
Subject: Merger/Acquisition

Convergint Acquires Panavidéo Inc., Expanding Systems Integration Business in Canada


Convergint, a global leader in service-based systems integration, today announced that it has acquired Panavidéo Inc.?a Canada-headquartered integrator that specializes in the design, implementation, and servicing of intricate, cutting-edge access control and video security solutions throughout Quebec. This acquisition enhances Convergint's service to customers in Canada, expanding its technology capabilities in the utilities, higher education, healthcare, and data center markets.

Founded in 1969, Panavidéo is a leading security systems integrator that meets customers' complex business and security challenges with advanced and emerging IP video and access control technologies. Bringing nearly 40 local colleagues to Convergint, Panavidéo's strong market presence throughout Quebec will enable Convergint to better service its customers in the region and accelerate growth ? building on the integrator's already extensive and established network of customers and partnerships across Canada.

"As customer demand for advanced access control and video surveillance technology continues to grow, Convergint is focused on delivering the most secure, comprehensive, and innovative solutions in the market," said Ann Fandozzi, CEO, Convergint. "This acquisition extends our capabilities in Canada to benefit both global and regional customers ? and we're thrilled to welcome Panavidéo colleagues to Convergint Nation."

"Joining forces with Convergint enables Panavidéo to continue delivering best-in-class service to our growing customer base, while giving us the resources to expand our business with global enterprises," said Maxime Boivin, Panavidéo. "Convergint shares our strong corporate culture, commitment to emerging technology, and drive to be our customers' best service provider ? we look forward to expanding our combined reach and creating new opportunities for our customers and colleagues."

About Convergint

Convergint is a $2.5 billion USD global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine's Top Systems Integrators Report for the past 6 years, Convergint leads with over 10,000 colleagues and more than 220 locations worldwide. To learn more about Convergint, visit www.convergint.com.



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