Venture Technologies, Inc., a leading solutions integrator
headquartered in Ridgeland, Mississippi, recently announced its
planned sale to ConvergeOne Holdings, Inc. (Nasdaq: CVON), a
leading global IT services provider of collaboration and technology
solutions. WhiteLight Group, a business application consulting
entity acquired by Venture Technologies in 2016, is not included in
this transaction. Venture Technologies delivers premise
infrastructure solutions, collaboration solutions, and cloud
services to businesses nationwide. Completion of the transaction is
expected to occur within 30 days.
“This acquisition will complement ConvergeOne’s
already comprehensive portfolio and expand the collaboration
solutions we offer customers today,” said John A. McKenna Jr.,
Chairman and CEO, ConvergeOne. “Venture Technologies has a strong
portfolio of cloud and data center services, as well as business
expertise in the education, healthcare, and financial services
verticals. This acquisition will enable ConvergeOne to increase our
presence in the southern and western United States and advance our
leadership position as a single-source provider of collaboration
cloud offers, services, and support.”
ConvergeOne serves as a trusted advisor to more
than 10,400 customers, including 62 percent of the Fortune 100 and
48 percent of the Fortune 500 customers across the healthcare,
finance, manufacturing, education, and energy industries.
Growth through acquisition is an integral part
of ConvergeOne’s long-term business strategy to develop a
comprehensive portfolio that provides one of the broadest and
deepest solution offers in the industry.
“Venture Technologies’ 32 years of success is
grounded in the principles of honoring commitments and treating our
staff, customers and technology partners with integrity and
respect,” said Gerard Gibert, CEO, Venture Technologies.
“From initial discussions with ConvergeOne, it was evident that our
companies share these values. By joining ConvergeOne, our customers
will gain access to a broader solutions portfolio, and our staff
will have access to expanded opportunities afforded by a growing,
nationwide organization. We are thrilled to be joining the
ConvergeOne team.”
DH Capital served as exclusive financial advisor
to Venture Technologies and Baker, Donelson, Bearman, Caldwell
& Berkowitz, PC acted as legal advisor to Venture Technologies
in connection with the transaction. O’Melveny & Myers LLP acted
as legal advisor and KPMG served as accounting advisor to
ConvergeOne in connection with the transaction.
About Venture
TechnologiesVenture Technologies, Inc. is a premier IT
solutions provider that delivers Premise Infrastructure Solutions,
Collaboration Solutions and, VTCloud® Services and Business
Applications Consulting Services to private and public
organizations throughout the United States and abroad. Venture
Technologies offers a powerful convergence of technology
infrastructure and business applications, providing expanded
services, security and reliability. More information is available
at www.ventech.com.
About ConvergeOneFounded in
1993, ConvergeOne is a leading global IT services provider of
collaboration and technology solutions for large and medium
enterprises with decades of experience assisting customers to
transform their digital infrastructure and realize a return on
investment. Over 10,400 enterprise and mid-market customers trust
ConvergeOne with collaboration, enterprise networking, data center,
cloud and security solutions to achieve business outcomes. Our
investments in cloud infrastructure and managed services provide
transformational opportunities for customers to achieve financial
and operational benefits with leading technologies. ConvergeOne has
partnerships with more than 300 global industry leaders, including
Avaya, Cisco, IBM, Genesys and Microsoft to customize specific
business outcomes. We deliver solutions with a full lifecycle
approach including strategy, design and implementation with
professional, managed and support services. ConvergeOne holds more
than 6,000 technical certifications across hundreds of engineers
throughout North America including three Customer Success Centers.
More information is available at convergeone.com.
About DH CapitalDH Capital is a
private investment banking partnership serving companies in the
Internet infrastructure, software & IT services, and
communications sectors. Headquartered in New York City with offices
in Boulder, Colorado, the firm’s principals have extensive
experience and proven abilities in capital formation, finance,
research, business development, and operations. DH Capital provides
a full range of advisory services to companies and financial
institutions, including mergers and acquisitions, private capital
placements, financial restructuring, and operational consulting. DH
Capital has completed 171 transactions and private capital
placements totaling more than $23 billion in value.
Forward-Looking StatementsThis
press release includes "forward-looking statements" including, but
not limited to, statements relating to the integration of Venture
Technologies, the operation of the Venture Technologies business
and the achievement of synergies and efficiencies, in each case
following the acquisition. These forward-looking statements reflect
ConvergeOne's current views and information currently available.
This information is, where applicable, based on assumptions that
ConvergeOne believes, as of the date hereof, provide a reasonable
basis for the information contained herein. Forward-looking
statements can generally be identified by the use of
forward-looking words such as “may,” "will", "would", "could",
"expect" or other similar words, and include statements regarding
ConvergeOne's plans, strategies, objectives and targets.
These forward-looking statements involve known
and unknown risks, uncertainties and other factors, many of which
are outside the control of ConvergeOne. These risks, uncertainties,
assumptions and other important factors include, but are not
limited to: (1) the possibility that ConvergeOne may be adversely
affected by economic, business, and/or competitive factors; (2)
ConvergeOne's ability to identify and integrate acquisitions and
achieve expected synergies and operating efficiencies in connection
with acquired businesses; (3) changes in applicable laws or
regulations; and (4) other risks and uncertainties indicated from
time to time in the reports ConvergeOne files with the Securities
and Exchange Commission including its Annual Reports on Form 10-K
and Quarterly Reports on Form 10-Q.
Actual results, performance or achievements may
differ materially, and potentially adversely, from any
forward-looking statements and the assumptions on which those vary
from forward-looking statements are based. You are cautioned not to
place undue reliance on forward-looking statements as a predictor
of future performance as such statements are inherently subject to
various significant risks, uncertainties and other factors, many of
which are beyond ConvergeOne’s control. All information herein
speaks only as of the date hereof. Except as required under
applicable law, ConvergeOne undertakes no duty to update or revise
the information contained herein.
Contact:DH
Capital212-774-3720www.dhcapital.com
Convergeone Holdings, Inc. (MM) (NASDAQ:CVON)
過去 株価チャート
から 5 2024 まで 6 2024
Convergeone Holdings, Inc. (MM) (NASDAQ:CVON)
過去 株価チャート
から 6 2023 まで 6 2024