Converge Technology Solutions Corp (CTS)

http://ih.advfn.com/stock-market/TSX/CTS/stock-news/84478269/converge-announces-fourth-quarter-and-fiscal-year

Looks like thier chart got destroyed in transition....

HATE when that happens - Got nuttin' to go by

Ah okay - Here we are - Last 5.54

https://www.stockwatch.com/Chart/Advanced

Looks like she's been pretty good to ya', no ?


Carry on - Sorry to interrupt

Today’s the first day on the TSX. Not too worried if it goes in the red a bit since it’s quite normal. Just glad they made it.

Looks like the institutional buying has begun. Already touched $6.48 this morning !

Had no doubt they would make it to the TSX. Proce closed yesterday @ $6.15
Touched $6.24 so far today, but the fun won’t begin until after Feb 11th

NEWS!!!
Converge Technology Solutions Corp. Receives Final Approval to Graduate to the Toronto Stock Exchange

TORONTO, Feb. 9, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has received final approval from the Toronto Stock Exchange ("TSX") to graduate from the TSX Venture Exchange ("TSXV") and list the Company's common shares ("Common Shares") on the TSX.
"Having successfully executed on our business objectives since listing on the TSXV and with further expansion on the horizon, a graduation to the TSX represents a natural progression for the Company," stated Shaun Maine, CEO of Converge. "Graduating to a senior exchange aligns appropriately with our focus to reach the broader investment community while improving liquidity for our valued shareholders."

The Common Shares will commence trading on the TSX at the opening of markets on Thursday, February 11, 2021 under the existing stock symbol "CTS". In connection with the listing of the Common Shares on the TSX, the last day of trading on the TSXV will be February 10, 2021 and the Common Shares will be delisted from the TSXV on February 11, 2021 upon commencement of trading on the TSX. Shareholders will not be required to take any action in connection with the graduation and listing on the TSX.

Upon listing on the TSX, and pursuant to the terms of the escrow agreements between the Company, Computershare Investor Services Inc., and certain security holders of the Company, an aggregate of 6,294,369 Common Shares currently held in escrow will be released. The number of outstanding Common Shares will not change as a result of the escrow release.

Well Friday’s close was $6.05
After some turbulence it might be headed up again. Should hear about an uplisting around Feb 17th which is likely. Even some good news would be perfect to this week for a boost.

$6.78 Amazing morning !

Already hit a new all time high of $6.74 and in the first 15 minutes of trading lol

Another amazing day touching a new record high of $6.35 and an all time high close of $6.33
People in other stock groups are starting to take notice now. Market cap should be $1B by the end of the month! Lets see how long it takes.

$6.15 ! (:

Already hitting an all time high of $6.08 this morning! $CTS.V is unstoppable

Nice! All time high close today @ $5.80

New record high of $5.92 already this morning! Yeah!

New record high close today of $5.57 and touched a new record high of $5.68

Already opened with a new record high of $5.65 !! BOOM

Well record high close on Friday @ $5.45.
Let’s see if this hits $6 this week. Knocking on wood

Great day with a record high close of $5.29
$7.50 is my next goal with Converge Technologies

Yesterday was great hitting an all time High of $5.39

Also with this news the company has $75M to get more done with acquisitions and running capital etc.

There is many people taking advantage of this little sale in the $4.90’s today. Very smart buying !

NEWS!!!!


Converge Technology Solutions Corp. Announces Upsize to Previously Announced Bought Deal Financing
January 06 2021 - 02:17PM
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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

GATINEAU, QC and TORONTO, Jan. 6, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it has entered into an amended agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (the "Underwriters"), to increase the size of its previously announced offering of common shares. Under the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 15.5 million common shares of the Company ("Offered Shares") at a price of $4.85 per Offered Share (the "Issue Price") for gross proceeds to the Company of $75.2 million (the "Offering").

In addition, Converge has granted the Underwriters an option, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the financing, to purchase up to an additional 2.3 million common shares of the Company solely to cover over-allotments, if any, and for market stabilization purposes. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the Offering will be $86.5 million.

Converge intends to use the net proceeds from the Offering for acquisitions, working capital and other general corporate purposes.

The Offering will be conducted in each of the provinces of Canada by way of a prospectus supplement to the Company's short form base shelf prospectus dated July 8, 2019 (the "Prospectus Supplement") and elsewhere on a private placement basis. Converge intends to file the Prospectus Supplement with the securities regulatory authorities in Canada, which will be available on SEDAR under the Company's profile at www.sedar.com.

The Offering is scheduled to close on or about January 15, 2021 and is subject to customary closing conditions, including listing of the Offered Shares on the TSX Venture Exchange and any required approvals of the exchange and applicable securities regulatory authorities.

The Offered Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States, its territories or possessions, any state of the United States or the District of Columbia (collectively, the "United States") except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any Offered Shares within the United States.

Nice record high close today @ $5.10 and it touched an all time high of $5.25. Someone bought $800k worth today so that’s nice to see!

Great news this morning with a record high of $5.25 !

NEWS!!!

y @newswire on 4 Jan 2021, 08:30
Converge Technology Solutions Corp. Acquires Vicom Computer Services, Inc.

Converge continues to grow with the acquisition of a C$128M revenue business, expanding its array of IT service offerings.

TORONTO and NEW YORK, Jan. 4, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has completed the acquisition of Vicom Computer Services, Inc., a full-service multi-cloud infrastructure provider.

Converge Technology Solutions Corp. (CNW Group/Converge Technology Solutions Corp.)

Vicom, an established, scaled solutions provider based in the US Northeast, has a rich history and focus on working with clients to align best-of-breed technologies with their desired business outcomes. With this acquisition, Converge gains an industry-leading team of architects and engineers who will accelerate the growth of the Company's practice areas, driving more value for its clients across North America.

Vicom will join the existing Converge footprint in the US Northeast, which includes Converge subsidiaries Lighthouse, Essextec, and VSS. This expansion provides Converge additional presence in key industries across financial services, healthcare, and state and local government.

"Joining the Converge family allows us to offer more solutions and services to our customers," said Robert Verola, CEO of Vicom. "Converge has great relationships with the best names in the IT industry, and we want our customers to have access to those technologies and the experts who know how to make the most of them."

"We are incredibly excited to join Converge Technology Solutions," said Vic Verola, President of Vicom. "Providing our customers with the most innovative solutions that drive business success has always been our goal. Joining the Converge family will help us deliver on that promise to our customers."

"Vicom isn't your typical IT solution provider. Their alignment with our core practice areas will drive immediate value to the Converge client base," said Greg Berard, President of Converge. "We continue to invest in our cloud, cybersecurity, and managed services solutions, and acquiring Vicom will help us grow and expand those offerings. We are excited to welcome Vicom's employees and their clients to the Converge family."

Vicom had trailing twelve month revenue and adjusted EBITDA of approximately C$128 million and C$6.6 million, respectively, for the period ending November 30, 2020. Consideration for the acquisition consisted of US$25 million in cash (approximately C$32 million) after adjusting for excess working capital, representing a purchase multiple of approximately 4.85 times LTM adjusted EBITDA.

Vicom is the seventeenth acquisition announced 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.; 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.; and will include CarpeDatum, LLC.

About Converge
Converge Technology Solutions Corp. is a North American software-enabled, Hybrid IT solution provider focused on delivering industry-leading solutions and services. Converge's regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries. The Company supports these solutions with talent expertise and digital infrastructure offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

About Vicom, A Converge Company
Vicom is a full-service multi-cloud infrastructure provider with a three-decade history of helping our customers drive business innovation. Vicom is one of the largest regional solution providers in the Northeast with over 100 team members servicing our customers. Our domains of expertise include multi-cloud solutions, networking, operations/service management, security, staff augmentation, and professional and managed services. Through a team of dedicated staff Vicom helps our customers deliver on the promise of digital transformation. For more information, visit vicomnet.com. Vicom was represented in this transaction by Martin Wolf, a leading M&A advisory firm serving the IT industry.

Yesterday had a nice close of $4.99 for a record close. Today is so far green! News will wait for the new year I guess.

Already hit $5.15 this morning. Now some healthy profit taking. I’m staying in. This will be over $6 within a month or 2

New record of $4.58 $$$. Who’s wants to join the fun? (:

Touching the all time high again of $4.50! Nice

Wow up 7.4% to a new all time high of $4.50
$$$$

Closed @ $4.19 yesterday and now some NEWS!!

Converge Technology Solutions Corp. Acquires Vivvo Application Studios Ltd.
NEWS PROVIDED BY
Converge Technology Solutions Corp.
Dec 22, 2020, 17:22 ET
REGINA, SK and GATINEAU, QC, Dec. 22, 2020 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF) announces that it has completed the acquisition of Vivvo Application Studios Ltd. (Vivvo™), a Canadian technology innovation organization that delivers a feature-rich, production-ready, proven identity-management-as-a-service (IDMAAS) platform that enables and accelerates digital transformation. Vivvo marks the sixteenth acquisition announced by Converge.

The acquisition of Vivvo will accelerate the time to market for Converge's TrustBuilder Platform, Converge's ground-breaking Digital Identity and Privacy solution based in Gatineau and will further contribute to the fast-emerging Gatineau innovation ecosystem.

News helped this spike up to $4.04 so far today!

NEWS!!!

Converge Technology Solutions Corp. Achieves Cisco CX Specialization Status
December 16 2020 - 01:30PM
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TORONTO, Dec. 16, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV:CTS) (FSE:0ZB) (OTCQX:CTSDF) a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce it has achieved Cisco CX Specialization status. The Company has secured this status by demonstrating its technical abilities and by enabling its customers to accelerate innovation, reduce risks, and achieve better business outcomes faster.

Converge Technology Solutions Corp. Logo (CNW Group/Converge Technology Solutions Corp.)

In recent years, it has become increasingly important to enable customers with sustainable lifecycle practices, which remains particularly true of Software as a Service (SaaS) solutions. Traditional methods of replacing legacy infrastructure and software are not a sustainable IT approach, thus working closely with clients to identify their requirements and how well their technologies are serving them is pivotal in creating success. Converge has a very mature customer success practice that is tailored to help enhance the customer experience in partnership with key software vendors. In addition to leveraging data from tools specifically designed to assist customers with their software adoption strategies, Converge can capitalize on the Cisco CX program by offering assessment-based services around Cisco products.

"We are ready, willing, and able to offer analytics-driven, expert guidance to our customers so they can realize the full value of their Cisco solutions," said Cory Reid, COO of Converge. "Using valuable insights from adoption and optimization tools, we can progress partnerships with our customers to build solutions that deliver on business-critical outcomes throughout the lifecycle of their Cisco products."

"User experience has always been a major driver of the way we do business," added Greg Berard, President of Converge. "Ensuring that our customers' investments continue to exceed their expectations is paramount to maintaining trusted relationships, thereby setting them up for success."

Some profit taking yesterday and looks like it is going green again.

$4.33 new all time high! Anyone else here in this as well or am I making money alone?

$4.16 !!

New all time high of $4.09 !

Just touched $4 pps , looking good!

Market Cap is now over 500M, let’s see if this brings in next level investors!

New all time high of $3.86

If anyone looks at the 6 month chart, it’s literally going uphill in a perfect line.

NEWS!!

Converge Technology Solutions Corp. Acquires Workgroup Connections, Inc.
December 02 2020 - 09:00PM
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TORONTO, Dec. 2, 2020 /CNW/ - Converge Technology Solutions Corp. ("Converge") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has acquired Workgroup Connections, Inc. ("Workgroup Connections" or the "Company"), a technology solutions company that helps businesses through leading-edge cloud, software development, and licensing services and solutions.

Got in here at $3.00 and currently $3.70

Let’s see how far this company can go. Dell approves of them 100%