Toronto-based Converge Technology Solutions has acquired Essex Technology Group (Essextec), a New Jersey-based cloud, cognitive, and cybersecurity solution provider. The price of the acquisition was not disclosed.
Headquartered in Toronto, Converge Technologies has offices across the US, UK, and Canada.
Converge Technology, which is building a national platform of regionally focused IT infrastructure firms in the US and Canada, has previously used Essextec’s AI, cybersecurity, and data analytics products and services. It plans to continue to use Essextec’s technology in order to bring software-enabled hybrid IT solutions to its customers.
“The team at Essextec aligns [with] our current solution areas and helps organizations solve IT challenges by applying innovative cloud, cognitive, and cybersecurity technologies,” said Greg Berard, president of Converge Technology. “The skills and capabilities that Essextec brings to our client base across North America will help us continue to differentiate ourselves and drive significant value as we position the right strategic solutions with our key technology partners and clients.”
Converge Technology aims to bring together leading IT solution providers with the expertise needed to meet client demands. It does this by providing cloud platforms and services, blockchain technologies, resiliency solutions, and managed services, as well as access to business accelerators. Though headquartered in Toronto, has offices across Canada, the US, and the UK.
Founded in 2017, the company has made five acquisitions since October 2017, including Corus360, Northern Micro, Becker-Carroll, Key Information Systems, and BlueChipTek. Converge Technology began trading on the TSX Venture Exchange last year. Some of its offerings include hybrid architecture IT, cloud adoption, integrated collaboration solutions, cybersecurity assistance, and identity management.
Using modern machine learning and AI capabilities, the Essextec team assists customers in deploying natural language processing, conversational user interfaces, voice interaction, image recognition, and text analytics to various business problems.
“We are excited for the Converge family of companies to have continued access to Essextec’s capabilities for our customers and to make Converge’s Hybrid IT services accessible to the Essextec customer base,” said Shaun Maine, CEO of Converge. “Essextec has proven its ability to deliver artificial intelligence, cybersecurity, and cloud solutions to forward-thinking organizations … Converge has been working together with the Essextec team since Q4 of last year, and we are delighted to now bring Essextec into the Converge family.”
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