“We expect PCD Solutions’ sales and solutions strength to enhance our capabilities.”
The acquisition consists of a combination of cash, promissory notes, and annual earn-out payments over a period of three years. As part of the deal, PCD Solutions’ customers and team, consisting of technology experts, business consultants, and thought leaders, will join Converge.
PCD Solutions co-presidents Carl Deschênes and Pierre Cayouette will continue in their roles, along with the existing PCD Solutions management team.
Converge Technology Solutions is building a national platform of regionally focused IT infrastructure firms in the United States (US) and Canada. The company aims to bring together leading IT solution providers with the expertise needed to meet client demands. PCD Solutions focuses on enterprise system architecture, storage and information management, virtualization and the cloud, business continuity, and disaster recovery.
Converge Technology said it plans to introduce its software-enabled hybrid IT solutions, such as identity-based cognitive, cybersecurity, resiliency managed services as well as multi-cloud solutions and enterprise blockchain, to existing and new PCD Solutions customers. The Toronto company will also leverage PCD Solutions specializations such as its datacenter, cloud architecture, and storage to Converge clients across North America.
“We expect PCD Solutions’ sales and solutions strength to enhance our capabilities in becoming a dominant software-enabled hybrid IT provider in the Quebec and Canadian marketplace, as it builds on the platforms we have created with our previous acquisitions,” said Shaun Maine, CEO of Converge. “PCD Solutions also brings a level of expertise around VMware that will allow us to continue to drive value with our Converge Hybrid cloud offerings to our clients.”
The acquisition of PCD Solutions marks Converge Technology Solutions’ 12th acquisition since October 2017. Most recently, BetaKit reported that Converge Technology Solutions acquired Essex Technology Group, a New Jersey-based cloud, cognitive, and cybersecurity solution provider.
StartUp HERE Toronto is a publishing partner of Betakit and this article was originally published on their site.