Converge Technology Solutions Acquires PCD Solutions

Converge Technology Solutions (TSXV:CTS,OTCQX:CTSDF) has acquired all of the issued and outstanding shares of system architecture and information management firm PCD Solutions.

As quoted in the press release:

PCD Solutions brings its customers and highly skilled teams comprised of experienced technology experts, business consultants, and industry thought leaders to Converge’s fast growing platform.

PCD Solutions generated revenue of approximately $33 million for the trailing twelve month period ended November 30, 2019. Consideration for the purchase consisted of a combination of cash, promissory notes and annual earn-out payments over three years.

Click here to read the full press release.