An archive of past spotlight issues.
The martinwolf team tracks noteworthy mergers and acquisitions, and offers
commentary on issues that impact our industry.
"We are excited to, once again, join this ever-growing Cloud company that offers our customers a path into the future.”
-Robert Verola, former CEO of Vicom and Co-Owner of Vicom Infinity
martinwolf Represented Vicom Infinity and Infinity Systems Software in Acquisition by Converge Technology Solutions
Scottsdale, Arizona (July 1, 2021) – Converge Technology Solutions Corp. (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a software-enabled IT & Cloud Solutions provider, announced it has signed definitive agreements to acquire Vicom Infinity, Inc. and Infinity Systems Software, Inc.
Vicom Infinity and Infinity Systems Software were represented by martinwolf, a leading M&A advisory firm serving the middle market IT industry. It marks the firm’s thirteenth transaction in the past seven months.
Vicom Infinity, a world-class IBM mainframe solutions provider, focuses its philosophy on combining proven technology with the infinite possibilities of innovative thinking to transform IT functionality. Infinity Systems Software has been a leading supplier of software and services for IBM platforms for more than 20 years. Sister company to Vicom Infinity, Infinity Systems Software is proficient in IBM mainframe and offers a wide range of services including IT consulting, applications development, managed services, legacy modernization, disaster recovery, and customization.
Both organizations will join the existing Converge footprint in the U.S. Northeast, which includes Converge subsidiaries Lighthouse, Essextec, VSS, and Vicom Computer Services. The addition of Vicom Infinity and Infinity Systems Software will add to the Vicom group of companies within Converge and provide increased resources and client offerings, specifically in the area of IBM solutions and high-availability environments.
Tom Amodio, President of Vicom Infinity and Infinity Systems Software:
“The addition of Vicom Infinity and Infinity Systems Software to Converge’s family of companies will round out Converge’s IBM solution stack and make Converge one of the most powerful IBM business partners in North America,”
Robert Verola, former CEO of Vicom and Co-Owner of Vicom Infinity:
“This acquisition will also bring together the Vicom family of companies, which have been a strong unit and historical power-house in the New York metropolitan area for decades. We are excited to, once again, join this ever-growing Cloud company that offers our customers a path into the future.”
Greg Berard, President of Converge:
“We are thrilled to announce that we will add Vicom Infinity and Infinity Systems Software to the growing Converge portfolio of companies across North America. With this upcoming acquisition we will have the ability to resell the entire IBM portfolio, including Mainframe, which will continue to strengthen our partnership with IBM and Red Hat. Vicom Infinity and Infinity Systems Software will play a critical role in our sustained efforts to expand the depth and breadth of cloud and software solutions we offer our clients. Their expertise in IBM platforms, mainframe environments, and application modernization skills will greatly expand Converge’s ability to continuously meet and exceed our clients’ business needs.”
About Vicom Infinity & Infinity Systems Software
Vicom Infinity provides processing solutions for high-availability environments to ensure seamless IT transformation development. Vicom Infinity architects, implements, and supports customized solutions that fit the unique needs of each specific client and are widely known for their expertise in optimizing legacy investments while introducing new technologies and capabilities. Infinity Systems Software, sister company to Vicom Infinity, has been a leading software supplier and services provider for IBM platforms for more than 20 years. Infinity Systems Software is highly skilled in IBM mainframe environments, from legacy systems to IBM’s sophisticated System z mainframes, including Linux-based platforms.
Together, Vicom Infinity and Infinity Systems Software bring a wealth of experience and expertise in IBM data center environments. By combining technology tools and business objectives, both organizations jointly deliver unique insight into IBM’s technology roadmap and help clients find the right strategy to achieve business success. For more information, visit https://vicominfinity.com/
Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, and cybersecurity offerings to clients across various industries. The Company supports these solutions with managed services, digital infrastructure, and talent expertise 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