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In June 2023, Converge Technology Solutions Corp., a Toronto-based IT and cloud solutions provider, announced its acquisition of Newcomp Analytics, a fellow Toronto-based company specializing in data analytics, artificial intelligence, and machine learning solutions. The deal strengthens Converge’s analytics and AI capabilities, aligning with its strategic focus on digital transformation services. As a recognized IBM Gold Partner, Newcomp brings a robust portfolio of data-focused solutions and a strong client base across Canada. This acquisition represents a key step in Converge’s continued expansion within the Canadian market and its commitment to enhancing its advanced analytics offerings.
Parties
Company
Converge Technology Solutions
Company
Newcomp Analytics
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 20,300,000Deal Status
ClosedClosing Date
09 September 2022