IT and cloud solutions provider Converge Technology Solutions has acquired Canadian company Newcomp Analytics for an undisclosed amount.
This is the 882nd technology M&A deal that ChannelE2E has covered so far in 2022. View over 2000 technology M&A deals involving MSPs, MSSPs and IT Service Providers here.
Converge Technology Solutions, founded in 2017, is headquartered in Toronto, Ontario, Canada. The company has 1,085 employees listed on LinkedIn. Converge’s areas of expertise include advanced analytics, cloud and cyber security offerings for clients across various industries, as well as managed services, digital infrastructure and talent experience offerings across all major IT vendors in the market.
Newcomp Analytics, founded in 1986, is headquartered in Thornhill, Ontario, Canada. The company has 60 employees listed on LinkedIn. Newcomp’s areas of expertise include Business Intelligence, Business Analytics, Performance Management, Predictive Analytics, Information Management, Machine Learning, Data Science, Alteryx, Tableau, DataRobot, IBM, Training and Education, Snowflake, Data Visualization, advanced analytics, data governance, deep learning analytics, data engineering, text analytics, automated workflows, and structured and unstructured data.
Newcomp serves clients in Canada, the United States and the Caribbean. The company works with clients in a variety of sectors, including government, banking, education, health care, financial services, retail, and the public sector.
Converge Acquires Newcomp: Leadership Perspective
Michael Langton, President of Newcomp Analytics, commented:
“Newcomp Analytics is very excited to be welcomed into the Converge family, allowing us to bring our modern data analytics expertise to the global marketplace. Converge’s extensive technology partnerships and strong client base present a significant opportunity for our team to continue its journey as a trusted analytics advisor to clients across industries.”
Greg Berard, North American President and CEO of Converge, said:
“Converge is pleased to expand our advanced analytics portfolio and offerings with the addition of Newcomp Analytics. Newcomp Analytics will greatly enhance Converge’s ability to help our customers further target and deepen their understanding and analysis of their data. His technical expertise and years of experience will help us create more value in Canada with our clients and give us more depth and breadth in our North American analytics organization.”
Converge M&A Growth
This is the thirty-fourth acquisition announced by Converge or one of its affiliates since October 2017. In September 2022, Converge acquired Newcomp Analytics, the UK-based Stone Technologies Group Limited’s AI and analytics consultancy. United. In June 2022, the company purchased three German companies focused on the education market for approximately $25.9 million. In May 2022, it purchased PC Specialists, doing business as Technology Integration Group (TIG).
Converge also acquired 1CRM, a Saas-based provider of task management, marketing automation, sales and opportunity, order management, customer service and project management solutions in Victoria, British Columbia, Canada. Prior to that, it purchased Interdynamix (IDX), a Canadian integrator of business solutions and engineered systems.