Cloud ITechnology Series News SaaS

Converge Technology Solutions Corp. To Acquire Stone Group

Converge Technology Solutions Corp. To Acquire Stone Group
Converge enters the UK market with the company’s 35th acquisition.

Converge Technology Solutions Corp. a software-enabled IT & Cloud Solutions provider, is pleased to announce it has agreed to acquire UK-based Stone Technologies Group Limited, a trusted provider of Circular IT solutions for education institutions, as well as public and private sector organizations in the United Kingdom. Converge’s acquisition of Stone is subject to conditions, including regulatory approval under the United Kingdom National Security and Investments Act 2021, and is expected to close in the fourth quarter.

Stone has served the UK’s public and private sectors for over 30 years assisting thousands of organizations to adapt and thrive in a continually changing technology landscape, deploying market leading technologies, delivering personalized services, and providing reliable IT support. The company’s vision is to make a true and lasting impact on the way technology is sold, providing a full circular procurement cycle for clients for the good of the environment and future generations. With a focus on sustainability, Stone has made it easy for organizations to recycle their redundant technology through the innovative Stone 360 App.

Latest ITechnology News: Lightning AI Releases Cloud App Built on NVIDIA Omniverse to Generate 3D Synthetic Data

Commenting on the acquisition, Simon Harbridge, CEO of Stone Technologies stated, “We are delighted to be joining the Converge family. As a growing organization with a strong team and great platform for significant expansion in the UK and Europe, joining Converge is a benefit for both our clients and Stone employees. Becoming part of Converge will strengthen our ability to deliver an expanded technology portfolio and support the diverse needs of our clients. Additionally, there is a great cultural fit and the team at Converge will be fully aligned with our environmental and sustainability mission.”

“2022 has been a monumental year of growth for Converge in the European market,” stated Shaun Maine, CEO of Converge. “Along with our recent acquisitions in Germany, we are excited to leverage the knowledge and skills of Stone Group and its teams to continue enhancing our capabilities and offerings to our clients in the United Kingdom and European Union.”

Latest ITechnology News: Starburst Advances Data Product Functionality to Serve Cross-Border Use Cases

Stone Group marks the thirty-fifth acquisition announced by Converge or its affiliates since October 2017. Converge’s family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc.; Lighthouse Computer Systems, Inc.; Software Information Systems LLC.; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions PCD, Inc.; Unique Digital, Inc.; Workgroup Connections, Inc.; Vivvo Application Studios LTD.; Vicom Computer Services, Inc.; CarpeDatum LLC; Accudata Systems, Inc.; Dasher Technologies, Inc.; ExactlyIT, Inc.; REDNET GmbH; Vicom Infinity, Inc.; Infinity Systems Software, Inc.; LPA Software Solutions, LLC; OPIN Digital, Inc; Paragon Development Systems, Inc.; Visucom GmbH; 1CRM Systems Corp.; Interdynamix Systems; Creative Breakthroughs, Inc.; PC Specialists, Inc. d/b/a Technology Integration Group; GfdB, ImfB, and DEQSTER; Notarius; and Newcomp Analytics.

Latest ITechnology News: Samsung Tapped to Support Comcast’s 5G Connectivity Efforts

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Datalec Precision Installations (DPI) Appoints New Operations Manager to Strengthen Presence in Ireland

ITech News Desk

AI Meeting Assistant isLucid Jumps on Microsoft Teams Corporate Bandwagon

ITech News Desk

Ncc Group Reveals Threefold Increase In Targeted Ransomware Attacks In 2021

ITech News Desk