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Converge Technology Solutions Corp. To Acquire Gesellschaft für digitale Bildung ("GfdB"), Institut für moderne Bildung ("IfmB"), and DEQSTERTORONTO and GATINEAU, Québec, June 15, 2022 (GLOBE NEWSWIRE) -- Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a software-enabled IT & Cloud Solutions provider, is pleased to announce it has entered into a definitive agreement to acquire Germany-based organizations Gesellschaft für digitale Bildung (“GfdB”), Institut für moderne Bildung (“IfmB”), and DEQSTER. Headquartered in Germany, GfdB, IfmB, and DEQSTER are all education market focused organizations enabling schools and universities to implement their digital future. GfdB and IfmB are full-service IT suppliers for education, offering everything from hardware and software to advanced training and comprehensive technical/consulting services. DEQSTER specializes in the development and production of equipment for digital learning and working, with a broad portfolio comprising of tablet cases, protective sleeves, digital pencils, and more. With these acquisitions and in combination with previously acquired REDNET, A Converge Company, and Visucom, A Converge Company, Converge will be a leading education partner in the German market. The new alliance between GfdB, IfmB, DEQSTER, REDNET, and Visucom allows all organizations to enhance and strengthen their solutions, services, and offering, as well as develop new strategies to better serve the education sector in Germany. This enhanced portfolio will include a tailored 360° approach that furthers education to professional and managed services, logistics & system configuration, technical services, and parental financing. “As one of the leading providers of complete IT solutions for the education market for many years, GfdB has ensured digitalization in schools and education institutions is happening in a sustainable way,” stated Mathias Harms, CEO of Gesellschaft für digitale Bildung (GfdB). “Our new strategic partnership with Converge will allow us to significantly enlarge our range of products and services, as well as offer an even better 360° approach to our clients. Additionally, with the new alliance between Gesellschaft für digitale Bildung, Institut für moderne Bildung, DEQSTER, REDNET, A Converge Company, and Visucom, A Converge Company, we are excited to strengthen our competency in the areas of IT equipment and services for companies in the education sector.” “I am thrilled that our new partnership with Converge will allow us to enlarge our portfolio and to offer holistic solutions,” said Cuma Saado, CEO of DEQSTER. “By bundling DEQSTER's competencies with Converge’s portfolio of companies and strengthening cooperation, our sales partners will benefit since we can offer them a significantly more comprehensive service. As a manufacturer of equipment for digital learning and working, we will also address client wishes in a more targeted mannerand will be able to develop 360° solutions together, which are tailored perfectly to education institutions.” “Together with GfdB and IfmB, REDNET, A Converge Company, will be able to offer German educational institutions an even more thorough and holistic service portfolio aimed at making digital schools a success,” stated Barbara Weitzel, CEO of REDNET, A Converge Company. “With DEQSTER, we also have another accessory specialist for the education market, which further expands our joint portfolio following the acquisition of Visucom, A Converge Company.” “The additions of GfdB, IfmB, and DEQSTER to Converge’s portfolio of companies in Germany will be a major leap forward in our ability to strongly serve the German market,” stated Shaun Maine, CEO of Converge. “Building on the successes of REDNET, A Converge Company, and Visucom, A Converge Company, GfdB, DEQSTER, and IfmB will also allow us to become the leading education partner in Germany and will help us continue growing solution offerings and services for our clients in Europe.” GfdB, IfmB, and DEQSTER mark the thirty-second 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.; and PC Specialists, Inc. d/b/a Technology Integration Group. About GfdB About IfmB About DEQSTER About Converge For further information contact: |