공시 • Apr 15
Converge Technology Solutions Unveils Data & Ai Design Studio to Supercharge Organizations' Path to AI Maturity Converge Technology Solutions Corp. announced Data & AI Design Studio, a comprehensive program designed to guide businesses at every stage of their artificial intelligence (AI) journey. Companies are prioritizing AI investment as a critical driver for innovation across industries but have faced roadblocks in turning investment into action and creating measurable impact and value from AI. Converge's Data & AI Design Studio will bridge this gap for IT teams by providing a holistic framework that ensures AI initiatives are impactful, cost-effective, and aligned with business goals. The challenges facing AI implementation projects are complex as organizations look to unravel challenges stemming from data quality, privacy and security, IT infrastructure, and even financial justification. Barriers to implementation continue to result in too many AI projects getting stuck in proof-of-concept limbo, showing promise but never making it to production. Businesses on an AI journey demand a strategic approach that addresses governance, data integrity, financial justification, and vendor partnerships. Converge's outcomes-driven Data & AI Design Studio tackles the human-centered challenges enterprises face and empowers clients to move beyond AI experimentation and into execution. With deep industry knowledge, robust security and compliance standards, and a tailored approach to AI implementation, Converge helps businesses integrate AI seamlessly to maximize ROI, all while mitigating risks. Not all companies start at the same place in their AI journey. The Data & AI Design Studio offers customers a simple maturity curve to identify their current stage and workshops to help organizations build an AI implementation strategy, including: AI Briefing - an organizationally tailored high-level sample workshop designed to bridge gaps in understanding AI, its tools, and large language models (LLMs), as well as potentially uncover AI use cases within the enterprise. AI Ideation Workshop - a workshop session designed to guide leaders in identifying AI use cases within their organization that align and support the achievement of key business goals. Use Case Assessment Roadmap - a deep dive exercise tailored for companies ready to advance their AI journey. Focused on evaluating and prioritizing AI use cases, building business cases for key initiatives, and establishing a strategic vision for the organization's future. AI Design Thinking - a workshop for groups with an identified AI use case they are considering advancing. This session confirms or establishes perspectives on business viability, implementation complexity, impact, and ROI, providing the clarity needed to make informed go/no-go decisions. AI Solution Design - a multi-week technical design initiative for organizations with a strong idea for an AI solution they are ready to invest in. This exercise arms teams with everything needed to implement vision, from technical architecture and product backlog to wireframes and project plans. Whether you're in the early stages of exploring AI applications or scaling enterprise-wide initiatives, Converge provides the expertise, infrastructure, and support needed for success. Discover AI maturity by completing Converge's AI Journey Assessment here. To learn more about Data & AI Design Studioclick here. 공시 • Feb 10
Converge Technology Solutions Corp. to Report Q4, 2024 Results on Mar 06, 2025 Converge Technology Solutions Corp. announced that they will report Q4, 2024 results on Mar 06, 2025 공시 • Feb 08
Converge Technology Solutions Corp. and Mainline Information Systems, LLC Announce Greg Berard to Serve as Chief Executive Officer and Jeff Dobbelaere to Serve as President of Combined Business Converge Technology Solutions Corp. announced it has entered into an arrangement agreement with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding
common shares of the Company (the "Transaction"). The combined business will be led by a proven management team that reflects the strengths and capabilities of both organizations. Following the closing, Converge Chief Executive Officer Greg Berard will serve as Chief Executive Officer of the combined business and Mainline President and Chief Executive Officer Jeff Dobbelaere will serve as President. 공시 • Feb 07
Converge Technology Intends to Apply to Delist the Common Shares from All Public Markets Converge Technology Solutions Corp. announced it has entered into an arrangement agreement (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Company (the "Transaction"). Under the terms of the Arrangement Agreement, shareholders will receive CAD 5.50 per Common Share in cash, other than Common Shares held by certain shareholders who enter into rollover equity agreements (the "Rollover Shareholders"). The purchase price of the Transaction values Converge at an enterprise value of approximately CAD 1.3 billion. Upon completion of the Transaction, the Company intends to apply to delist the Common Shares from all public markets and cease to be a reporting issuer under Canadian securities laws. Declared Dividend • Nov 16
Third quarter dividend of CA$0.015 announced Shareholders will receive a dividend of CA$0.015. Ex-date: 10th December 2024 Payment date: 27th December 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (4% cash payout ratio). The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. Reported Earnings • Nov 13
Third quarter 2024 earnings released: CA$0.017 loss per share (vs CA$0.009 loss in 3Q 2023) Third quarter 2024 results: CA$0.017 loss per share (further deteriorated from CA$0.009 loss in 3Q 2023). Revenue: CA$630.7m (down 11% from 3Q 2023). Net loss: CA$3.31m (loss widened 84% from 3Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. 
