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Converge Technology Solutions Corp.Announces Portage CyberTech Acquires 1CRM Systems Corp., Canadian Business Journal

Toronto and Gatineau, Quebec, March 1, 2022 (GLOBE NEWSWIRE) — Converge Technology Solutions Corp. (“”Converge” or society(TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) The software-enabled IT and cloud solution provider is its majority-owned subsidiary, Portage Cyber ​​Tech Inc. (“Portage CyberTech” or “Portage”) was announced. 1 Acquired CRM Systems Corp. 1CRM is the 28th acquisition by Converge or its affiliates and the second acquisition by Portage CyberTech, A Converge Company.

Headquartered in Victoria, Canada, 1CRM’s SaaS-based software suite has been deployed at thousands of client sites in North America, Europe and Australia. The 1CRM software runs in the cloud and on-premises and has the ability to handle day-to-day task management, marketing automation, sales and opportunities, order management, client services, and project management in a single system. This acquisition provides a set of key business management tools for clients to manage their business days, bringing more value to their customers and attracting more clients to our platform.

“We have evolved the 1CRM system by listening to client feedback and responding to client needs for over 17 years, and we are excited to be part of Portage CyberTech. [A Converge Company]”” Said Michael Whitehead, CEO of 1CRM. “Portage provides integration and customization services that further enhance the software, enabling current and new generation clients to experience its power in new ways.”

“We are pleased to welcome 1CRM to the Converge family,” said Don Cuthbertson, CTO of Converge and CEO of Portage Cyber ​​Tech, A Converge Company. “1 CRM addresses the critical needs of client business management and brings the expertise of Hyperledger Aries, an open source code for the development and storage of verifiable credentials, to further enhance Portage’s software resources. In addition, 1CRM complements Converge and Portage’s current SaaS solutions to complete Phase 1 of Portage’s growth strategy. “

1CRM Systems Corp. has generated approximately $ 820,000 in revenue over the last 12 months ending October 31, 2021. The purchase price is as follows. (I) $ 3 million in cash paid at the time of settlement. (Ii) Revenue payments totaling up to $ 2 million over the two years following the completion of the acquisition, based on the achievement of certain milestones.

1CRM Systems Corp. indicates that Converge or its affiliates have completed their 28th acquisition since October 2017. Converge’s corporate family also includes the Corus Group and LLC. Northern Micros; 10084182 Canada Inc. Is operated 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 Co., Ltd .; 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. ; And Visucom GmbH.

About 1 CRM
1CRM Systems specializes in cloud software solutions that provide integrated business information to small and medium-sized organizations while improving cost models and streamlining internal business processes. The company’s flagship product, 1CRM Enterprise Edition, is a cloud-based service that combines the best CRM with business management capabilities for accounting, project tracking, and service management. For more information, please visit 1CRM.com.

About Converge Company Portage Cyber ​​Tech
Portage CyberTech enhances trusted digital transactions between individuals, businesses and government agencies. Driven by some of the most ambitious digital projects and our desire to raise awareness among domestic and international clients, it consists of all digital experts in identity, access control, trusted services, communications and more. A dedicated team has created a designed solution. To reach your customers. For more information, please visit convertetp.com/portage-cybertech.

About Converge
Converge Technology Solutions Corp. is a software-enabled IT and cloud solution provider focused on delivering industry-leading solutions and services. Converge’s global solution approach provides clients in a variety of industries with advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace products. The company supports these solutions with advisory, implementation, and managed service expertise across all major IT vendors in the market. This multi-faceted approach enables Converge to meet the business and technology requirements specific to all public and private sector clients. For more information, please visit convertetp.com.

For more information, please contact:
Converge Technology Solutions Corporation.
Email: Investor@convertp.com
Phone number: 416-360-1495


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Converge Technology Solutions Corp.Announces Portage CyberTech Acquires 1CRM Systems Corp., Canadian Business Journal

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