Canadian IT firm Converge Technology Solutions has acquired CarpeDatum Consulting, an IBM Analytics consulting company from Denver, Colorado. Terms of the deal were not disclosed.
This is M&A deal number one that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Converge calls the deal an "on-strategy, accretive acquisition." CarpeDatum’s expertise will be used to build out Converge’s capabilities surrounding AI, analytics and performance management, which will be added to its current North American offerings, the company said.
Founded in 1997, CarpeDatum is also an Alteryx Preferred Partner, which produces products for data science and analytics. Along with its headquarters in Colorado, CarpeDatum has offices in Los Angeles, Dallas and Chicago, according to its website.
Converge Acquires CarpeDatum: Scale and Grow
John Martin, managing partner at CarpeDatum, commented on the deal:
"We made our name by building solutions for customers that allow them to dig into their data and use it to its fullest extent. By joining Converge, we can bring that skillset and the tools we built from the ground up to more organizations so that they can realize the benefits these technologies bring with them."
Shaun Maine, CEO, Converge, said:
"Analytics and AI are no longer the future of IT; they have become the present. CarpeDatum has innovative tools and techniques that make these technologies accessible and easy to adopt and leverage to create business outcomes. The combination of our existing AI and machine learning capabilities combined with CarpeDatum's new skills around financial planning and forecasting will be a great addition to our AI and Analytics practice to allow us to scale and grow our Central and Western Regions. We look forward to bringing their expertise and offerings to our customers across North America."
Converge Technology’s Growth Strategy
Headquartered in Toronto, Ontario, Canada, Converge provides IT solutions throughout North America. The company is listed on the TSX Venture Exchange in Canada.
The acquisition of CarpeDatum is Converge's fifteenth since October 2017. The company announced the acquisition of Texas-based IT solutions provider Unique Digital Technology in October 2020.
Converge’s family of companies also includes PCD Solutions, Corus Group, Northern Micro, Becker-Carroll, Key Information Systems, BlueChip Tek, Lighthouse Computer Systems, Software Information Systems, Nordisk Systems, Essex Technology Group, Datatrend Technologies, VSS and the previously mentioned PCD Solutions.
