Converge Technology Solutions Corp.Visuccom GmbH takes over the matching emitted barrier reverse convertibles

Converge continues its global growth with the company's second acquisition in Europe.

TORONTO, Ontario (Canada) and GATINEAU, Quebec (Canada), Feb.09, 2022(GLOBE NEWSWIRE) -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF), a provider of software-enabled IT and cloud solutions, announces that it has merged the Germany-based company Visucom GmbH with its subsidiary School Supplies 4.0 GmbH.

Visucom, with headquarters in Walzbachtal, Germany, and a further company representation in Haiger, has been a trusted supplier of professional screens, interactive boards, speakers, cameras, projectors, displays and media controls since 1987 for customers from the education sector and the public sector. The company also offers on-site installation and training and has an excellent reputation for impartial advice, planning and fitting of all market-leading media device manufacturers. In 2020, the company adopted School Supplies 4.0.

"We have worked very successfully with Visucom in recent years, which now perfectly complements our audiovisual offering as part of Converge. We are pleased that, with the help of Visucom, we can offer our public clients an even more comprehensive service and product portfolio from a lend a hand and continue to support their digitization efforts," says Barbara Weitzel, Managing Director of REDNET AG GmbH, A Converge Company.

"Visucom is pleased to join Converge. Together with REDNET AG, A Converge Company, we can offer our customers across Germany a broader range of services to complement Visucom's existing audiovisual media, including individually tailored professional and managed services", says Rüdiger Neller, CEO of Visucom.

"Converge is excited to start 2022 with another opportunity to continue our global expansion and better serve our customers in Europe," said Shaun Maine, CEO of Converge. "In addition to REDNET AG, A Converge Company, Visucom will strengthen our presence in Germany and allow us to expand the Converge name outside of North America."

Visucom GmbH is the 27th acquisition that Converge or its subsidiaries have completed since October 2017. The Converge 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.; CarpeDate LLC; Accudata Systems, Inc.; Dasher Technologies, Inc.; ExactlyIT, Inc.; REDNET AG; Vicom Infinity, Inc.; Infinity Systems Software, Inc.; LPA Software Solutions, LLC; OPIN Digital, Inc.; and Paragon Development Systems, Inc.

About Visucom GmbHSince 1987, Visucom GmbH has been a reliable partner for customers in the education sector and in the public sector. Beginning with offering data video projectors and installing and servicing boards, today Visucom is a reliable provider of professional screens, interactive boards, speakers, cameras, projectors, displays and media controls. Visucom has its headquarters in Walzbachtal, Germany, and a control cabinet construction in Haiger. You can find more information about Visucom GmbH at visucomgmbh.de/.

About ConvergeConverge Technology Solutions Corp. is a software-based IT and cloud solutions provider focused on providing industry-leading solutions and services. Converge's regional sales and service organizations deliver advanced analytics, cloud and cybersecurity solutions to customers across industries. The company supports its customers with solutions such as managed services, digital infrastructure and technical expertise across all major IT providers. This multifaceted approach enables Converge to meet the unique business and technology needs of all customers in the public and private sectors. Visit convergetp.com for more information.

For more information, contact: Converge Technology Solutions Corp. Email: investors@convergetp.com Phone: +1 416-360-1495