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ConvergeOne: Alleged Fraud Complicates $1.2 Billion Debt Efforts

ConvergeOne faces $11 million writedown after potential employee fraud, report says. Lenders are struggling to sell $1.2 billion worth of loans tied to ConvergeOne’s 2018 company sale.

ConvergeOne Acquires Cisco Partner Venture Technologies

ConvergeOne acquires Venture Technologies, a solutions integrator & private cloud provider that partners with Cisco Systems, Dell EMC, VMware & Pure Storage.

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ConvergeOne Up for Sale Amid Private Equity Buyer Interest?

ConvergeOne is exploring a potential sale after the IT service provider attracted buyout interest from private equity firms, a report says. ConvergeOne’s current valuation is about $700 million.

ConvergeOne Acquires Advantel Networks; Gains West Coast Reach

ConvergeOne acquires Advantel Networks. Gains West Coast reach, collaboration customer base and growing managed services provider (MSP) expertise.

ConvergeOne Acquires Arrow Electronics’ Systems Integration Business

ConvergeOne remains in acquisition mode, this time signing an agreement to acquire Arrow Electronics’ Systems Integration business.

ConvergeOne Acquires Microsoft, Cisco Partner AOS; Preps for IPO

ConvergeOne acquires Alexander Open Systems (AOS), a Microsoft & Cisco Systems partner with managed services expertise. ConvergeOne will pursue an IPO.

ConvergeOne Buys Cisco, Avaya Partner SPS (Strategic Products and Services)

ConvergeOne acquires Cisco Systems & Avaya partner Strategic Products and Services (SPS). It’s ConvergeOne’s second buyout in a month and 14th overall.

ConvergeOne Acquires Cisco, VMware Partner Annese & Associates

ConvergeOne acquires Annese & Associates, a Cisco Systems (CSCO), VMware (VMW) and NetApp (NTAP) partner focused on professional, managed & cloud services.

Money Coins Costs

ConvergeOne Buys MSP, Cisco Gold Partner SIGMAnet

The IT channel’s 5th M&A deal of the week may rank among the biggest acquisitions in terms of MSP and IT services headcount.

5 Channel Partner Updates: Tuesday 17 March 2020

Today’s channel partner updates involve Alfresco, ConvergeOne, Cysurance, FalconStor, Kaseya, Microsoft Azure, Sol-Tech, Windstream, TSG & more.