Mergers and Acquisitions, Mergers and Acquisitions, Content

Converge Technology Partners Acquires Key Information Systems

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Converge Technology Partners has acquired IBM-partner Key Information Systems (KeyInfo) for an undisclosed figure. The deal is part of the company’s plan to build a national platform of regionally-focused IT infrastructure firms in the US and Canada.

KeyInfo is based in Agoura Hills, California. Converge CEO and president, Shaun Maine, says the acquisition fulfills the West Coast phase of the firm’s goal by giving both companies expanded service offerings and growth opportunities. The deal will also help expand Converge’s identity-based enterprise blockchain capabilities, the CEO said.

With its Object Storage as a Service (STaaS) offering, KeyInfo manages large quantities of customer data, particularly in its unstructured form. KeyInfo was an early adopter of cloud computing solutions and has grown its business over the last 20 years to serve clients in the healthcare, retail, financial, and other critical industries. The company maintains SOC 1, SOC 2, and HIPAA compliances.

Converge says it intends to merge KeyInfo with its own Corus360 cloud business to “leverage best practices and assets across both organizations.” Both companies have made significant investments in cloud-driven technology and each brings a sizable list of subscribers. The result of fusing the two cloud services will mean “a more attentive service level and an elevated customer experience,” the firm says.

There was no word on how the deal might impact management structure at the acquired company.

Converge’s last big deal came late last year when it acquired Canadian-based Northern Micro and united two Canadian IT companies.