Converge Technology Solutions
We initiated a 1% position in Converge Technology Solutions (CTS.TO) in the Global Equity Growth Portfolio in June. Converge is executing a roll-up acquisition strategy, buying independent IT Service Providers (ITSPs) across North America. ITSPs help end users implement and manage technology solutions such as software, hardware, and servers from the original vendors (e.g., Microsoft or IBM), as well as ongoing managed services like analytics and cybersecurity. Read