ConvergeOne Acquires Amazon AWS Cloud Companion Prime TSR – ChannelE2E

by Ty Trumbull • Dec 20, 2021
ConvergeOne, backed by personal fairness agency CVC Fund, has acquired Amazon Internet Providers (AWS) associate Prime TSR, a modernization and cloud options consultancy, for an undisclosed sum.
That is expertise M&A deal quantity 787 that ChannelE2E has coated thus far in 2021. See all expertise M&A offers for 2021 and 2020 listed right here.
Primarily based in Chicago, Illinois, Prime TSR designs and implements cloud-focused software program and knowledge platforms for its clients. Based in 2013, the corporate creates customized cloud-based purposes and knowledge platforms for Fortune 1000 firms within the healthcare, insurance coverage {and professional} providers markets.
John McKenna, Chairman and CEO, ConvergeOne
John A. McKenna Jr., chairman and CEO, ConvergeOne, commented:
“This acquisition is a perfect addition to the ConvergeOne portfolio and represents a pure development in our ongoing technique to ship progressive, cloud-based options to our clients. The Prime TSR crew shares our focus and dedication to ship modernization options that resolve complicated IT enterprise challenges. I’m thrilled to welcome Prime TSR to the ConvergeOne crew.”
Eugene Khazin, principal and co-founder, Prime TSR, stated:
“At Prime TSR, we empower our clients to appreciate their enterprise outcomes by untangling their most difficult IT circumstances. As a part of ConvergeOne, we are actually in a position to supply better worth to our clients by way of a nationwide market presence, a strategically rising portfolio of capabilities, and a shared imaginative and prescient for connecting individuals with objective.”
Josh Davidson, principal and co-founder, Prime TSR, added:
“Collectively, ConvergeOne and Prime TSR will create progressive options for our clients that form the way forward for cloud, collaboration, and digital infrastructure expertise. We’re excited to hitch ConvergeOne.”
Primarily based in Eagan, Minnesota, ConvergeOne offers cloud, collaboration and digital infrastructure options.
ConvergeOne serves greater than 10,400 clients, together with 62% of the Fortune 100 and 48% of the Fortune 500 clients throughout the healthcare, finance, manufacturing, schooling and vitality industries, the corporate says.
The corporate got here below scrutiny in early 2019 when Bloomberg reported {that a} ConvergeOne worker could have dedicated fraud, resulting in a possible $11 million stock writedown for the corporate.
ConvergeOne has been an lively purchaser on the M&A entrance. Previous acquisitions embody:
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