ConvergeOne Acquires Amazon AWS Cloud Companion Prime TSR – ChannelE2E

by Ty Trumbull • Dec 20, 2021
ConvergeOne, backed by non-public fairness agency CVC Fund, has acquired Amazon Net Providers (AWS) accomplice Prime TSR, a modernization and cloud options consultancy, for an undisclosed sum.
That is expertise M&A deal quantity 787 that ChannelE2E has coated to this point in 2021. See all expertise M&A offers for 2021 and 2020 listed right here.
Based mostly in Chicago, Illinois, Prime TSR designs and implements cloud-focused software program and information platforms for its prospects. Based in 2013, the corporate creates customized cloud-based purposes and information platforms for Fortune 1000 corporations within the healthcare, insurance coverage {and professional} companies 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 modern, cloud-based options to our prospects. The Prime TSR staff shares our focus and dedication to ship modernization options that resolve advanced IT enterprise challenges. I’m thrilled to welcome Prime TSR to the ConvergeOne staff.”
Eugene Khazin, principal and co-founder, Prime TSR, stated:
“At Prime TSR, we empower our prospects 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 prospects by 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 modern options for our prospects that form the way forward for cloud, collaboration, and digital infrastructure expertise. We’re excited to affix ConvergeOne.”
Based mostly in Eagan, Minnesota, ConvergeOne offers cloud, collaboration and digital infrastructure options.
ConvergeOne serves greater than 10,400 prospects, together with 62% of the Fortune 100 and 48% of the Fortune 500 prospects throughout the healthcare, finance, manufacturing, training and power industries, the corporate says.
The corporate got here underneath scrutiny in early 2019 when Bloomberg reported {that a} ConvergeOne worker might have dedicated fraud, resulting in a possible $11 million stock writedown for the corporate.
ConvergeOne has been an energetic purchaser on the M&A entrance. Previous acquisitions embrace:
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