Converge Technology Solutions Gets Shareholder Approval for Acquisition by H.I.G. Capital
April 10, 2025 - 19:32
Converge Technology Solutions Corp. has announced that its shareholders have overwhelmingly approved the acquisition by H.I.G. Capital. This significant decision marks a pivotal moment for the company, which has been focused on expanding its capabilities and market presence. The approval comes after a thorough review process and reflects the shareholders' confidence in the strategic direction of the company under new ownership.
The acquisition is expected to enhance Converge's growth trajectory and provide additional resources to further develop its innovative technology solutions. With H.I.G. Capital's backing, Converge aims to leverage new opportunities in the technology sector, positioning itself for long-term success.
The transaction is anticipated to close in the coming weeks, subject to customary closing conditions. Converge's leadership expressed gratitude to its shareholders for their support and looks forward to embarking on this new chapter. The company remains committed to delivering exceptional value to its clients and stakeholders as it transitions into this new phase of development.
MORE NEWS
August 9, 2026 - 18:31
County agenda features tax, technology and fairgroundsThe meeting will center on how to fund the ongoing fairgrounds project, a long-discussed priority for the county. Officials are expected to review the latest cost estimates and possible revenue...
August 9, 2026 - 00:24
‘AI slop’ crackdown: LinkedIn, Snap target low-quality gen-AI contentSocial platforms are starting to push back against the flood of generic, machine-generated posts, but they are doing so carefully. LinkedIn and Snap have both announced new measures aimed at...
August 8, 2026 - 05:47
Why GigaCloud Technology (GCT) Is Up 21.7% After Strong Q2 Results And New Buyback PlanGigaCloud Technology saw its stock surge 21.7% in early trading following the release of its second-quarter financial results and the announcement of a new capital return program. The company...
August 7, 2026 - 22:40
As FDA Approves First-Ever mRNA Flu Vaccine For Older Adults, Past KFF Polling Showed Most In This Age Group Were Uncertain About the Technology’s SafetyOn August 5, 2026, the U.S. Food and Drug Administration gave the green light to the first messenger RNA flu vaccine for adults aged 50 and older. The decision came after a clinical trial involving...