February 7, 2025 - 11:50

In a significant move within the tech industry, H.I.G. Capital has announced its acquisition of Converge for C$5.50 per share, marking a 56% premium. This strategic buyout is set to merge Converge with Mainline, forming a formidable player in the IT solutions sector. The merger is expected to enhance service offerings and expand market reach, positioning the new entity as a leader in technology services.
As the deal progresses, both companies are gearing up for a robust Q4, with strong results anticipated. The integration of resources and expertise from both firms is projected to create synergies that will drive innovation and improve customer service. The completion of this merger is slated for the second quarter of 2025, promising exciting developments for stakeholders and clients alike. This acquisition not only reshapes the competitive landscape but also underscores the growing trend of consolidation in the IT services market.
May 6, 2026 - 07:48
Tracking technology is helping city spend less on Chicago police officers' overtime, CPD saysThe Chicago Police Department says a new digital tracking system is helping the city reduce spending on officer overtime. According to department officials, it is now mandatory for every officer to...
May 5, 2026 - 21:47
Advanced Solar Technology Fuels Share Rally Of South Korea’s Jusung Engineering, Minting A New BillionaireShares of South Korea`s Jusung Engineering have skyrocketed, propelled by growing demand for its cutting-edge solar manufacturing equipment. The rally has minted a new billionaire: founder and CEO...
May 5, 2026 - 09:20
Wearable Tech Boosts Safety and Morale for Hospice WorkersA new wave of wearable technology is changing how home-based hospice staff stay safe and connected while working in the field. These devices, which include personal alarms, GPS trackers, and...
May 4, 2026 - 18:58
Texas A&M breaks ground on new Meat Science and Technology CenterLeaders from Texas A&M AgriLife and the Texas A&M University System officially broke ground on the new Meat Science and Technology Center, marking a major step forward for the university`s animal...