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Riverside Partners' Portfolio Company Convergence Networks Acquires Swat Systems

Aug 16, 2022•almost 3 years ago

Acquiring Company

Convergence Networks

Acquired Company

SWAT Systems

Description

Riverside Partners, a private equity investment firm, announced today that its portfolio company, Convergence Networks (the "Company"), has acquired SWAT Systems. Based in Seattle, SWAT Systems is a leading provider of managed IT, cybersecurity, and communication services for organizations across numerous end-markets. The SWAT Systems team, led by Jason Hagens and Dave Blake, has a long history of forming partnerships with clients to understand their organizations and support their technology needs.

Company Information

Company

Convergence Networks

Location

Se International Way

About

Convergence Networks is a leading security first managed service provider. We deliver innovative, cloud-based solutions that increase efficiency and improve profitability for our clients.

FundzWatch™ Score

71
High M&A Activity

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed