- Successful growth via acquisitions in the software business solutions space makes Converge Technology Solutions a one-stop, end-to-end IT service provider.
- Converge acquires target companies at low-EBITDA multiples and cross-sells products and services to its other customers.
- It consolidates recurring revenue offerings and develops cost synergies through volume discounts to add accretive value.
- The stock trades for ~26x EBITDA and ~1.6x sales and is growing its top line at ~50% per year.
- The 25 acquisitions made to date and expansion outside of North America into Europe suggest that Converge has continued room to grow.
For further details see:
Converge Technology Solutions: An Undervalued IT Service Provider With Plenty Of Growth Ahead