Quick Take
ConvergeOne Holdings (CVON) has announced it has acquired Advantel Networks for an undisclosed amount.
Advantel Networks operates as a data network and communication solutions integrator for enterprises.
CVON management has a history of acquiring firms, and I expect that acquisition focus to continue as the firm seeks to grow its penetration in the managed services and integration markets in North America.
Target Company
San Jose, California-based Advantel Networks was founded in 1984 to design, implement and maintain converged communication and data network solutions to businesses.
Management is headed by CEO Thomas