Systems integrator Convergint acquired MVP Tech for an undisclosed sum.
This is the 825th technology M&A deal that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A transactions involving MSPs, MSSPs and IT service providers listed here.
Convergint was founded in 2001 and is headquartered in Schaumburg, Illinois. The company has 4,455 employees listed on LinkedIn. Convergint’s areas of expertise include Physical Security, Access Control, Video, CCTV, Intrusion, Biometrics, Cyber Security Consulting, Command Center, Wireless, Credentials, Quad4, Building Automation Systems, Fire Alarm and Life Safety, Mechanical Services, HVAC, Mass Notification and energy efficiency audits.
MVP Tech was established in 2003 and is headquartered in Dubai, United Arab Emirates. The company lists 161 employees on LinkedIn. MVP Tech’s areas of expertise include Radar, Perimeter Protection & X-Ray Scanning Systems, IP Surveillance Systems, Access Control, Biometrics, Time & Attendance, PSIM, Parking Management – ANPR, Access Control & Bollards, Security Maintenance Systems, Cyber Security, Professional Security systems and IT infrastructure solutions.
Convergint said the acquisition will increase Convergint’s workforce by more than 200 people and expand the company’s operations into the Gulf Cooperation Council (GCC) and Middle East countries.
Convergint Acquires MVP Tech: Executive Insight
Ken Lochiatto, CEO of Convergint, commented:
“MVP Tech’s strong, customer-focused culture and its expertise in emerging technologies provides a significant competitive advantage and aligns well with our growth strategy. MVP will allow us to directly address our growth in this key region. The needs of our customers around the world. MVP’s strong technical capabilities and rapidly expanding AI, machine learning and big data capabilities will complement and accelerate our investments in these key areas. We look forward to working with our colleagues and leadership at MVP Tech, who will continue to To provide customers with uninterrupted service excellence and the latest technological innovations.”
Charles Kiwan, CEO and owner of MVP Tech, said:
“By partnering with Convergint, we now have the opportunity to expand our engineering-driven philosophy and further enhance our ability to serve local and multinational clients. Convergint’s culture and core values and beliefs are a perfect fit with MVP Tech. We are very much looking forward to working with Convergint resources to bring new possibilities to customers.”
Convergint’s M&A Growth
Convergint is a $2 billion global systems integrator with service-focused operations in North America, Latin America, Asia Pacific, Europe and Oceania.
The company continues to grow globally, acquiring four other companies earlier this year, expanding Convergint’s capabilities in Canada, Australia and the United States. The deals include the acquisition of California-based Ojo Technology in August 2022 and the acquisition of Canadian telecommunications and networking reseller Dramis Communications Solutions Ltd. in February.