About Converge TP
Converge TP is a company based in Toronto (Canada) founded in 2017 was acquired by H.I.G. Capital in February 2025.. Converge TP has completed 38 acquisitions, including Accudata Systems, Becker-Carroll and BlueChipTek. Converge TP offers products and services including Artificial Intelligence, Cybersecurity, Cloud Platforms, and Managed Services. Converge TP operates in a competitive market with competitors including AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others.
- Headquarter Toronto, Canada
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Converge, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$150.02 M (USD), Post-IPO
Aug 24, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Accudata Systems
& 37 more
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Acquired by
H.I.G. Capital
(Feb 07, 2025)
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Products & Services of Converge TP
Converge TP offers a comprehensive portfolio of products and services, including Artificial Intelligence, Cybersecurity, Cloud Platforms, and Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions for scalable AI implementation in businesses.
Frameworks to protect against evolving digital threats.
Scalable resources for data storage and application management.
24x7 support to handle administrative IT tasks.
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Funding Insights of Converge TP
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $150.0M
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First Round
First Round
(31 Jul 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2021 | Amount | Post-IPO - Converge TP | Valuation |
investors |
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| Jun, 2021 | Amount | Post-IPO - Converge TP | Valuation |
investors |
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| May, 2021 | Amount | Post-IPO - Converge TP | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Converge TP
Converge TP has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include H.I.G. Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Converge TP
Converge TP has strategically engaged in corporate development activities, having acquired 38 companies. Notable acquisitions include Accudata Systems, Becker-Carroll and BlueChipTek. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Designing and working equipment is manufactured in Germany.
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2021 | ||||
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Clinical support, consulting, market development, and training services are provided.
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2020 | ||||
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IT service suite solutions are provided to businesses worldwide.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Converge TP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Converge Tp Comparisons
Competitors of Converge TP
Converge TP operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AKQA, Unicorn, Hancom, AlmavivA and Hedgehog lab, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated digital marketing campaigns are developed and executed across channels.
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| domain | founded_year | HQ Location |
Software development services are provided by Unicorn in Prague.
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| domain | founded_year | HQ Location |
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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| domain | founded_year | HQ Location |
IT services suite solutions are provided globally by AlmavivA.
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| domain | founded_year | HQ Location |
Mobile application development and UX design services are provided.
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| domain | founded_year | HQ Location |
Platform offering digital textbooks for students
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Converge Tp
Frequently Asked Questions about Converge TP
When was Converge TP founded?
Converge TP was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Converge TP located?
Converge TP is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Converge TP do?
Converge Technology was founded in 2017 in Toronto, Canada, as a provider of software development services. Software solutions are developed for various businesses, and platforms focused on regional IT infrastructure are built. Operations center on supporting technology needs in the software and IT sectors, with services tailored to regional markets across North America.
Who are the top competitors of Converge TP?
Converge TP's top competitors include RedShelf, Unicorn and Hedgehog lab.
What products or services does Converge TP offer?
Converge TP offers Artificial Intelligence, Cybersecurity, Cloud Platforms, and Managed Services.
How many acquisitions has Converge TP made?
Converge TP has made 38 acquisitions, including Accudata Systems, Becker-Carroll, and BlueChipTek.
Who are Converge TP's investors?
Converge TP has 1 investor. Key investors include H.I.G. Capital.
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