About Converge
Converge is a company based in Peabody (United States) founded in 1980 was acquired by Arrow Electronics in April 2010. It operates as a Reseller / Distribution and Managed Services. The company has 74 employees. Converge offers products and services including Electronic Component Sourcing, Excess Inventory Management, and Customized Programs. Converge operates in a competitive market with competitors including Supplyframe, Cofactr, Lytica, WCube and HotLink, among others.
- Headquarter Peabody, United States
- Employees 74
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website converge.com
- Social LinkedIn X Facebook YouTube
- Acquired by Arrow Electronics (Apr 2010)
- Legal Name Arrow Electronics
- Date of Incorporation 23 Mar, 2010
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹13.36 Cr
FY 2025 · -4% YoY
- Net Profit₹90.1 Lakh
FY 2025 · 7% margin
- EBITDA₹2.41 Cr
FY 2025 · 18% margin
- Investors
- Employee Count74
- Acquired byArrow Electronics
(Apr 2010)
Associated legal entities of Converge
Converge operates through Converge Electronics Trading (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Converge Electronics Trading (India) Private Limited CIN U51900KA2010FTC052955 | Active | 23 Mar 2010 | Bangalore, Karnataka | ₹13.4 Cr | 74 | 3 | View details |
Products & Services of Converge
Converge offers a comprehensive portfolio of products and services, including Electronic Component Sourcing, Excess Inventory Management, and Customized Programs.
Hard-to-find electronic components are sourced for various industries.
Excess materials are matched with buyers for recovery.
Data-driven supply chain solutions are tailored for scalability.
Apps and channels of Converge
its YouTube channel Converge an Arrow Company has 17.5K subscribers and 30 videos.
Videos from Converge
The most watched videos on Converge's YouTube channel, Converge an Arrow Company (17.5K subscribers). Click a video to play it here.
More on Converge an Arrow Company.
Investors in Converge
Converge has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Arrow Electronics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Electronic components and enterprise computing solutions are resold globally. | 1935 | arrow.com | Centennial, United States |
Investor details for Converge
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Converge Electronics Trading (India) Private Limited (Converge)
Converge Electronics Trading (India) Private Limited is the primary company behind Converge. The board of Converge Electronics Trading (India) Private Limited currently have 3 directors; the longest-serving is Gopalakrishna Subray Bhat, appointed in 2010. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopalakrishna Subray Bhat DIN 02857762 | Director | 23 Mar 2010 | 16 yrs 6 mo | Converge Electronics Trading (India) Private Limited |
| Eric Andrew Checkoway DIN 05205734 | Director | 28 Sep 2012 | 14 yrs | Converge Electronics Trading (India) Private Limited |
| Kim Marie Carr DIN 09197350 | Director | 08 Jun 2021 | 5 yrs 4 mo | Converge Electronics Trading (India) Private Limited |
People of Converge
1 people are tracked at Converge (1 in leadership); the tracked headcount is 74.
| Name | Role | Group |
|---|---|---|
David Mandragouras | CEO | Leadership |
Complete people profiles for Converge
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Converge
Figures of Converge Electronics Trading (India) Private Limited, the primary company behind Converge, for FY 2025. Revenue was ₹13.36 Cr (-4% year on year). Net profit was ₹90.1 Lakh (7% margin). EBITDA was ₹2.41 Cr (18% margin). Revenue has grown at a compounded annual rate of -1% over three years and +14% over five years.
- ₹13.36 CrRevenue · FY 2025 · -4% YoY
- ₹90.1 LakhNet profit · 7% margin
- ₹2.41 CrEBITDA · 18% margin
- ₹9.9 LakhPaid-up capital
- 74Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Converge Electronics Trading (India) Private Limited are on its company page.
Detailed financial statements for Converge
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Converge
2 dated milestones of Converge across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Converge is founded.
- Exit Acquired by Arrow Electronics.
Competitors of Converge
Converge 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 Supplyframe, Cofactr, Lytica, WCube and HotLink, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| supplyframe.com | 2003 | Pasadena, United States | $8.5M | 131 | Software for electronics design and manufacturing is provided. | |
| cofactr.com | 2020 | Brooklyn, United States | $32.42M | – | Cofactr is recognized as a supply chain execution platform. | |
| lytica.com | 2005 | Ottawa, Canada | $24.9M | – | Provider of electronic component spend analytics and risk intelligence platform | |
| wcubeindia.com | 2019 | Gurugram, India | $856,800 | 55 | B2B procurement marketplace is operated for mid-sized enterprises. | |
| hotlink.com | 2011 | Gurugram, India | $10M | 6 | Cloud-based B2B trade platform is provided with event management features. | |
| novafori.com | 2011 | London, United Kingdom | $11.44M | – | AI-enabled B2B marketplace for procurement and trading is provided. | |
| procural.com | 2022 | Manama, Bahrain | $1.2M | – | Provider of web-enabled B2B procurement marketplace | |
| lawazem.com | 2020 | Riyadh, Saudi Arabia | $1.3M | – | Multi-category products are provided via an online B2B marketplace. | |
| sorsera.com | 2020 | Marupe, Latvia | $1.41M | 4 | Provider of web-enabled B2B procurement marketplace connecting buyers and suppliers |
Detailed competitors of Converge
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Converge
The website of Converge (converge.com) receives about 13.6K visits a month.
- Monthly visits13.6K
▲ 0.6% vs previous month
Websites whose visitors overlap most with Converge. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| americaii.com | 100% | – | – | View details | |
| avnet.com | 99% | 529.2K | #114,080 | View details | |
| advancedmp.com | 97% | – | – | View details | |
| displaysearch.com | 82% | – | – | View details | |
| enterworks.com | 54% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Converge
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Converge
Complete news archive for Converge
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Converge
10 companies that operate in the same segment as Converge (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 648 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Converge
Converge was founded in 1980.
Converge is headquartered in Peabody, United States. It is registered at Peabody, Massachusetts, United States.
David Mandragouras is the current CEO of Converge.
Converge has 74 employees.
The primary company behind Converge, Converge Electronics Trading (India) Private Limited, reported revenue of ₹13.36 Cr for FY 2025, down 4% year on year.
Converge is involved in providing electronic supply chain solutions across multiple industries including aerospace, automotive, medical, and energy. Services such as electronic component sourcing, excess inventory management, and customized programs are offered. A global distribution network is maintained to support end-to-end lifecycle management. Market intelligence and data analytics are utilized for real-time visibility. Sectors like artificial intelligence, cloud computing, and EV infrastructure are served with innovative resources and quality testing to prevent counterfeit components.
Converge's top competitors include Supplyframe, Cofactr and WCube.
Converge offers Electronic Component Sourcing, Excess Inventory Management, and Customized Programs.
Converge has 1 investor. Key investors include Arrow Electronics.
Converge operates through Converge Electronics Trading (India) Private Limited.
Yes. Converge was acquired by Arrow Electronics in April 2010.
The legal entities of Converge currently have 3 directors, including Gopalakrishna Subray Bhat, Kim Marie Carr, Eric Andrew Checkoway.