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 as of April 02, 2024. 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 as on 02 Apr, 2024
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Arrow Electronics
- Date of Incorporation 23 Mar, 2010
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$935.09 K (USD)-14.81as on Mar 31, 2020
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Net Profit
$56.39 K (USD)-35.46as on Mar 31, 2020
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EBITDA
$131.6 K (USD)-12.98as on Mar 31, 2020
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Latest Funding Round
Not available
- Investors
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Employee Count
74
as on Apr 02, 2024
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Acquired by
Arrow Electronics
(Apr 06, 2010)
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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.
Funding Insights of Converge
Detailed funding history for Converge
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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 |
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Electronic components and enterprise computing solutions are resold globally.
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Investor details for Converge
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Investments & Acquisitions by Converge
Investment portfolio details for Converge
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Financial Statements - Converge
Detailed financials for Converge
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Converge Comparisons
Peer comparison for Converge
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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 year | HQ Location | Description |
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Software for electronics design and manufacturing is provided.
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Cofactr is recognized as a supply chain execution platform.
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Provider of electronic component spend analytics and risk intelligence platform
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B2B procurement marketplace is operated for mid-sized enterprises.
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Cloud-based B2B trade platform is provided with event management features.
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AI-enabled B2B marketplace for procurement and trading is provided.
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Detailed competitors of Converge
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Latest news on Converge
Complete news archive for Converge
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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.
As of Apr 02, 2024, the latest employee count at Converge is 74.
Annual revenue of Converge is $935.09K as on Mar 31, 2020.
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.