About Convergint
Convergint is a company based in Schaumburg (United States) founded in 2001 was acquired by Ares Management in February 2018. It operates as a Professional Services, and Managed Services. Convergint has raised $100 thousand across 4 funding rounds from investors including Ares Management, Ares Capital Corporation and NewStar Financial. The company has 283 employees as of April 08, 2024. Convergint has completed 49 acquisitions, including A+ Technology & Security Solutions, Access Control Inc and Advantage Medical. Convergint offers products and services including Electronic Security, Fire Alarm & Life Safety, Physical Security, and Digital Transformation. Convergint operates in a competitive market with competitors including CertiK, Optiv Security, DataGuard, SilverSky and NSO Group, among others.
- Headquarter Schaumburg, United States
- Employees 283 as on 08 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Convergint Technologies Llc
- Date of Incorporation 18 Jan, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$33.15 M (USD)36.02as on Mar 31, 2023
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Net Profit
$6.1 M (USD)228.78as on Mar 31, 2023
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EBITDA
$8.31 M (USD)75.18as on Mar 31, 2023
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Total Equity Funding
$100 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Ares Management
& 5 more
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Employee Count
283
as on Apr 08, 2024
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Investments & Acquisitions
A+ Technology & Security Solutions
& 48 more
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Acquired by
Ares Management
(Feb 02, 2018)
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Products & Services of Convergint
Convergint offers a comprehensive portfolio of products and services, including Electronic Security, Fire Alarm & Life Safety, Physical Security, and Digital Transformation. 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.
Integrated security solutions are designed and serviced expertly.
Complex safety systems are streamlined for long-term performance.
Innovative protection solutions are provided for people and assets.
Business outcomes are accelerated through advanced digital solutions.
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Funding Insights of Convergint
Convergint has successfully raised a total of $100K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Private Equity Round - Convergint | Valuation |
investors |
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| Dec, 2014 | Amount | Private Equity Round - Convergint | Valuation |
investors |
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| Jun, 2014 | Amount | Debt – Conventional - Convergint | Valuation |
investors |
| 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 Convergint
Convergint has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Ares Management, Ares Capital Corporation and NewStar Financial. 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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Recapitalizations are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Harvest Partners is engaged in alternative investment strategies.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed for businesses.
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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 Convergint
Convergint has strategically engaged in corporate development activities, having acquired 49 companies. Notable acquisitions include A+ Technology & Security Solutions, Access Control Inc and Advantage Medical. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Physical security services are provided throughout Germany.
|
2019 | ||||
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Provider of fire alarm systems
|
2015 | ||||
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ATM, alarm monitoring, and physical security products are provided.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Convergint
| 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 |
Convergint Comparisons
Competitors of Convergint
Convergint 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 CertiK, Optiv Security, DataGuard, SilverSky and NSO Group, 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 |
Online platform for blockchain and smart contract cybersecurity
|
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| domain | founded_year | HQ Location |
IT risk management solutions are delivered via a specialized platform.
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| domain | founded_year | HQ Location |
IT security, consulting, and data protection services are provided.
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| domain | founded_year | HQ Location |
Cloud security and compliance solution company
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| domain | founded_year | HQ Location |
Cyber monitoring solutions and security research are provided for defense.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Convergint
Frequently Asked Questions about Convergint
When was Convergint founded?
Convergint was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Where is Convergint located?
Convergint is headquartered in Schaumburg, United States. It is registered at Schaumburg, Illinois, United States.
Is Convergint a funded company?
Convergint is a funded company, having raised a total of $100K across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $265M, raised on Jun 01, 2011.
How many employees does Convergint have?
As of Apr 08, 2024, the latest employee count at Convergint is 283.
What is the annual revenue of Convergint?
Annual revenue of Convergint is $33.15M as on Mar 31, 2023.
What does Convergint do?
Convergint is established as a leading global systems integrator focused on delivering security and safety solutions. Services are provided across various sectors including aviation, healthcare, data centers, and utilities. Integrated electronic security, fire alarm, and life safety systems are designed and maintained. Physical security and situational awareness solutions are offered to enhance protection. Digital transformation services are also provided to accelerate business outcomes. Operations span multiple regions including North America, Europe, Asia Pacific, Latin America, and the Middle East, ensuring localized support and scalability.
Who are the top competitors of Convergint?
Convergint's top competitors include CertiK, Optiv Security and SilverSky.
What products or services does Convergint offer?
Convergint offers Electronic Security, Fire Alarm & Life Safety, Physical Security, and Digital Transformation.
How many acquisitions has Convergint made?
Convergint has made 49 acquisitions, including A+ Technology & Security Solutions, Access Control Inc, and Advantage Medical.
Who are Convergint's investors?
Convergint has 6 investors. Key investors include Ares Management, Ares Capital Corporation, NewStar Financial, Leonard Green and Partners, and Harvest Partners.
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