Converge Technology Solutions Corp. (CTSDF)

OTCMKTS · Delayed Price · Currency is USD
4.317
-0.024 (-0.54%)
Inactive · Last trade price on Apr 23, 2025
3.89%
Market Cap 814.51M
Revenue (ttm) 1.80B
Net Income (ttm) -123.51M
Shares Out n/a
EPS (ttm) -0.63
PE Ratio n/a
Forward PE n/a
Dividend 0.03 (0.75%)
Ex-Dividend Date Dec 10, 2024
Volume 3,445,081
Average Volume 211,359
Open 4.320
Previous Close 4.340
Day's Range 4.317 - 4.320
52-Week Range 2.088 - 4.340
Beta 1.69
RSI 76.58
Earnings Date May 9, 2025

About CTSDF

Converge Technology Solutions Corp., together with its subsidiaries, provides software-enabled IT and cloud solutions in the United States, Canada, Germany, rest of Europe, the United Kingdom, and Ireland. Its solutions approach delivers advanced analytics comprising business analytics and data visualization, data platforming and integration, and financial and operational performance management; artificial intelligence; application modernization; cloud platforms; cybersecurity; digital infrastructure consisting of integration and lifecycle serv... [Read more]

Sector Technology
Founded 2016
Employees 2,700
Stock Exchange OTCMKTS
Ticker Symbol CTSDF
Full Company Profile

Financial Performance

In 2024, CTSDF's revenue was 2.59 billion, a decrease of -4.18% compared to the previous year's 2.71 billion. Losses were -177.71 million, 12173.0% more than in 2023.

Financial numbers in CAD Financial Statements

News

H.I.G. Capital Completes Acquisition of Converge Technology Solutions and Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"

TORONTO, ON and GATINEAU, QC, April 22, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge") (TSX:CTS) (FSE:0ZB) (OTCQX: CTSDF) is pleased to announce the successful completion of the ...

3 days ago - PRNewsWire

H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form "Pellera Technologies"

SAN FRANCISCO , April 22, 2025 /PRNewswire/ -- H.I.G. Capital ("H.I.G.

3 days ago - PRNewsWire

Court Grants Final Order to Converge Approving Acquisition by H.I.G. Capital

TORONTO and GATINEAU, QC, April 16, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Ontario Superior...

9 days ago - PRNewsWire

Converge Technology Solutions Shareholders Approve the Acquisition by H.I.G. Capital

TORONTO and GATINEAU, QC, April 10, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that at its specia...

15 days ago - PRNewsWire

Converge Technology Solutions Reminds Shareholders to Vote in Advance of Proxy Voting Deadline for the Upcoming Special Meeting

TORONTO and GATINEAU, QC, April 3, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) reminds its shareholders to vote ahead of ...

22 days ago - PRNewsWire

Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement

TORONTO and GATINEAU, QC, April 1, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agree...

23 days ago - PRNewsWire

Independent Proxy Advisory Firms Recommend Converge Technology Solutions Shareholders Vote For the Proposed Acquisition by an Affiliate of H.I.G. Capital

TORONTO and GATINEAU, QC, March 25, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that two leading i...

4 weeks ago - PRNewsWire

Converge Announces Filing and Mailing of Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Acquisition by H.I.G. Capital

TORONTO and GATINEAU, QC, March 14, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce its management inf...

6 weeks ago - PRNewsWire

Converge Reports Fourth Quarter and Fiscal Year 2024 Results

TORONTO and GATINEAU, QC, March 5, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results f...

7 weeks ago - PRNewsWire

Converge Reports Preliminary Fourth Quarter and Fiscal Year 2024 Financial Results and Conference Call Details

TORONTO and GATINEAU, QC, Feb. 10, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), today announced preliminary results for t...

2 months ago - PRNewsWire

Converge Technology Solutions to be Acquired by H.I.G. Capital

Key Highlights: H.I.G. Capital to acquire Converge in an all-cash transaction, providing immediate liquidity to shareholders while establishing a strategic partner for Converge to execute its long-ter...

2 months ago - PRNewsWire

Converge To Pay December 2024 Dividend One Day Earlier Due to Holidays

TORONTO and GATINEAU, QC, Dec. 20, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced that, further to the Compa...

4 months ago - PRNewsWire

Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company

TORONTO and GATINEAU, QC, Nov. 20, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (OTCQX: CTSDF) is pleased to announce it has joined Tony Stewart Rac...

5 months ago - PRNewsWire

Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript

Converge Technology Solutions Corp. (OTCQX:CTSDF) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Dennis Fong - Investor Relations Avjit Kamboj - Chief Financial Off...

5 months ago - Seeking Alpha

Converge Reports Third Quarter 2024 Results

Year-to-date cash generated from operating activities increased by $97 million to $212 million, enabling continued net debt1 reduction and a return of $61.7 million in capital to shareholders1 Announc...

5 months ago - PRNewsWire

Converge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit

TORONTO and GATINEAU, QC, Nov. 8, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce it has been named So...

6 months ago - PRNewsWire

The Silver Lining In Converge Technology's Selloff And Strategy For Stability

Converge Technology Solutions has faced a challenging year with a -30.26% annualized return, but the recent sell-off may present a buying opportunity. The company is refocusing on high-margin, recurri...

6 months ago - Seeking Alpha

Converge Reports Preliminary Third Quarter 2024 Results

TORONTO and GATINEAU, QC, Oct. 24, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced select preliminary unaudit...

6 months ago - PRNewsWire

Converge to Host Third Quarter Fiscal 2024 Conference Call

TORONTO and GATINEAU, QC, Oct. 22, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a...

6 months ago - PRNewsWire

Converge Technology Solutions Announces PCI-DSS Certification for IBM Power for Google Cloud (IP4G) Platform

TORONTO and GATINEAU, QC , Sept. 17, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce the successful completion of PCI-DSS certif...

7 months ago - PRNewsWire

Converge Announces Renewal of Normal Course Issuer Bid

TORONTO , Aug. 9, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces that the Toronto Stock Exchange (the "TSX") has a...

9 months ago - PRNewsWire

Converge Technology Solutions Corp. (CTSDF) Q2 2024 Earnings Call Transcript

Converge Technology Solutions Corp. (OTCQX:CTSDF) Q2 2024 Earnings Call August 8, 2024 8:00 AM ET Company Participants Dennis Fong - Investor Relations Avjit Kamboj - Chief Financial Officer Shaun Mai...

9 months ago - Seeking Alpha

Converge Reports Second Quarter 2024 Results

Gross sales organic growth1 of 11.1% and gross profit organic growth1 of 2.1%; Returned $47.4 million in capital through dividends and share repurchases; Announces Group CEO Transition TORONTO and GAT...

9 months ago - PRNewsWire

Converge to Host Second Quarter Fiscal 2024 Conference Call

TORONTO, ON and GATINEAU, QC, July 18, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will ho...

10 months ago - PRNewsWire

Converge Technology Solutions Announces Deconsolidation of Portage CyberTech Inc.

TORONTO and GATINEAU, QC, July 3, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced that, as of June 27, 2024, ...

10 months ago - PRNewsWire