Paragon Development Systems, Inc.

Canaccord Genuity Advises Digital Transformation-focused Paragon Development Systems on its Sale to Converge ​​​​​​​ 

Canaccord Genuity is pleased to announce it has advised Paragon Development Systems, Inc. (PDS), which provides innovative, client-specific, best-in-class solutions to help organizations drive their digital transformation, on its sale to Converge Technology Solutions Corp. (TSX:CTS), a software-enabled IT & cloud solutions provider. PDS was previously a portfolio company of private equity firm Mason Wells.

Paragon Development Systems is a strategic partner that assists clients in the Healthcare, Corporate, and Public Sectors by engaging in early-stage strategies that leverage technical expertise to implement a variety of digital transformation-focused solutions, while also providing ongoing support and services. With expertise supporting enterprise solutions, managed services, and true digital workplace platforms, PDS works synergistically to leverage the total strength of the company’s solution architects and engineering teams to design the right solutions to drive successful strategic outcomes. PDS offers solutions ranging from cloud and security to servers and infrastructure to virtualized work environments and remote work. The company works with its clients to advise and assist with unique information technology needs in upgrading and modernizing core business technology infrastructure on the continuing journey of innovation and digital transformation.

Converge Technology Solutions is a software-enabled IT & cloud solutions provider focused on delivering industry-leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, and cybersecurity offerings to clients across various industries. The company supports these solutions with managed services, digital infrastructure, and talent expertise offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors.

Paragon Development Systems marks the twenty-sixth acquisition completed by Converge or its affiliates since October 2017. PDS’ knowledge and proficiency in solving enterprise, managed services, and digital workplace needs of clients in the Healthcare, Corporate, and Public sectors will enhance Converge’s ability to meet the requirements of its clients in these spaces.

Canaccord Genuity, with a team led by JP Michaud, Ben Lunka, and Dudley Baker, served as the exclusive financial advisor to Paragon Development Systems and Mason Wells.