Convergint buys Dakota Security

Deal brings banking vertical expertise, opportunity for Dakota to go global
Monday, January 4, 2016

SCHAUMBURG, Ill.– Convergint Technologies, a global systems integrator based here, today announced the acquisition of Dakota Security Systems, one of the fastest growing and most well respected systems integrators in the country.

With the Dakota deal, Convergint now has 2,100 employees across the globe, 65 offices and more than $500 million in revenue. Convergint did about $411 million in business in 2014 and $328 million in 2013.

Based in Sioux Falls, S.D., Dakota Security has offices in Arizona, New York and throughout the Midwest.  

“The Dakota culture is similar to ours and they have a service focus. Those are the two key things,” Dan Moceri, executive chairman of Convergint, told Security Systems News.

Dakota Security CEO Eric Yunag and his entire team will join Convergint.

The deal “continues Convergint’s aggressive growth in building out a world-class systems integrator,” Moceri said.

Convergint made two acquisitions in 2015. In January, it acquired Beacon Security and Communications and in April, it purchased GS Security, a Massachusetts-based integration firm.

Yunag has often talked about Dakota Security’s vertical market focus. Notably, Dakota has expertise in the banking vertical.

Asked how joining Convergint will benefit Dakota, Yunag told SSN: “We have been limited geographically, now we’ll look at expanding that vertical market expertise across the country and across the world."

Moceri noted that Dakota brings some key customers “who have global operations. Now we’ll be able to service those customers [internationally] by leveraging both organizations,” he said.

The combined company provides system design, integration, installation, training and support services.