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Convergint Technologies

Convergint makes fourth buy of year

Acquisition of SigNet expands company’s capabilities in government sector
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07/12/2017

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company with headquarters here, announced on July 5 the acquisition of SigNet Technologies—the company’s fourth buy this year and 11th acquisition since January 2016.

Convergint acquires ISS

Tenth buy in 18 months adds customers in the banking and utilities markets
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06/07/2017

SCHAUMBURG, Ill.—Convergint Technologies, a global service-based systems integration company with headquarters based here, has acquired Miami-based Integrated Security Systems, making this the 10th company added to the Convergint family in the past 18 months.

Convergint acquires Operational Security Systems

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Wednesday, May 3, 2017

At ISC West last month it was nice to meet and catch up with Convergint Technologies' executive chairman and founder Dan Moceri, and president and CEO Ken Lochiatto, who were both kind enough to participate in an ssnTVnews video interview on the Security Systems News' trade show floor stage.

The global systems integration company has been very busy recently—and since its inception in 2001—and just completed an acquisition this week of Operational Security Systems Inc. (OSS), an Atlanta, Ga.-based security integrator with an additional location in Orlando, Fla. Founded in 1972, Operational Security Systems is run by president Jim Coleman, who along with more than 50 colleagues from the company will be joining the Convergint team.

Moceri told SSN that he is excited to have Coleman and his entire team joining the Convergint Technologies family, as the company shares many of the same values as Convergint.

“We have a lot of respect for Jim and his company as he has created a strong culture and team that is very focused on the service side of the business, which is how we have grown our organization,” said Moceri. “In addition to being strong from a service perspective, Jim has developed a very strong engineering company and a solutions provider that brings additional capacity and capabilities to our team.”

“Operational Security Systems and Convergint Technologies share two common core values: looking after the needs of our customers and looking after our fellow colleagues,” Jim Coleman said in the announcement. “Joining the Operational Security Systems team with Convergint Technologies brings deeper resources to our clients and new and exciting opportunities for our colleagues. This acquisition will prove beneficial to all involved.”

Convergint Technologies has seen a steady track record of both organic growth and growth through acquisition since its founding in 2001.

“We continue to grow very aggressively organically, but you can only grow so fast organically, so when we have an opportunity like this to bring in good quality people all at one time, we certainly want to take advantage of that,” he said.

Will Convergint continue to stay active on the acquisition front? “Absolutely—stay tuned,” said Moceri. “As always, we’ve got a nice pipeline of acquisitions and we expect another exciting year on that front. We’ve started off very strong in the first quarter along with very strong organic growth over the last year and we continue to supplement that growth with acquisitions.”

In addition to this acquisition, the company just opened an office in Toronto, which is part of the company’s planned expansion in the greater Toronto area. The new office is strategically located in the Bell Trinity Square beside the Eaton Centre on the PATH system, which is mostly an underground walkway that links about 30 km of shopping, services, and entertainment in downtown Toronto, the company noted.

“This exciting new location enables us to be at the doorstep of the downtown Financial District and to support all of our existing and future clients in the area while delivering our Values & Beliefs to be our best customers’ best service provider,” Greg Taylor, vice president, Eastern Canada Operations for Convergint Technologies, said in the announcement.

Security and building automation technicians, as well as locksmith services, will also be added to this location to provide rapid response for clientele, and the new office will also serve as a satellite learning center. “We plan to host Lunch & Learns at the site with our technology partners to provide our clients with information about the latest trends and technologies in electronic security and building automation solutions,” Eric Heagle, business development manager for Convergint Technologies, said in the announcement.

What else can you do besides provide security solutions?

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03/22/2017

YARMOUTH, Maine—Integrators know they don’t have a choice. The days of impressing end users with bells and whistles are gone. Now more than ever, installation and application of security technologies confront the big question that turns another page in the industry—and is still as old as business itself: “Can this help us make money?”

Convergint starts year strong with acquisition

Deal strengthens company’s offerings in the financial vertical
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02/08/2017

SCHAUMBURG, Ill.—Convergint Technologies, a global service-based systems integration company based here, started the year off strong with the acquisition of Post Browning, a full-service systems integrator that provides consultation, installation, and maintenance for the retail banking industry. Headquartered in Cincinnati, Post Browning strengthens Convergint’s footprint in the Ohio Valley and Southeastern United States with expert personnel throughout the region.

Convergint buys Go Security Solutions

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Wednesday, October 5, 2016

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration company with headquarters here, completed its seventh acquisition of the year with the purchase of Go Security Solutions, a systems integrator based in Westborough, Mass.

Dan Moceri, executive chairman and co-founder of Convergint Technologies, told Security Systems News that he is excited to have the Go Security Solutions team join the Convergint family.

“The company fits the criteria that we are looking for, which includes a strong culture—similar to Convergint’s—that is focused on service and the customer,” said Moceri. “They have a great reputation in the marketplace and really bring additional capabilities to extend service to our customers.”

Founded in 2009, Go Security Solutions is a full-service systems integrator specializing in electronic access control, video surveillance, alarm systems, and mechanical security solutions. 

Moceri said the deal increases Convergint’s footprint in the Northeast. “It is a highly populated area, and we need to add resources,” he said. “We are growing in excess of 20 percent, and we are hiring more than a person a day somewhere in the world to support that growth and be able to provide the type of service that our customers have come to expect from us.”

Go Security Solutions is the seventh acquisition that Convergint has completed since January of 2016. 

“We continue to grow organically but we also have supplemented that with strategic acquisitions where it makes sense to do that, and in some cases it is geographic coverage,” Moceri explained. “Our business in the northeast has been growing very nicely, and we are hiring people as fast as we can, but in some cases we are supplementing that with key acquisitions that can bring us additional resources.”

What is the key to Convergint’s success? “We invest a lot in the training and development of our team,” said Moceri. “There is a tremendous amount of work that goes into the infrastructure to support the growth, and we’ve spent a lot of time and money identifying the future leaders, and a lot of those leaders will come out of the organization itself, but we also look to some of the acquisitions to supplement the leadership needs of the organization as well.”

In terms of overall growth, Moceri said that Convergint “will get close” to the $600 million revenue mark for 2016, which “is up significantly from the $470 million that we were at last year,” he said.

When asked if Convergint is done on the acquisition front this year, Moceri said, “We’ve got quite a few acquisitions in the pipeline, and now that we are getting toward the end of the year, timing is everything. We have the potential of closing at least one more deal by the end of the year, and we expect to be just as active in 2017 as we were in 2016.”

Convergint buys fifth company in five months

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Wednesday, June 1, 2016

SCHAUMBURG, Ill.—Convergint Technologies today made it five purchases in five months. And, there will be more, according to Dan Moceri, Convergint executive chairman and co-founder.

Convergint's fifth purchase of 2016 is: Corporate Security Services of Edison, N.J.

Moceri told me the deal expands Convergint’s geographic reach in the N.Y., N.J. and Philadelphia region, brings "really nice integration skills, product expertise across product lines we support, ... and a similar focus on the customer on the service side."  Corporate Security Services also has a "highly visible customer base with a strength in the financial and hospital verticals," according to a Convergint statement. Here's a story about CSS work at MetLife Stadium.

Bob McCabe, president of Corporate Security Services, and all of his 30 staffers are joining Convergint. “Convergint’s commitment to superior customer service was a driving factor in our decision to join their team," McCabe said in a prepared statement.

When will the acquistiions stop? Not in the foreseeable future, Moceri said.

Moceri expects Convergint's 2016 revenue to be about $600 million. He wants to continue to expand the company organically and through acquisitions, and he has the support of PE partner KRG Capital, which Convergint has been working with since September of 2012.

"We think by 2020 we can be a billion dollar organization," Moceri said.

Convergint purchased Dakota Security in January of this year. In April, Convergint acquired H&E Comfort Controls of Windsor, Ontario. and Enion, an integration firm based in Switzerland.  Last month, Convergint bought Total Recall of New York.

 

 

 

Convergint buys integration business

Enion, based in Switzerland, key to Convergint’s global strategy
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04/20/2016

SCHAUMBURG, Ill.—In a deal that will help serve its global customers, Convergint Technologies today announced it has purchased Enion AG, an integration firm based in Basel, Switzerland.

Convergint acquires H&E Comfort Controls

Deal brings building automation capabilities
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04/20/2016

SCHAUMBURG, Ill.—Convergint Technologies, a global systems integration firm, on April 8 announced it has acquired H&E Comfort Controls, a provider of building automation and security.

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