Converge Announces €156 Million Framework Contract Win Secured by REDNET GmbH
August 02 2022 - 06:00AM
Converge Technology Solutions Corp. (“
Converge” or
“the
Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a
software-enabled IT & Cloud Solutions provider, is pleased to
announce in conjunction with its subsidiary REDNET GmbH
(“
REDNET”), an IT partner specializing in public
authorities, educational institutions and the healthcare sector
that REDNET secured a large public sector contract in Germany ( the
“
Contract”).
This contract allows public authorities, local
authorities and universities in Rhineland-Palatinate and Saarland
to procure computer hardware through REDNET which won no fewer than
eight lots and will equip public authorities, local authorities and
universities in both German federal states with thin clients,
notebooks, servers, laser printers, inkjet printers, Windows
tablets, iOS tablets and scanners until May 2025. The institutions
in Rhineland-Palatinate equipped by REDNET include the Landtag
(state parliament), ministries, municipalities, police and
judiciary, as well as universities and state companies organized
under private law, the majority of which are publicly owned. In
Saarland, among others, ministries, the Landtag, state companies
and universities can procure their IT via REDNET in compliance with
procurement law.
“With an estimated contract volume of 156
million euros within 3 years for the awarded lots, the IT framework
contract is a large public sector contract in Germany. We are
thrilled that we were once again able to convince with our
know-how, our 360° service portfolio and the good partnership with
the manufacturers and that we can successfully continue our
cooperation, which has been uninterrupted since 2004,” said Barbara
Weitzel, CEO of REDNET GmbH. “We are very proud of REDNET's renewed
success in this important tender. As a result, the REDNET team can
continue to successfully support the public authorities,
universities and schools in Rhineland-Palatinate and Saarland in
their digital transformation,” stated Shaun Maine, CEO of Converge
Technology Solutions Corp. “This is another important milestone in
our joint German and European growth strategy.”
About REDNET
Founded in 2004, REDNET GmbH is an IT partner
for public authorities, educational institutions and the healthcare
sector and has developed into a nationwide provider for the
digitalization of public institutions in recent years. The company
with headquarter in Mainz, which has been part of the Canadian
Solutions Technology Corp. group of companies since 2021 and
employs around 180 people, maintains important framework agreements
in numerous German federal states. From years of working with
public authorities, educational institutions and the healthcare
sector, REDNET knows the specific challenges that the institutions
face due to digital transformation. With specialist teams and its
know-how, REDNET accompanies them as an IT partner with its 360°
approach through digitalization and offers them the development of
holistic solutions up to the integration of groundbreaking
technologies that give them access to the working world of
tomorrow.
About Converge Converge
Technology Solutions Corp. is a software-enabled IT & Cloud
Solutions provider focused on delivering industry-leading solutions
and services. Converge’s global solution approach delivers advanced
analytics, application modernization, cloud, cybersecurity, digital
infrastructure, and digital workplace offerings to clients across
various industries. The Company supports these solutions with
advisory, implementation, and managed services expertise 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. For
more information, visit convergetp.com.
For further information contact:
Converge Technology Solutions Corp.Email:
investors@convergetp.comPhone: 416-360-1495
REDNET GmbHEmail: tanja.jost@rednet.agPhone: 0049 61 31 250
62-175
Forward-Looking Information
Certain information contained in this press release may constitute
forward-looking information under applicable securities laws,
including statements related to the Company’s and its subsidiaries
positioning with certain German public authorities, resulting
contract implications and other statements that are not historical
facts. Forward-looking statements are necessarily based upon
various assumptions that, while the Company considers reasonable,
are subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Except as required by law, Converge
assumes no obligation to update the forward-looking statements of
beliefs, opinions, projections, or other factors, should they
change. The reader is cautioned not to place undue reliance on
forward-looking statements.
For a detailed description of the risks and
uncertainties facing the Company and its business and affairs,
readers should refer to the Company’s filings available on SEDAR
under the Company’s profile at www.sedar.com including its most
recent Annual Information Form, its Management Discussion and
Analysis and its Annual and Quarterly Financial Statements.
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