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Converge (TSX:CTS) wins Euro156 million IT Contract

Technology
TSX:CTS
02 August 2022 15:15 (EDT)
Converge Technology Solutions

Converge Technology (CTS) announced that its subsidiary REDNET GmbH has secured a large public sector contract in Germany.

This contract allows public authorities, local authorities and universities in Rhineland-Palatinate and Saarland to procure computer hardware through REDNET. It 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. It also includes universities and state companies organized under private law, most of which are publicly owned. In Saarland, ministries, the Landtag, state companies, and universities can procure their IT via REDNET.

REDNET GmbH is an IT partner for public authorities, educational institutions and the healthcare sector. It has developed into a nationwide provider for the digitalization of public institutions in recent years.

Barbara Weitzel, CEO of REDNET GmbH, commented on the news.

“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.”

Converge Technology is a software-enabled IT & Cloud Solutions provider, focusing on delivering industry-leading solutions and services.

Converge Technology Solutions Corp. (CTS) is up 2.19 per cent, trading at C$6.07 per share at 2:56 pm ET.


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