New Technology Leader Emerges from Merger of Two Giants
Pellera Technologies: A New Era in IT Solutions
H.I.G. Capital, a prominent global alternative investment firm with $69 billion in managed assets, has successfully concluded the merger between Converge Technology Solutions Corp. and Mainline Information Systems. The newly formed entity, Pellera Technologies, signifies a major step forward in the technology landscape, positioning itself as a leading technology partner in the market.
Pellera's Innovative IT Solutions
The merger creates a powerhouse dedicated to offering advanced IT solutions tailored for enterprise and mid-market clients. With the combined strengths of both organizations, Pellera Technologies has established itself at the forefront of innovation, with a robust focus on achieving impactful business outcomes. The company's pro forma revenue for the combined entities reached approximately $4 billion, underscoring its significant market presence and expertise in critical growth sectors such as cybersecurity, cloud computing, digital infrastructure, and artificial intelligence.
Leadership Driving Change
Pellera Technologies is set to thrive under the leadership of a highly experienced team. Greg Berard, who served as the CEO of Converge, has taken the helm as Pellera's CEO, bringing with him a wealth of knowledge accumulated over years in the IT industry. Moreover, Jeff Dobbelaere, President and CEO of Mainline, will be assuming the role of President and Chief Operating Officer. Their combined experience ensures that Pellera is well-equipped to deliver significant results in the fast-evolving technological landscape.
Growth Through Collaboration
In the words of Greg Berard, "We are merging the bold visions, unmatched talents, and innovative solutions of both companies to enhance the customer experience. With H.I.G.'s backing, we are poised to invest in sectors like AI, cybersecurity, and even hybrid cloud solutions." This collaboration aims to foster stronger relationships with industry-leading partners, further amplifying the value provided to customers.
Enhancing the Client Experience
Dobbelaere has expressed enthusiasm for the merger, stating, "Together, we are enhancing our ability to bring innovative solutions and impactful expertise to our customers. We are excited to explore growth opportunities for our employees while continuing to deliver added value through our partnerships." This vision emphasizes the strategic plan to evolve and innovate continuously, providing top-tier solutions to clients.
Strategic Acquisitions to Fuel Growth
The merger reflects a careful strategic approach by H.I.G. Capital, which has been advised by several notable financial institutions throughout this transaction. This initiative is not just about combining operations; it is about creating a formidable competitor in the IT solutions sector. H.I.G. aims to leverage Pellera's enhanced offerings to capitalize on emerging technology trends and expand its influence within the IT market.
About Pellera Technologies
Pellera Technologies is dedicated to pushing the boundaries of innovation and progress. By merging the capabilities of Converge and Mainline, Pellera stands ready to deliver unprecedented IT solutions to enterprise clients globally. The company specializes in a comprehensive range of digital infrastructure, hybrid cloud, cybersecurity, and AI solutions. With a tailored approach backed by their AIM (Advise, Implement, Manage) methodology, Pellera ensures every solution meets the unique needs of its clients, driving success while minimizing complexity.
About H.I.G. Capital
Established in 1993, H.I.G. Capital has consistently demonstrated its expertise in the investment landscape by managing over 400 companies worldwide. With a current portfolio exceeding 100 companies that collectively generate over $53 billion in sales, H.I.G. continues to focus on providing operationally-focused, value-added investments across various sectors. The firm's diversified approach includes equity funds, debt financing, and infrastructure investments, establishing itself as a key player in the financial market.
Frequently Asked Questions
What is Pellera Technologies?
Pellera Technologies is the new entity formed from the merger of Converge Technology Solutions Corp. and Mainline Information Systems, providing innovative IT solutions.
Who leads Pellera Technologies?
Pellera Technologies is led by CEO Greg Berard and President Jeff Dobbelaere, both seasoned professionals in the IT industry.
What areas does Pellera focus on?
Pellera focuses on technology areas including cybersecurity, cloud solutions, digital infrastructure, and artificial intelligence.
How does the merger benefit clients?
The merger enhances service offerings, allows for comprehensive solutions, and strengthens relationships with industry-leading partners.
What is H.I.G. Capital's role in this merger?
H.I.G. Capital facilitated the merger and provides operational support and resources for Pellera Technologies, ensuring growth and innovation in the sector.
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