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  • Converge Technology Solutions'(CTS) SaaS entity Portage CyberTech has closed its non-brokered private placement for gross proceeds of $35 million
  • Portage CyberTech issued 43,750,000 common shares at a price of $0.80 per common share
  • Portage CyberTech is a new cybersecurity-focused SaaS entity that combines Converge’s existing Becker-Carroll and Vivvo business units
  • Converge Technology Solutions is a software-enabled IT & Cloud Solutions provider
  • Converge Technology Solutions Corp. (CTS) opened trading at C$9.63 per share

Converge Technology Solutions'(CTS) SaaS entity Portage CyberTech has closed its non-brokered private placement for gross proceeds of $35 million. 

Portage CyberTech issued 43,750,000 common shares at a price of $0.80 per common share. 

Portage CyberTech is a new cybersecurity-focused SaaS entity that combines Converge’s existing Becker-Carroll and Vivvo business units. Portage CyberTech enables governments and enterprises to securely offer digital services to their citizens and customers and better protect identities and private data sharing. Portage CyberTech’s products enable the ability to expand digital services, streamline data-sharing, drive down costs, and simplify the end-customer experience with exceptional time to service.

Portage CyberTech intends to use the net proceeds from the placement for acquisitions and other general corporate purposes.

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

Converge Technology Solutions Corp. (CTS) opened trading at C$9.63 per share.

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