ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Convergint To Acquire Peace of Mind Technology, Entering Audio-Visual Technology Market in Australia

Acquisition will bolster Convergint’s presence in Australia and APAC, expands audio-visual service capabilities to meet growing global demand

Convergint, a global leader in service-based systems integration, today announced plans to acquire Peace of Mind Technology (POMT), a leading, Sydney-based provider of audio-visual, workspace and communications technology solutions. This acquisition marks Convergint’s entry into the audio-visual (AV) market in Australia, greatly expanding the company’s vertical expertise and key service capabilities in Australia.

Founded in 1996, POMT provides innovative audio-visual and workspace design, strategy, and technology solutions to customers across Australia. The company’s solutions bring together property, facilities, and information communications technology teams to create a seamless and unrivalled experience for the modern workplace. As global demand for scalable, user-friendly, and fully integrated audio-visual solutions continues to grow, this acquisition brings over 130 colleagues to Convergint, extending the company’s reach within this critical growth sector.

“We are thrilled to soon welcome the Peace of Mind Technology team to Convergint. POMT’s dedication to delivering excellent service aligns perfectly with Convergint’s commitment to always being our customers’ best service provider—and its cutting-edge solutions help to significantly strengthen our presence and vertical expertise across Australia and APAC,” said Tony Wang, CEO, APAC, Convergint. “POMT’s outstanding expertise will help Convergint benefit more customers in new corners in Australia and across Asia.”

“As demand for audio-visual solutions from Convergint continues to grow, this is a natural next step in expanding our capabilities to meet customers’ needs,” said Dean Monaghan, Managing Director, Oceania, Convergint.

Since 2021 and Convergint’s acquisition of Seal Telecom, Convergint has been working to build a global AV offering and has seen tremendous growth in the AV market. Convergint is able to offer an expansive range of solutions and capabilities positioning Convergint as a premier global partner for security, audio, video, and unified communication solutions.

“By joining forces with Convergint, we look forward to greatly expanding our combined reach both locally and across the APAC region. Integrating security, AV, and workplace technologies will create even more value for our clients—united with our shared commitment to delivering outstanding service and results”, said Jason Levine, Founder and CEO, POMT. “Leading POMT alongside Jeremy Pollak, we have ensured that culture, values and beliefs are at the foundation of our company, and we’re excited to now partner with Convergint—their unique and empowered culture aligns perfectly with ours.”

“This acquisition marks a significant milestone in Convergint’s ongoing commitment to building a fully global and industry-leading audio-visual service offering. We will will continue to expand our AV expertise across the world—aligning with organizations that share our dedication to service and maintaining a dynamic culture”, said Denis Pozigun, Executive Director of Global AV, Convergint.

The transaction is subject to customary closing conditions.

About Convergint

Convergint is a $2.3 billion USD global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 6 years, Convergint leads with over 9,000 colleagues and more than 200 locations worldwide. To learn more about Convergint, visit www.convergint.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  248.40
+3.99 (1.63%)
AAPL  269.43
+0.96 (0.36%)
AMD  243.98
+10.44 (4.47%)
BAC  53.42
+0.22 (0.41%)
GOOG  290.59
+10.89 (3.89%)
META  631.76
+10.05 (1.62%)
MSFT  506.00
+9.18 (1.85%)
NVDA  199.05
+10.90 (5.79%)
ORCL  240.83
+1.57 (0.66%)
TSLA  445.23
+15.71 (3.66%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.