News

Converge to acquire Stone Group

MSPs
Converge Technology Solutions Corporation, an IT and cloud solutions provider, has agreed to acquire Stone Technologies Group Limited, a provider of circular IT solutions for public and private sector organisation.

Stone has served the UK’s public and private sectors for over 30 years assisting thousands of organisations to adapt and thrive in a continually changing technology landscape. The company has deployed market leading technologies, delivered personalised services, and provided reliable IT support.

The company’s vision is to make a true and lasting impact on the way technology is sold, providing a full circular procurement cycle for clients for the good of the environment and future generations. Simon Harbridge, CEO of Stone Technologies, explained, “We are delighted to be joining the Converge family. As a growing organisation with a strong team and great platform for significant expansion in the UK and Europe, joining Converge is a benefit for both our clients and Stone employees.

“Becoming part of Converge will strengthen our ability to deliver an expanded technology portfolio and support the diverse needs of our clients. Additionally, there is a great cultural fit and the team at Converge will be fully aligned with our environmental and sustainability mission.”

Converge's acquisition of Stone is subject to conditions, including regulatory approval, and is expected to close in the fourth quarter of this year. This acquisition of Stone Group marks the thirty-fifth acquisition announced by Converge or its affiliates since October 2017.

Shaun Maine, CEO of Converge, added, “2022 has been a monumental year of growth for Converge in the European market. Along with our recent acquisitions in Germany, we are excited to leverage the knowledge and skills of Stone Group and its teams to continue enhancing our capabilities and offerings to our clients in the United Kingdom and the European Union.”