Portage CyberTech (A Converge Company) Acquires 1CRM Systems Corp.
March 1, 2022
Portage CyberTech Inc., a majority‑owned subsidiary of Converge Technology Solutions Corp., has acquired 1CRM Systems Corp., a Victoria, British Columbia‑based SaaS CRM and business management software provider. The deal comprised $3.0 million cash at closing plus up to $2.0 million in earn-outs; 1CRM reported trailing twelve‑month revenue of approximately $820,000 as of October 31, 2021.
- Buyers
- Portage CyberTech Inc. (A Converge Company), Converge Technology Solutions Corp.
- Targets
- 1CRM Systems Corp.
- Platforms
- Portage CyberTech Inc.
- Industry
- Cloud & SaaS
- Location
- British Columbia, Canada
- Transaction Type
- Addon
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