TULSA, Okla. — SageNet, a managed network services and cybersecurity provider, has acquired Convergent, a digital signage products and services provider.
Convergent, a wholly owned subsidiary of Ballantyne Strong Inc., is based in Alpharetta, Ga. For more than 35 years, Convergent has provided primarily digital signage to widely distributed enterprises. Its major customers include many of the nation's retailers as well as organizations in health care, convenience stores, financial services and the U.S. government.
Convergent’s platform helps organizations overcome the barriers often associated with launching and maintaining a robust, reliable digital initiative. Convergent's model enables rapid deployment and scalability of digital experiences, while its turnkey content creation, management and maintenance services make digital experience programs sustainable for the long run.
According to SageNet CEO Daryl Woodard, the acquisition of Convergent further strengthens SageNet's position as a company redefining how agencies, partners and end-users create and maintain digital engagement campaigns.
"Bringing the already extensive capabilities of our two companies together creates an organization with uniquely broad yet focused expertise," said Woodard. "Both companies have tremendous experience deploying large, widely dispersed multisite networks with an emphasis on reliability at scale.”
The U.S. digital signage market has seen enormous growth over the last several years. According to Grand View Research, the market was valued at $4.7 billion in 2019 and expected to register a compound annual growth rate of 6.4% from 2020 to 2027.
"Together, we will deliver a much broader scope of services with the combined talent and expertise of two passionately customer-focused organizations,” said John Campbell, president of Convergent.
Immediately, Convergent will be branded as Convergent, a SageNet Co. Convergent's leadership team will remain in place and both companies will continue to operate as usual as the integration process proceeds.
Tulsa, Okla.-based SageNet connects, manages and protects technologies and devices across the enterprise. The company offers service and support via its three U.S.-based 24/7 Network Operations Centers and Security Operations Centers, geographically-diverse teleports, a central National Logistics Center, multiple data centers and a nationwide field service organization. SageNet manages communications at more than 220,000 locations.
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