Recent Acquisition Following its acquisition by Converge Technology Solutions in April 2022, CBI has integrated into a larger, rapidly growing IT services provider, opening opportunities for joint solutions, expanded service offerings, and cross-selling to existing and new clients.
Innovative Offerings Converge’s launch of advanced AI and data management solutions such as the Data & AI Design Studio and FalconStor StorSafe for Google Cloud indicates a focus on AI-driven modernization, presenting opportunities to present tailored AI and cloud data security solutions to clients seeking digital transformation.
Industry Recognition Converge’s recognition as Global IT Refurbisher of the Year and inclusion in CRN’s Tech Elite 250 and MSP 500 lists highlight its reputation for innovation and quality, making it a trusted partner for organizations looking for reliable IT managed services and infrastructure optimization.
Market Positioning With a revenue range of $25M to $50M and a focus on IT consulting and services, CBI’s positioning within a competitive landscape of cybersecurity and IT service providers suggests potential to capitalize on cloud, AI, and data security market trends through targeted outreach to mid-sized enterprises.
Growth Dynamics The ongoing expansion and strategic initiatives of Converge, like recent product launches and recognition, indicate a growth-oriented environment with increased demand for innovative IT solutions, offering a fertile ground for sales of upgrade, migration, and managed service contracts tailored to evolving client needs.