MSP M&A: Vergence Acquires IT Consulting Firm Abstract Technology

Vergence Solutions acquired the IT consulting firm Abstract Technology Group. The combined business offers robotic process automation (RPA), application development and managed IT services capabilities. The financial terms of the merger and acquisition were not disclosed.

This is the number of the technology merger and acquisition [number] which ChannelE2E has covered so far in 2022. See more than 2,000 technology merger and acquisition agreements involving MSPs, MSSPs and IT service providers listed here.

Vergence, founded in 2011, is headquartered in Indianapolis, Indiana. The company has 26 employees listed on LinkedIn. Vergence’s areas of expertise include government services, health services, RPA, process improvement, process automation, organizational change management, application development, data and analytics, robotic process automation, and business process management.

Abstract, founded in 2008, is headquartered in Lafayette, Indiana. The company has 27 employees listed on LinkedIn. Abstract’s areas of expertise include Information Technology, Managed Services, Computer Repair, Network Management, System Administration, Website Development, Microsoft Gold Certified Partner, and Apple Authorized Service Provider.

Abstract founder Michael Daughtery will join the Vergence Advisory Board to assist in the transition and strategic growth of the company in the future, Vergence said.

Vergence acquires Abstract: Executive Insight

Gabriel Browne, founder and CEO of Vergence

Gabriel Browne, founder and CEO of Vergence, commented:

“We are very pleased to welcome Abstract employees and customers to the Vergence family. This exciting transaction is a strategic step for Vergence that is consistent with the goals of designing, implementing, supporting and managing our customers’ IT service requirements. “

Michael Daugherty, founder and CEO of Abstract, said:

“This opportunity further expands the suite of services that Abstract is able to offer to our customers and Vergence has been the ideal partner for us to achieve this goal. I found Vergence in keeping with our values ​​and culture, as well as being an excellent home for our employees and customers. “

Mike Gallagher, partner and executive vice president of Vergence, added:

“This strategic acquisition of Abstract will increase our IT services portfolio and offer our current IT services to an established base of Abstract clients. As a proud graduate of Purdue University, I am thrilled to support an esteemed customer base in the Lafayette and West Lafayette markets. “

Robotic Process Automation (RPA): M&A IT consulting activity

The rapidly growing robotic process automation (RPA) software market continues to generate strong merger and acquisition (M&A) activity. An extensive list of RPA mergers and acquisitions is here.

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