Convergint Damage Control

Author: IPVM Team, Published on Feb 07, 2018

Convergint needs you to understand.

When Convergint acquires companies, as they continuously do, it is an acquisition, e.g.:

But when Convergint gets acquired, they do not like calling it what it is. IPVM raised this issue in our initial report. Indeed, after our report, they took to a trade magazine detailing their 'financial partnership' with Ares, objecting:

Someone? That 'someone' was literally the company that acquired Convergint, Ares, in the title of Ares' own press release:

Convergint is not making things better and they risk damaging their reputation and trust with their employees and partners.

********** ***** *** ** **********.

**** ****************** *********, ** **** ************ **, ****** ***********, *.*.:

*** **** ********** **** ********, **** ** *** **** ******* it **** ** **.**** ****** **** ***** ** *** ******* ******. ******, ***** *** ******, **** **** ** * ***** magazine********* ***** '********* ***********' **** ****, *********:

*******? **** '*******' *** ********* *** ******* **********************, ****, ** *** ***** ******' *** ***** *******:

********** ** *** ****** ****** ****** *** **** **** ******** their ********** *** ***** **** ***** ********* *** ********.

[***************]

Positives *** **********

** ** *** ***** **** **** ** ** ** *** the **** **** **** **********. ** **** ******* ********** **** they *** **** *********** *** ******** ***** ******* *** **** certainly **** ****** ** ***** **********'* ********* **** ** **** Convergint *** *** **** ****. *** ** **** ** ******** good *** **** ** ********** ********.

Financial ******

****, ** * ******** ****** ********** ****, **** ******* ******* to ***** ************. ******** *********** ***** *******, ****** **** **** ** ***** **** **. But, ** ********** ****** ***** ******* **** * *********** ****** of ****, **** *** * ************** *** *** ***** ** protect *** ************. **********, *** ******** ** ***** *** *** Convergint's *****. **'* ****.

Risks *** **********

*********** ******* *** ******* *********** *****. ** *** **** ****, this *** ******* ** ****** ************'* ********* *******, ************ ******* *** ******** **** *** ******* ******** *** a ***** ** *******:

********** *** ***** **** ***** *** ******** ** *****. ******* or *** *** *** ***** *** ** *** ***, **** is ************ *** **** **** ********** ****.

*** ** ** ******* ******* ********** *** ******* **** * 'fun' ******* ******** ** * ******* ******* ** ****** ** integrators ***** ******** ** ******** ** ******* **** *********. *** those ********* **** *******.

Advice *** **********

** **** ***** **** ******** ****** **** *** ***** ***** Convergint. *** ** ******* ***** **** *** *** ** **** in *** ****** *** ** *** ** ****.

*** ****** ** ********** ** ** **** ****** ** ******* or ******** *** ******* **** **** * ******** ****** ********** firm **** **********. ***** *** ******* (*.*., ** *** ** like *********). **** ******** *** ******** ******* *** *** ****** maintain **** ******** ******* ***** ****** ** ******** *****, ****** premiums *** *** ***** ***********, *** ******* ********* **** * huge ***********.

Comments (13)

Undisclosed #1

02/08/18 04:33pm

***** *** *** *** *** ************ **********.

Undisclosed Manufacturer #2

02/08/18 04:45pm

**** ** * ****** ********** ******* **********.

John Honovich

IPVM | 02/10/18 01:50am

**** #* ********** ****** *******. *****, ********** *** * ***** magazine ********* ******:****: ****/********** ************ *** * ‘******* ***********’. ****** * **** ********** **** ********** ******* "******* ***** to **** ** ** '***********'", ***** ********** ************ **:

**********’* **-******* *** ********* ********,********** ****’* ****** ** *** *** ********** ** **********does ******* ** ** ** ***********, he couches it by calling it atypical: “(Acquisition) ** *** ****** *******, but the distinction that we are trying to make is that this is not a typical corporate acquisition.

****'* **** ******. ********** ***** **** ******* *** ** **** by ****** ******* ** **** ** **, ********** ***** ***** owner **** ******** ****** ** ** *********** **********.

Undisclosed End User #3

02/10/18 04:00pm

***** *********** ***** ***** *********** ** ****** **** ** *********, and **** *****'* *********** ********* ** *** ****** ** * balance *****. *** ** *** ******* ***** *** *******.

**** ***-******** ************ *** **** *** *********** ****, *** ****** tend ** ****** *** **** *** ******* *** ********* *** built *** ********** ***** **** *** *********** ********** ** *** first *****.

**** **** **** ****** **** *** ******* ***** ** ***** Edwards/Lenel (*** *** ****** ******* ***).

John Honovich

IPVM | In reply to Undisclosed End User #3 | 02/12/18 10:29pm

**** ***-******** ************ *** **** *** *********** ****, *** ****** tend ** ****** *** **** *** ******* *** ********* *** built *** ********** ***** **** *** *********** ********** ** *** first *****.

**** ***** *** * ***** **** ***.

* ** ***** **'* ***** *********** *** *** '*** ******' happen ** ** **** ****.

*** ********* *********, **** *** **** ******* - ***** ** a '**** *****' ** ****. *** *** *** *****, **** see ***** ******* *** ***** ****** ****** - '*** *****'.

*** ********** ** **** *** ********* *** ******* ** ******** reputation *** ******** ************ *** **** *******, ***** ** *** typical ******* ******.

** ** *****, * ** *** *** **** ** * risk *** ********** *****. *******, **** ** *** **** ****-**** that ********** *** ********* **** ** ******** *** ******** ** make **** ***** / ******* ** *** ******* ** ********** 'costs' **** **** ***** ********* *** ********** **** ******* *** of ********* **** **** **** ***** ** ****-** ** *** company.

John Honovich

IPVM | 02/18/18 03:11pm

* ******** ********* ******* ***** **** ****, **** **** *** same ***** **** *** ******* ** ********** **** *****, *********:

* **** ***** '********-*****' ******* ******** ******* ***** *** ******** to **** ** '****-****'.

******** ** * **** ** ******* ******** ** ****?

John Honovich

IPVM | In reply to John Honovich | 03/24/18 12:19am

******* ******** ********* ******. ***** *** ******** ******* "****** ******* community *******. **** **** ** ********. ********* *** ****** ********. Employees *** **** ** **** ***** **** ** ****. ********* 401K," */** ********** ******* ************** ********:

Undisclosed Integrator #4

03/01/18 03:14pm

* ********** ****.... * **** ********* **** ********* ************ ** my ******** ********* ****. ** **********: **********, ************ *** ****-*** transactions *** ** **** ********** ** *** ******** ** ******* to *********.

************; ********* *** ********** *** ** **** **** *** ********** of ******** ** ********, ******* *********, *** ********* *********, *********** new **** (******** ********* **********), **** **** **** *** ***** off ** ******* *** *** ** *** ******** - **** the **** ** **** ****** *** ******* - ********* ********* the ********.

***** ** - ** ****** *** **** ********* *** ****** top ****** ** **** *** ******* ***** **** *** ****** brings.

* **** ********** ***** **** ******** *** ****** *********.

Undisclosed Integrator #5

In reply to Undisclosed Integrator #4 | 03/01/18 03:17pm

** ** ****** *** *** ********* ******* ** ***** * "stay **" *****, ** ** ** ********** ******** *** ** the ****** ********** ******** ***?

John Honovich

IPVM | In reply to Undisclosed Integrator #4 | 03/01/18 03:20pm

#*, ******. **** **** ** **** ***** ** ***, ********** is ***** * **** **********. * **** ***** **** **** will **** ******* *** ****** *********.

*** ***** **** ** *** ****** *** **********, *** ****** it ***** ** *** *** *********** ******** ** ******* ***** and ******* **********, ***** ********* ********* **** ** *****. ***** this ** ** ***** ** **** *********, * ***** ***** will ** *** **** *** **** *** ** ** **** to ******* **** *** *********, ********** **** **** *** ****** to ******* **** ** *** **** / ***.

John Honovich

IPVM | 03/24/18 12:21am

*** ********** ********** ***** ********* $* ******* ******* ** *** **** * years:

Undisclosed Integrator #6

03/24/18 12:18pm

** ***** *** **** **** ********* *** **** ** **********'* growth ** ******* ****** *** ***********? * ******* ** **** keep ****** *********, **** *** *** ** $* ******* ** sales **** ** ******* ** ****** ** ******** *******.

John Honovich

IPVM | In reply to Undisclosed Integrator #6 | 03/24/18 02:33pm

*****'* ** ******* ****** ****, ***** ********** ** * ******* company.

*******, ***** ** ***** ****** **********, * *** ****** *** be ********** *********. **** **** ******** ** ***** ***********. ****** average ********** ******* ** **** ***** $** ******* *** **** is $*** ******* ** ******** ********.

********** **** ***** ******* **** **** ** ~$*** *******, ** $300 ******* ** * ****** ******** ***** ** ****. ********** also **** **** *** ******* *********** ** ****** ****** (******* that ** **% ** **% ** *** *********).

*** **** *** *** *****'* ******* *** ***** ***** ****** statement **** **** *** ********** **** ********** *********** ********, * think **** ***** ******* *********** ***** ******* $*** ******* ** so ** *******. ******* **** **** ****** ******* ****** *** they *** ********** ** ** $* *******.

*** ****** ********, ** **, ** *** **** ***** ***** culture *** ********** ** **** *** ***** ********* ************, *** these ******, ***. ** **** *** **** ****.

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