Convergint Damage Control

By: 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.

********** ***** *** ** **********.

**** ****************** *********, ** **** continuously do, ****** ***********, *.*.:

*** **** ********** **** acquired, **** ** *** like ******* ** **** it **.**** ****** **** ***** ** our ******* ******. ******, ***** *** report, **** **** ** a ***** ***************** ***** '********* ***********' with ****, *********:

*******? **** '*******' *** literally *** ******* **********************, ****, ** *** title ** ****' *** ***** *******:

********** ** *** ****** things ****** *** **** risk ******** ***** ********** and ***** **** ***** employees *** ********.

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

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

** ** *** ***** that **** ** ** it *** *** **** term with **********. ** **** believe ********** **** **** say **** *********** *** supports ***** ******* *** Ares ********* **** ****** to ***** **********'* ********* team ** **** ********** for *** **** ****. All ** **** ** actually **** *** **** if ********** ********.

Financial ******

****, ** * ******** traded ********** ****, **** deliver ******* ** ***** shareholders. ******** *********** ***** *******, ****** they **** ** ***** with **. ***, ** Convergint ****** ***** ******* over * *********** ****** of ****, **** *** a ************** *** *** power ** ******* *** shareholders.  **********, *** ******** at ***** *** *** Convergint's *****. **'* ****.

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

*********** ******* *** ******* significant *****. ** *** past ****, **** *** started ** ****** ************'* ********* *******, ************ ******* *** problems **** *** ******* changing and * ***** ** numbers:

********** *** ***** **** these *** ******** ** wrong. ******* ** *** the *** ***** *** or *** ***, **** is ************ *** **** that ********** ****.

*** ** ** ******* because ********** *** ******* from * '***' ******* business ** * ******* rolling ** ****** ** integrators ***** ******** ** millions ** ******* **** investors. *** ***** ********* **** returns.

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

** **** ***** **** positive ****** **** *** years ***** **********. *** we ******* ***** **** big *** ** **** in *** ****** *** is *** ** ****.

*** ****** ** ********** is ** **** ****** to ******* ** ******** the ******* **** **** a ******** ****** ********** firm **** **********. ***** the ******* (*.*., ** not ** **** *********). Then ******** *** ******** whether *** *** ****** maintain **** ******** ******* while ****** ** ******** owner, ****** ******** *** all ***** ***********, *** rapidly ********* **** * **** corporation.

Comments (13)

***** *** *** *** new ************ **********.

 

**** ** * ****** conspiracy ******* **********.

**** #* ********** ****** control. *****, ********** *** a ***** ******** ********* titled:****: ****/********** ************ *** a ‘******* ***********’. ****** * **** beforehand **** ********** ******* "someone ***** ** **** it ** '***********'", ***** Convergint ************ **:

**********’* **-******* *** ********* Chairman,********** ****’* ****** ** the *** ********** ** Convergintdoes ******* ** ** ** ***********, 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.

****'* **** ******. ********** could **** ******* *** of **** ** ****** calling ** **** ** is, ********** ***** ***** owner **** ******** ****** it ** *********** **********.

 

***** *********** ***** ***** reputations ** ****** **** of *********, *** **** doesn't *********** ********* ** the ****** ** * balance *****. *** ** *** measure ***** *** *******.

**** ***-******** ************ *** into *** *********** ****, bad ****** **** ** happen *** **** *** clients *** ********* *** built *** ********** ***** made *** *********** ********** in *** ***** *****.

**** **** **** ****** from *** ******* ***** of ***** *******/***** (*** the ****** ******* ***).

**** ***-******** ************ *** into *** *********** ****, bad ****** **** ** happen *** **** *** clients *** ********* *** built *** ********** ***** made *** *********** ********** in *** ***** *****.

**** ***** *** * agree **** ***.

* ** ***** **'* worth *********** *** *** 'bad ******' ****** ** in **** ****.

*** ********* *********, **** see **** ******* - which ** * '**** thing' ** ****. *** the *** *****, **** see ***** ******* *** often ****** ****** - 'bad *****'.

*** ********** ** **** the ********* *** ******* to ******** ********** *** customer ************ *** **** profits, ***** ** *** typical ******* ******.

** ** *****, * do *** *** **** as * **** *** Convergint *****. *******, **** is *** **** ****-**** that ********** *** ********* push ** ******** *** business ** **** **** money / ******* ** the ******* ** ********** 'costs' **** **** ***** customers *** ********** **** revenue *** ** ********* that **** **** ***** of ****-** ** *** company.

* ******** ********* ******* since **** ****, **** with *** **** ***** that *** ******* ** struggling **** *****, *********:

* **** ***** '********-*****' culture ******** ******* ***** the ******** ** **** to '****-****'.

******** ** * **** of ******* ******** ** come?

******* ******** ********* ******. While *** ******** ******* "Annual ******* ********* *******. Free **** ** ********. Quarterly *** ****** ********. Employees *** **** ** each ***** **** ** face. ********* ****," */** criticizes ******* ************** ********:

* ********** ****....  * have ********* **** ********* acquisitions ** ** ******** corporate ****.  ** **********:  Migrations, ************ *** ****-*** transactions *** ** **** disruptive ** *** ******** of ******* ** *********. 

************; ********* *** ********** are ** **** **** the ********** ** ******** HR ********, ******* *********, new ********* *********, *********** new **** (******** ********* Principles),  **** **** **** the ***** *** ** running *** *** ** day ******** - **** the **** ** **** delays *** ******* - therefore ********* *** ********. 

***** ** - ** course *** **** ********* for ****** *** ****** as **** *** ******* about **** *** ****** brings. 

* **** ********** ***** with ******** *** ****** retention.  

 

** ** ****** *** the ********* ******* ** offer * "**** **" bonus, ** ** ** considered ******** *** ** the ****** ********** ******** one?

#*, ******. **** **** we **** ***** ** far, ********** ** ***** a **** **********. * also ***** **** **** will **** ******* *** client *********.

*** ***** **** ** the ****** *** **********, the ****** ** ***** to *** *** *********** benefits ** ******* ***** and ******* **********, ***** financial ********* **** ** value. ***** **** ** so ***** ** **** ownership, * ***** ***** will ** *** **** for **** *** ** is **** ** ******* that *** *********, ********** when **** *** ****** to ******* **** ** for **** / ***.

*** ********** ********** ***** ********* $* billion ******* ** *** next * *****:

** ***** *** **** that ********* *** **** of **********'* ****** ** organic ****** *** ***********?  I ******* ** **** keep ****** *********, **** can *** ** $* billion ** ***** **** by ******* ** ****** of ******** *******.

*****'* ** ******* ****** data, ***** ********** ** a ******* *******.

*******, ***** ** ***** public **********, * *** things *** ** ********** discerned. **** **** ******** 16 ***** ***********. ****** average ********** ******* ** just ***** $** ******* and **** ** $*** million ** ******** ********. 

********** **** ***** ******* last **** ** ~$*** million, ** $*** ******* is * ****** ******** share ** ****. ********** also **** **** *** growing *********** ** ****** digits (******* **** ** 10% ** **% ** not *********).

*** **** *** *** owner's ******* *** ***** their ****** ********* **** they *** ********** **** integrator *********** ********, * think **** ***** ******* integrators ***** ******* $*** million ** ** ** revenue. ******* **** **** modest ******* ****** *** they *** ********** ** at $* *******.

*** ****** ********, ** me, ** *** **** scale ***** ******* *** operations ** **** *** these ********* ************, *** these ******, ***. ** does *** **** ****.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Altronix Claims Tango 'Eliminates Electricians' on Oct 15, 2019
Power supply provider Altronix claims its new Tango power supply 'eliminates the need for an electrician, dedicated conduit and wire runs'. In...
Hikvision ColorVu is Smart Marketing on Oct 03, 2019
Hikvision ColorVu (see IPVM test results) is smart marketing, a lesson to be learned by competitors and a rising trend. Inside this note, we...
Directory of 70 Video Surveillance Startups on Sep 18, 2019
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly known. 2019...
ASIS GSX 2019 Final Show Report on Sep 12, 2019
IPVM went to Chicago for ASIS GSX 2019, with many exhibitors disappointed about traffic and the exhibitor schedule changing next year. However,...
Top Ways Security Integrators Improve Their Careers on Sep 03, 2019
With DIY products expanding and the future of integration debated, how do integrators stay sharp so they are not left behind? 180+ integrators...
Critical Vulnerability Across 18+ Network Switch Vendors: Cisco, Netgear, More on Aug 26, 2019
Cisco, Netgear and more than a dozen other brands, including small Asian ones, have been found to share the same critical vulnerability, discovered...
Security Integrators Outlook On Remaining Integrators In 2025 on Aug 22, 2019
The industry has changed substantially in the last decade, with the rise of IP cameras and the race to the bottom. Indeed, more changes may be...
Biometrics Usage Statistics 2019 on Aug 13, 2019
Biometrics are commonly used in phones, but how frequently are they used for access? 150+ integrators told us how often they use biometrics,...
US Government Ban of Dahua, Hikvision, Huawei Takes Effect Now on Aug 13, 2019
The 'prohibition on use or procurement' of Dahua, Hikvision and Huawei products and 'essential components' take effect today, August 13, 2019, one...
Proactive CCTV "Only Affordable Video Archiving Solution" Profile on Aug 12, 2019
Proactive CCTV is claiming to offer "the only affordable video archiving solution on the market", reducing the storage typically required for H.265...

Most Recent Industry Reports

US DoD Comments on Huawei, Hikvision, Dahua Cyber Security Concerns on Oct 16, 2019
A senior DoD official said the US is "concerned" with the cybersecurity of Hikvision, Dahua, and Huawei due to "CCP" (China Communist Party)...
Pelco Sarix Pro3 Camera Tested on Oct 16, 2019
Pelco has released their Sarix Professional Series 3 cameras, claiming "more security detail in challenging scenes with excellent low light and...
IPVM Camera Calculator User Manual / Guide on Oct 16, 2019
Learn how to use the IPVM Camera Calculator. The guide below includes instructions, images, gifs, and videos demonstrating and explaining the...
Altronix Claims Tango 'Eliminates Electricians' on Oct 15, 2019
Power supply provider Altronix claims its new Tango power supply 'eliminates the need for an electrician, dedicated conduit and wire runs'. In...
Pelco CEO Out, Seeking New Industry CEO, New CEO Found on Oct 15, 2019
Just 2 months after Pelco was sold, Pelco's CEO is out, with Pelco bringing in an outside President and searching for a new CEO from the industry,...
Hikvision Dissolves North American Business Unit, Splits Canada and USA on Oct 15, 2019
Hikvision has dissolved its North American Business Unit, splitting up US and Canada operations as the PRC-government owned manufacturer faces...
Camera Focusing Tutorial on Oct 14, 2019
Camera focus is fundamental to quality imaging. Mistakes can significantly reduce details, making cameras less effective. In this guide, we...
"UL Has Blood On Their Hands" Alleges The Interceptor / Keith Jentoft on Oct 14, 2019
"UL has blood on their hands" alleges Keith Jentoft of "The Interceptor Project". We examined The Interceptor in-depth last year, see: The...
Access Control Course Fall 2019 - Last Chance on Oct 14, 2019
Register Now - Fall 2019 Access Control Course. Thursday, October 17th is the last day to register. IPVM offers the most comprehensive access...
Axis HD Analog Encoder Tested on Oct 11, 2019
Two years after declaring "Everything is IP", Axis has released their first HD analog encoder, the P7304, with support for AHD, CVI, TVI, and SD...