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)

Undisclosed #1

02/08/18 04:33pm

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

 

Undisclosed Manufacturer #2

02/08/18 04:45pm

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

John Honovich

IPVM | 02/10/18 01:50am

**** #* ********** ****** 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 ** *********** **********.

 

Undisclosed End User #3

02/10/18 04:00pm

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

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

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

John Honovich

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

**** ***-******** ************ *** 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.

John Honovich

IPVM | 02/18/18 03:11pm

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

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

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

John Honovich

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

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

Undisclosed Integrator #4

03/01/18 03:14pm

* ********** ****....  * 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.  

 

Undisclosed Integrator #5

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

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

John Honovich

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

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

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

John Honovich

IPVM | 03/24/18 12:21am

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

Undisclosed Integrator #6

03/24/18 12:18pm

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

John Honovich

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

*****'* ** ******* ****** 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 *** **** ****.

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