Convergint Acquires Security Management Provider Prosys Services
Convergint has acquired Prosys Services, a security management provider in Australia. Financial terms were not disclosed.
This is technology M&A deal number 214 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
Convergint Acquires Prosys Services: Buyer and Seller Details
Prosys Services, founded in 1988, offers security management systems to commercial and industrial clients, tertiary institutions, critical infrastructure, health departments, the construction industry, and large corporations, the seller said. Key areas of expertise include video analytics, access control, and video management systems.
Roughly 125 Prosys employees will join Convergint — a $1.8 billion systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Convergent now has roughly 7,500 employees in 160 locations worldwide, the buyer said.
This is Convergint’s third acquisition in Australia. Earlier deals included acquiring Western Australia-based Cerberus Technologies in 2020 and Victoria-based Integrators Australia in 2018, the buyer noted.
Convergint Acquires Prosys Services: Executive Perspectives
In a prepared statement about the deal, Tony Wang, CEO of ICD Security Solutions, Convergint’s APAC subsidiary, said:
“We’re thrilled to bring Prosys’ team of talented colleagues to Convergint. From its focus on continuous development to its strong company culture, Prosys has an incredible reputation built on a long-standing commitment to innovating for the future of security technology. This acquisition further accelerates our growth strategy in APAC and allows us to extend our best-in-class service delivery to global enterprises in the region.”
Added Matthew Magi, executive director of Prosys Services:
“Convergint’s global presence, leadership team, and service-based approach to security systems delivery is undeniably the right fit for Prosys. We’ve spent the last 34 years focused on our people, on innovation, and on the future of our industry, and joining forces with Convergint is a natural next step for us. This union allows us to extend our market-leading capabilities to global enterprises with operations in Australia and further establish Convergint’s presence in this market.”
Concluded Dean Monaghan, managing director, Oceania, Convergint:
“Together with Prosys’ leadership team and colleagues, we’ll continue to build a strong, colleague-first, and inclusive culture that is built on Convergint’s Values and Beliefs. This is another important milestone in expanding our capabilities and service delivery in Oceania, and in our mission to be our customers’ best service provider around the globe.”