Highly acquisitive Canadian firm swoops for Stafford IT specialist

Stone Group's Stafford HQ

Stafford IT firm Stone Technologies Group has been bought out by Canada-headquartered Converge Technology Solutions, a software-enabled IT and cloud counterpart.

Stone is a provider of circular IT solutions for education institutions, as well as public and private sector organisations. The firm was set up over 30 years ago.

Converge’s acquisition of Stone is expected to close in the fourth quarter.

Simon Harbridge, CEO of Stone Technologies, said: “As a growing organisation with a strong team and great platform for significant expansion in the UK and Europe, joining Converge is a benefit for both our clients and Stone employees. Becoming part of Converge will strengthen our ability to deliver an expanded technology portfolio and support the diverse needs of our clients. Additionally, there is a great cultural fit and the team at Converge will be fully aligned with our environmental and sustainability mission.”

“2022 has been a monumental year of growth for Converge in the European market,” added Shaun Maine, CEO of Converge. “Along with our recent acquisitions in Germany, we are excited to leverage the knowledge and skills of Stone Group and its teams to continue enhancing our capabilities and offerings to our clients in the United Kingdom and European Union.”

Stone Group marks the 35th acquisition announced by Converge or its affiliates since October 2017.

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