Convergint buys company, expands to Middle East
SCHAUMBURG - Convergint Monday said it has acquired MVP Tech, a security and IT systems contractor based in the United Arab Emirates that has served private enterprises and government clients for the past two decades.
Financial terms of the acquisition were not disclosed. The acquisition will add more than 200 employees to Convergint and expand the company's presence to countries in the Gulf Cooperation Council and Middle East, the company said.
Founded in 2003 and headquartered in Dubai, MVP Tech has three offices across the United Arab Emirates and Iraq with near-future expansion plans into Saudi Arabia.
"MVP will allow us to directly meet the needs of our global customers in this critical region," said Ken Lochiatto, CEO of Convergint. "MVP's robust technical capabilities and rapidly expanding artificial intelligence, machine learning, and big data capabilities will complement and accelerate our investments in these key areas."
Schaumburg-based Convergint is a $2 billion global systems integrator that designs, installs and services electronic security, cybersecurity, fire and life safety, building automation, and audiovisual systems.