Convergence Technologies has acquired Bookkeeper International Equities, a private merchant banking group, in an all-stock transaction.
Bookkeeper International Equities provides merger and acquisition advisory services, investor relations, and corporate finance consulting services to microcap issuers.
Convergence Technologies has also said that Warren Stroud will be stepping down from his duties as CEO, as part of the terms of the acquisition, to concentrate his efforts on the voice-to-voice division. The new CEO, Domino Mocharski, is committed to building shareholder equity and meeting the minimum listing requirements of a Nationally Recognized Exchange, said Convergence.
Mr Mocharski said: In an effort to continue to build shareholder equity, Convergence Technologies will be expanding its reach to provide business consulting and corporate finance advisory services to other microcap issuers. These microcap opportunities are typically either in operational or financial difficulty and may need corporate restructuring, merger and acquisition advisory services, and/or bridge financing.
They typically face market awareness issues, as well as an inability to attract corporate financing, and require the help of serious, experienced managers to restructure and turnaround their public company operations in an expedient manner.
