Converge

Mavenir Selected to Deliver Converged Charging System for Aruba’s National Telecom Provider SETAR

Retrieved on: 
Tuesday, February 20, 2024

Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, today announces that it has been selected to deliver a complete Converged Charging System (CCS) transformation for Aruba’s national telecom provider, SETAR, leveraging Mavenir’s Digital Enablement (MDE) platform.

Key Points: 
  • Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, today announces that it has been selected to deliver a complete Converged Charging System (CCS) transformation for Aruba’s national telecom provider, SETAR, leveraging Mavenir’s Digital Enablement (MDE) platform.
  • The new CCS will be hosted in Aruba and serve both SETAR as well as Telbo, Bonaire’s leading Telecom provider, using a multi-tenancy architecture.
  • SETAR turned to long-term partner Mavenir and its proven digital transformation capabilities to perform its Charging System transformation, which will involve migrating SETAR’s existing Mavenir-supplied charging system to the latest MDE CCS system.
  • The modern, TM Forum-based solution offers improved time-to-market and a simplified architecture with convergence of prepaid and postpaid charging in the same system.

Converge Reports Record Q4 and FY 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

Gross Sales1 Top $4.0 Billion in FY 2023;

Key Points: 
  • Gross Sales1 Top $4.0 Billion in FY 2023;
    TORONTO and GATINEAU, QC, March 6, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2023.
  • All figures are in Canadian dollars unless otherwise stated.
  • 1 This is a Non-IFRS measure (including non-IFRS ratio) and not a recognized, defined or a standardized measure under IFRS.
  • 2 Bookings backlog is calculated as purchase orders received from customers not yet delivered at the end of the fiscal period for Canada and United States.

Converge Reports Record Q4 and FY 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

TORONTO and GATINEAU, QC, March 6, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2023.  All figures are in Canadian dollars unless otherwise stated.

Key Points: 
  • Gross Sales1 Top $4.0 Billion in FY 2023;
    TORONTO and GATINEAU, QC, March 6, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2023.
  • All figures are in Canadian dollars unless otherwise stated.
  • 1 This is a Non-IFRS measure (including non-IFRS ratio) and not a recognized, defined or a standardized measure under IFRS.
  • 2 Bookings backlog is calculated as purchase orders received from customers not yet delivered at the end of the fiscal period for Canada and United States.

Converge Technology Solutions Announces Participation in the 27th Annual Scotia Bank TMT Conference

Retrieved on: 
Tuesday, March 5, 2024

TORONTO and GATINEAU, QC, March 5, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a services-led, software-enabled, IT & Cloud Solutions provider, is pleased to announce its participation in the 27th Annual Scotiabank TMT Conference, this coming Wednesday, March 6, 2024.

Key Points: 
  • TORONTO and GATINEAU, QC, March 5, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a services-led, software-enabled, IT & Cloud Solutions provider, is pleased to announce its participation in the 27th Annual Scotiabank TMT Conference, this coming Wednesday, March 6, 2024.
  • The conference will take place in Toronto and brings together institutional investors for meetings with top companies from across the Telecom, Media, and Technology sectors.
  • Its format includes a fireside chat with the Company's covering analyst from Scotiabank, Divya Goyal.
  • Shaun Maine, Group CEO; Greg Berard, Global Chief Executive Officer & President; and, Avjit Kamboj, Chief Financial Officer, will participate in the session, which will be broadcast live as follows:

Suki and Amwell Partner to Expand Access to AI Solutions that Empower Clinicians and Patients

Retrieved on: 
Tuesday, March 5, 2024

REDWOOD CITY, Calif., March 5, 2024 /PRNewswire/ -- Suki, the leader in voice artificial intelligence (AI) technology for healthcare, and Amwell, a leading hybrid care delivery enablement platform, partner to bring the AI-powered Suki Assistant to Amwell's Converge telehealth platform powering the digital care of more than 55 health plans representing more than 90 million people. This partnership showcases Amwell's leadership in leveraging cutting-edge technology to enhance outcomes for all stakeholders, from providers to payers.

Key Points: 
  • Amwell connects and enables providers across 2,000+ hospitals such as Cleveland Clinic, Northwell Health, and Intermountain Healthcare, to deliver greater access to more affordable, higher-quality care.
  • The platform excels in improving access and outcomes, featuring chat-based support, mental health programs, and in-visit enrollment for clinical programs.
  • Suki is a voice-enabled digital assistant for healthcare that leverages advanced AI to streamline administrative tasks.
  • "We're thrilled to partner with Amwell to power the AI voice experience of Converge so clinicians can focus on what matters most: their patients."

Converge Technology Solutions Recognized on CRN's 2024 MSP 500 List

Retrieved on: 
Thursday, February 22, 2024

TORONTO and GATINEAU, QC, Feb. 22, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce that CRN ® , a brand of The Channel Company , has once again named Converge to its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2024.

Key Points: 
  • TORONTO and GATINEAU, QC, Feb. 22, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce that CRN ® , a brand of The Channel Company , has once again named Converge to its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2024.
  • This is the third consecutive year Converge has been named to the MSP 500 list.
  • The solution providers featured in our 2024 MSP 500 list are introducing cutting-edge managed services portfolios to the market, enabling their clients to achieve success by optimizing their IT budgets.
  • "Converge is proud to once again be named in the Elite 150 category of CRN's Managed Services Provider 500 list," stated Greg Berard, Global CEO & President of Converge.

Demographics, labor market power and the spatial equilibrium

Retrieved on: 
Tuesday, February 13, 2024

Abstract

Key Points: 
    • Abstract
      This paper studies how demographics affect aggregate labor market power, the urban wage
      premium and the spatial concentration of population.
    • I develop a quantitative spatial model
      in which labor market competitiveness depends on the demographic composition of the local
      workforce.
    • If these factors differ across workers, labor market power has a role to
      play in explaining wage inequality.
    • This paper contributes to the literature on differences in labor market power by analyzing a
      new dimension of heterogeneity: demographics.
    • Since older workers are less mobile in terms of
      switching workplaces, firms have more labor market power over older workers.
    • I start by estimating labor market power by measuring the sensitivity of worker turnover to
      the wage paid.
    • I find a strong
      role of demographics in determining the degree of labor market power enjoyed by firms.
    • Next, I provide evidence of the importance of differences in labor market power for spatial
      wage inequality.
    • To explore the consequences of labor market sorting, I build a spatial general equilibrium
      model in which labor market competitiveness depends on the demographic composition of the

      ECB Working Paper Series No 2906

      2

      local workforce.

    • If these factors differ across workers, labor market power has a role to
      play in explaining wage inequality.
    • In
      the model, geographic sorting by age matters and leads to higher labor market power in rural
      areas, which implies an urban wage premium that is 4% larger than with uniform labor supply
      elasticities.
    • I follow Manning (2013) and estimate labor market power by measuring the sensitivity of worker
      turnover to the wage paid.
    • Bachmann et al., 2021; Ahlfeldt et al., 2022a; Berger et al.,
      2022) that nest a monopsonistic labor market in a spatial general equilibrium model (Redding
      and Rossi-Hansberg, 2017).
    • As firms have more labor market power
      over older workers, they face an upward-sloping labor supply curve that is less elastic in regions
      with an older workforce.
    • Firms choose in which labor market to operate in the sense that there is free
      entry at fixed costs into all locations.
    • How are differences in labor market competitiveness across space sustained in spatial equilibrium?
    • I use the model to quantify the importance of heterogeneity
      in labor market power for the urban wage premium and the spatial concentration of population.
    • My work is complementary to but quite different
      from this paper since I argue that population aging increases labor market power rather than
      product market power.
    • By analyzing the effects of a changing age composition of the workforce in the context
      of labor market power, I relate to literature on the labor market effects of population aging.
    • ECB Working Paper Series No 2906

      7

      after controlling for age, differences in labor market power between East and West Germany
      vanish.

    • They conclude that higher
      concentration is associated with higher labor market power (as in the model of Jarosch et al.,
      forthcoming).
    • I offer an alternative explanation why labor market power differs across regions:
      Since denser regions have a younger workforce, workers are more mobile in terms of switching
      jobs which implies lower labor market power of firms.
    • In this case, I infer a
      high labor supply elasticity and low labor market power of firms.
    • I contribute to this growing debate by
      quantifying differences in labor market power across worker groups and their effects on regional
      inequality.
    • While the model shows how demographics affect labor market power, the urban wage premium and agglomeration, one fundamental question remains open for future research: What
      are the policy implications of (differences in) labor market power?

Luzerner Kantonalbank AG implements FM Converge from Finmechanics for its Cloud-based Front-Office, Pricing and Risk Infrastructure

Retrieved on: 
Monday, February 12, 2024

FM Converge is a high performant cross-asset front to back platform that enables banks to run their markets business on a private or public cloud.

Key Points: 
  • FM Converge is a high performant cross-asset front to back platform that enables banks to run their markets business on a private or public cloud.
  • "By integrating FM Converge into LUKB's infrastructure, we were able to provide full cross asset pricing and risk capabilities with a very low technology footprint", says Anindya Sarkar, CEO of Finmechanics.
  • FM Converge offers LUKB future-proof trading software that covers all the functions required for pricing, trading and risk management across all asset classes.
  • A fully hosted and managed environment makes the FM Converge installation highly scalable and responsive to fluctuating demand, significantly reducing operational and maintenance cost.

Converge to Host Fourth Quarter and Fiscal Year 2023 Conference Call

Retrieved on: 
Wednesday, February 7, 2024

TORONTO and GATINEAU, QC, Feb. 7, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS), is pleased to announce that it will hold a conference call to discuss its fourth quarter and fiscal year 2023 results on Wednesday, March 6th, 2024 at 8:00am EST.

Key Points: 
  • TORONTO and GATINEAU, QC, Feb. 7, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS), is pleased to announce that it will hold a conference call to discuss its fourth quarter and fiscal year 2023 results on Wednesday, March 6th, 2024 at 8:00am EST.
  • The call will be hosted by the Converge leadership team, followed by a question-and-answer period.
  • Converge will report its financial results in the morning prior to the call.
  • Participant Dial-in Details with Operator Assistance:

Converge to Host Fourth Quarter and Fiscal Year 2023 Conference Call

Retrieved on: 
Wednesday, February 7, 2024

TORONTO and GATINEAU, QC, Feb. 7, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS), is pleased to announce that it will hold a conference call to discuss its fourth quarter and fiscal year 2023 results on Wednesday, March 6th, 2024 at 8:00am EST.

Key Points: 
  • TORONTO and GATINEAU, QC, Feb. 7, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS), is pleased to announce that it will hold a conference call to discuss its fourth quarter and fiscal year 2023 results on Wednesday, March 6th, 2024 at 8:00am EST.
  • The call will be hosted by the Converge leadership team, followed by a question-and-answer period.
  • Converge will report its financial results in the morning prior to the call.
  • Participant Dial-in Details with Operator Assistance: