ConvergeOne Holdings, Inc.
CVON
NASDAQ12.44
USD
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ConvergeOne Holdings, Inc.
CVON
(NASDAQ)
Recent
price
12.44
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- ConvergeOne Holdings, Inc. ConvergeOne Holdings, Inc. (CVON), doing business as C1, provides IT services focused on collaboration and technology solutions for large and medium-sized enterprises, including unified communications, enterprise networking, data center, cloud, cybersecurity, and managed services; its core offerings encompass communications applications such as voice, email, presence, chat/text, and video technologies, alongside professional services for strategy, design, implementation, and support, with partnerships including Avaya, Cisco, IBM, Genesys, Microsoft, Palo Alto Networks, RingCentral, Dell Technologies, Extreme Networks, Juniper Networks, and others. Founded in 1993 and headquartered in Bloomington, Minnesota, the company operates primarily across the United States with additional locations in multiple states including Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Massachusetts, Missouri, Mississippi, Nebraska, New Jersey, New Mexico, New York, Nevada, North Carolina, Oregon, South Dakota, Tennessee, Texas, Utah, Wisconsin, and Wyoming, and maintains a Global Innovation and Capability Center in Hyderabad, India; it targets sectors such as higher education, healthcare, state and local governments, financial services, and consumer markets through advisory, professional, and managed services that emphasize customer experience, modern workplace solutions, business applications, and AI-powered tools. Recent developments include a rebranding to C1 in 2023 to streamline its identity, a prepackaged Chapter 11 bankruptcy filing in April 2024 that eliminated approximately $1.4 billion to $1.6 billion of secured debt through a restructuring support agreement with over 80% of first- and second-lien holders, emergence from bankruptcy in May 2024 with a significantly reduced leverage profile projected at low-5x debt-to-EBITDA in 2024 improving to about 4x by 2025, operational enhancements such as cost reductions, salesforce reorganization, new executive hires including a chief growth officer and chief revenue officer, deployment of an enterprise resource planning system, and generative AI tools for client cost savings, alongside acquisitions like Integration Partners, Prime TSR, WrightCore, NuAge Experts, AAA Network Solutions, Altivon, and others to expand capabilities in cloud modernization, Salesforce services, public sector support, and contact center solutions.