O’Melveny Advises ConvergeOne on Acquisition of Advantel NetworksOctober 08, 2018
FOR IMMEDIATE RELEASE
LOS ANGELES—October 8, 2018—O’Melveny represented leading global IT services provider ConvergeOne Holdings, Inc. (Nasdaq: CVON) in its acquisition of Advantel Networks, a premier solutions integrator that delivers critical collaboration solutions and services, such as security, data centers, storage and virtualization, unified communications, contact centers, cloud and integrated and managed services, to businesses worldwide.
ConvergeOne serves as a trusted advisor to more than 10,000 customers, including 62 percent of the Fortune 100 and 48 percent of the Fortune 500 customers across the healthcare, finance, manufacturing, education, and energy industries.
As a result of the acquisition, Advantel is now Advantel, a ConvergeOne Company. As part of the transaction, O’Melveny also represented ConvergeOne’s investment firm, Clearlake Capital Group.
The O’Melveny team was led by partners David Smith and Nicolai M. Schwarz-Gondek, and included associates Kathryn Turner and Adam Ackerman.
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