September 23, 2017 3:40 PM ET

IT Services

Company Overview of Convergent Media Systems Corporation

Company Overview

Convergent Media Systems Corporation provides digital media solutions to the enterprise market in the United States and internationally. It offers digital media solutions for applications, such as digital signage, interactivity, video walls, iBeacon integration, social media, sales assistance, wayfinding, employee communications, meeting rooms, and endless aisle. The company also media strategy, systems integration, content creation, network operations, and solution support services. It serves retail, bank, corporate digital, and healthcare digital signage markets. Convergent Media Systems Corporation was formerly known as EDS Video Services and changed its name to Convergent Media Systems C...

190 Bluegrass Valley Parkway

Alpharetta, GA 30005

United States

Founded in 1980

Phone:

770-369-9000

Fax:

770-369-9100

Key Executives for Convergent Media Systems Corporation

Chief Executive Officer, President and Chief Operating Officer
Chief Financial Officer
Managing Director of Digital Media Operations
Senior Vice President of Engineering
Senior Vice President of Operations
Compensation as of Fiscal Year 2017.

Convergent Media Systems Corporation Key Developments

Convergent Media Systems Corporation Enters into Five-Year Term Loan Facility

On April 27, 2017, Convergent Media Systems Corporation entered into a five-year term loan facility for an aggregate amount of $2.0 million with blueharbor bank. The term loan bears interest at a fixed rate of 4.50% per annum and matures on May 10, 2022. The term loan is to be repaid in equal monthly payments of principal and interest calculated based on a 20-year amortization schedule, plus a final balloon payment of approximately $1.67 million at maturity. On April 27, 2017, the company also entered into a one-year revolving credit facility for an aggregate amount of $1.0 million with the lender. The Line of Credit bears interest at a variable rate of the Wall Street Journal Prime Rate plus 0.25% per annum and matures on May 10, 2018. The Line of Credit is to be repaid in monthly payments of interest only, with all principal and interest to be payable in full at maturity.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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