Converge Technology Solutions Announces Partnership with Tony Stewart Racing Company
Rhea-AI Summary
Converge Technology Solutions Corp. (TSX: CTS) (OTCQX: CTSDF) has announced a multi-year partnership with Tony Stewart Racing (TSR) as an associate sponsor in the NHRA Mission Foods Drag Racing Series. Converge will provide data analytics, visualization, and cloud storage services to TSR's Top Fuel and Matt Hagan's Funny Car teams. The partnership will officially begin at the 2025 NHRA Gatornationals in Gainesville, Florida, from March 6-9. This marks Converge's first venture into motorsports partnership and marketing, building upon their previous collaboration with TSR on an IBM Watson data analytics case study from 2023-2024.
Positive
- Secured multi-year sponsorship agreement with Tony Stewart Racing
- Exclusive technology partnership in NHRA racing series
- Expansion into new market segment (motorsports)
Negative
- None.
News Market Reaction
On the day this news was published, CTSDF declined 3.47%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
As part of this agreement, Converge will assist both Tony Stewart's Top Fuel and Matt Hagan's championship-winning Funny Car teams with data analytics and visualization, as well as cloud storage. Converge and TSR's partnership will commence immediately, with the alliance at the forefront of the start of the 2025 racing season, beginning March 6-9 for the NHRA Gatornationals in
"I'm thrilled to welcome Converge Technology Solutions to TSR in the NHRA," said Tony Stewart, Team Owner of TSR. "Our alliance with Converge gives depth through data for effective decision making. Their technology will allow TSR to streamline our operations and become the catalyst for growth. Matt Hagan and I couldn't be more pleased to represent them."
"Converge is thrilled to be partnering with Tony Stewart Racing to provide their organization with solutions that leverage data science for analytics to accelerate their racing program," stated Greg Berard, Chief Executive Officer of Converge. "We're proud to be TSR's only technology partner and to enter into the arena of motorsports marketing. We look forward to a strong partnership with the TSR organization and to ongoing success together – both on and off the track."
About Converge
Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.
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SOURCE Converge Technology Solutions Corp.
FAQ
When does Converge Technology Solutions (CTSDF) partnership with Tony Stewart Racing begin?
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