Paragon Development Systems acquired by Canadian company

The Paragon Development Systems office in Brookfield. Photo courtesy of Google Maps.

Brookfield-based Paragon Development Systems, Inc. has been acquired by Toronto-based Converge Technology Solutions Corp. Terms of the deal were not disclosed. A press release from Converge Technology Solutions Corp. states that consideration for the purchase consisted of $52 million in cash paid at closing. Positive net working capital was also paid out at closing. Paragon

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Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.

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