Clear Concepts
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Clear Concepts - overview
Established
2001
Location
Winnipeg, MB, Canada
Primary Industry
IT Security/Cybersecurity
About
Clear Concepts, based in Canada, provides specialized IT services aimed at enhancing operational efficiency through innovative technology solutions for various sectors including healthcare, education, and government. Founded in 2001 and headquartered in Winnipeg, Canada, Clear Concepts operates as a provider of IT services focusing on transforming traditional IT infrastructures into cloud-based systems. The company has engaged in one known deal, with its most recent activity being on November 10, 2025, when it was acquired by Convergence Networks, a portfolio company of Riverside Partners. Clear Concepts specializes in a variety of IT services tailored to improve operational efficiency across sectors such as healthcare, social services, education, and municipal government.
Their offerings include managed IT services, cloud computing solutions utilizing Microsoft Azure and Microsoft 365, cybersecurity measures, and consulting services. The company's focus on cloud transformation enables clients to reduce their physical IT footprint and enhance collaboration, data protection, and automation. Clear Concepts generates revenue primarily through subscription-based managed IT services, consulting projects, and long-term contracts with clients across multiple industries. Clients typically pay fixed monthly fees, which include service level agreements, allowing for stable revenue streams.
The company also provides specialized application support for electronic medical record systems in healthcare environments, reinforcing its presence in that sector. Following its acquisition on November 10, 2025, Clear Concepts will leverage its new partnership with Convergence Networks to expand its technology solutions and market presence within Canada. This strategic move aims to enhance the range of services offered while penetrating new geographic regions. The integration into Convergence Networks is expected to facilitate innovative product development and strengthen client relationships across a broader client base.
Current Investors
Convergence Networks
Primary Industry
IT Security/Cybersecurity
Sub Industries
Consulting Services, IT Infrastructure, IT Security/Cybersecurity, Software
Website
www.clearconcepts.ca
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Clear Concepts - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Clear Concepts | - |
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