Monday, April 04, 2005
Black Box Corporation Announces Acquisition
of Telecommunications Systems Management, Inc.
Telecommunications Systems Management, Inc. represents approximately
$16 million of historical Voice Services annual revenue
PITTSBURGH, PENNSYLVANIA, April 4, 2005 - Black Box Corporation (NASDAQ: BBOX) today announced the acquisition of Telecommunication Systems Management, Inc. (TSM)
TSM is a privately held corporation founded in Virginia in 1988 by Jack Regan and Charles Gill, who will remain active in the company in leadership roles. Since its inception, TSM has experienced steady revenue growth and expansion of its customer base. “We are excited about joining forces with Black Box, and look forward to the expanded capabilities and products we will be able to offer customers,” stated Mr. Regan. Mr. Gill added, “We have extensive experience and a strong technical support staff, which will enhance the overall technical support capabilities of the combined organization.” Annual revenues of TSM were approximately $16 million for the 12 months ended December 31, 2004.
TSM’s customer base includes the federal government, local and state government, hospitals, universities and commercial accounts.
Commenting on the acquisition, Gary Williams, General Manager of Black Box’s Voice Services operations, stated “We are very excited to be combining operations with Telecommunication Systems Management. TSM has an excellent reputation for providing high quality voice services for large complex and multi-site locations and is ideally positioned to enhance Black Box's offerings in this market.”
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
Black Box is the world’s largest technical services company dedicated to designing, building and maintaining today’s complicated data and voice infrastructure systems. Black Box services 152,000 clients in 141 countries with 122 offices throughout the world.
Black Box and the double diamond logo are registered trademarks of BB Technologies, Inc.
Black Box Corporation