Tuesday, October 28, 2008
iBlack Box Corporation Announces Acquisition of Network Communications Technologies, Inc.
Network Communications Technologies, Inc. (NCT) represents approximately $10 million in annual historical Data Services revenues
PITTSBURGH, PENNSYLVANIA, October 28, 2008 -- Black Box Corporation (NASDAQ:BBOX - News) today announced the acquisition of Network Communications Technologies, Inc. (NCT), a privately-held company based out of Charlotte, NC. NCT has an active customer base which includes commercial, education and various government agency accounts. Annual historical revenues of NCT are approximately $10 million.
Scott Fairman, former NCT Chief Operating Officer, commented, “This is a great opportunity for NCT. Not only will we have the Black Box name behind us, but also the capability to expand our offerings for existing customers and the resources to gain additional customers.” Mr. Fairman will continue with the business as Regional Operations Manager reporting to Mr. Gary Williams, Vice President and Regional General Manager for Black Box’s Voice Services operations.
Commenting on the acquisition, Mr. Williams stated, “We are excited about increasing our market share in the Carolinas with the acquisition of NCT. They will now have the capability to provide additional Voice, Data and Hotline services to meet their customers’ increasing demands for multi-location support."
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
About Black Box
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 175,000 clients in 141 countries with 191 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Director – Investor Relations
Black Box Corporation