Thursday, December 09, 2010
Black Box Corporation and Genesis Networks Enterprises, LLC Create Joint Venture Company
Establishes Minority Business Enterprise
PITTSBURGH, PENNSYLVANIA, December 9, 2010 -- Black Box Corporation (NASDAQ:BBOX - News) today announced the formation of a new joint venture company with Genesis Networks Enterprises, LLC (Genesis). Black Box will hold a minority interest in this new joint venture to be called Genesis Networks Integration Services, LLC. This venture, based on Genesis’ existing Networks Integration Services Division, strengthens and enhances Genesis’ ability to deliver and support voice and data communications solutions to its enterprise customers.
“Black Box is committed to partnering with best-in-class companies to help solve important customer problems,” said Terry Blakemore, Black Box Corporation President and CEO. “Through consistent demonstrated performance over the years, Black Box and Genesis have earned strong reputations in the market for delivering enterprise communications services.. By combining resources with Genesis, we both will be better positioned to capitalize on growth opportunities that separately would not be available to us and will provide a vehicle to strengthen and expand our existing customer relationships.”
“We are pleased to be working with Black Box and are excited about the opportunities that will be enabled by this joint venture,” said James Goodman, Chief Executive Officer of Genesis Networks Enterprises. “This partnership combines the complementary strengths of both Genesis and Black Box, allowing us to continue delivering industry-leading solutions and services to better serve our customers and their specific needs.”
About Genesis Networks
Genesis Networks is a privately-held provider of network, IT and supply chain solutions to the communications industry. The company provides its services through more than 700 employees in subsidiaries and offices around the world and is focused on powering the communications value chain. Genesis is headquartered in San Antonio, Texas. For more information, visit http://www.genesisnet.com.
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 195 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.
Contact: Black Box Corporation
Director – Investor Relations