Tuesday, July 26, 2011
Black Box Corporation Announces Acquisition of PS Technologies, LLC.
PS Technologies, LLC (PS Tech) represents approximately $28 million in annual historical revenues
PITTSBURGH, PENNSYLVANIA, July 26, 2011 -- Black Box Corporation (NASDAQ:BBOX) today announced the acquisition of PS Technologies, LLC (PS Tech), a privately-held company headquartered in Dayton, OH. PS Tech is the first Black Box acquisition in the rapidly-growing enterprise video communications market and services clients in the healthcare and government verticals. PS Tech is a Cisco TelePresence Video Master certified partner with expertise ranging from integration of remote offices via desktop conferencing to deployment of the latest in world class TelePresence technology. PS Tech sells and services solutions throughout the continental U.S., Europe and the Pacific Rim. Annual historical revenues of PS Tech are approximately $28 million.
Leo Flotron, former PC Tech President, commented, “The entire team is very excited to join our video capabilities and industry knowledge with Black Box. Our strategy has always been to provide superior video communications solutions to our clients. We believe that combining resources with Black Box enhances our ability to serve our clients in the emerging video communications market”. Mr. Flotron will report to Julie Lyda, Vice President and General Manger of Black Box.
Commenting on the acquisition, Ms. Lyda stated, "I am excited to welcome the entire PS Tech team to Black Box. They have earned a great reputation as a high-quality video solution provider. The addition of PS Tech to the Black Box family will greatly enhance our organic Cisco capabilities in the video and teleconferencing space. They will be an excellent addition to our company."
About Black Box
Black Box is a leading communications system integrator dedicated to designing, sourcing, implementing and maintaining today’s complete communications solutions. Black Box services more than 175,000 clients in 141 countries with 197 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. Any third-party trademarks appearing in this press release are acknowledged to be the property of their respective owners.
Contact: Black Box Corporation
Director – Investor Relations