Friday, December 16, 2005
Black Box Corporation Announces Acquisition of Communication is World Interactive Networking, Inc. (C=WIN)
Communication is World Interactive Networking, Inc. (C=WIN) represents approximately $24 million in historical voice services annual revenue
PITTSBURGH, PENNSYLVANIA, December 16, 2005 -- Black Box Corporation (NASDAQ:BBOX - News) today announced the acquisition of Communication is World Interactive Networking, Inc. (C=WIN) a privately-held corporation founded in 2000. C=WIN has an active customer base which includes commercial and various government agency accounts. Annual revenues of C=WIN were approximately $24 million for the twelve months ended December 31, 2004.
Kevin McCloskey, former President of C=WIN, commented, “Black Box and C=WIN share the same customer focused philosophy. Doing what is right for the customer has made us both successful.” Dan Fossitt, former CFO of C=WIN, added, “Black Box has a tremendous reputation for providing customer service in a very complex market, and I believe we will be able to deliver services more efficiently by utilizing the infrastructure Black Box has deployed.” Kevin McCloskey will remain active as Vice President of Atlanta Operations and Dan Fossitt as Financial Manager.
Commenting on the merger, Gary Williams, General Manager of Black Box Voice Services, stated: "C=WIN has a well-established reputation as a high quality voice services provider, which will complement our existing voice services operations. They bring us new customers, experienced management and professionals, enhanced geographic coverage and additional market share to compliment our existing base.”
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 152,000 clients in 141 countries with 140 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com.
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Black Box Corporation