Black Box News Details

Black Box Corporation Acquires Technology and Development Team from Cloudium Systems Ltd.

Mon. Apr 11, 2016

Summary

PITTSBURGH--(BUSINESS WIRE)-- Black Box Corporation (NASDAQ:BBOX), a leading technology solutions provider, today announced the acquisition of technology and intellectual property from Cloudium Systems Limited (Cloudium), a privately held company headquartered in Limerick, Ireland. The Cloudium development team also will join Black Box.

Content

  • Enables New Classes of KVM Products in Critical Control Centers and Data Visualization

    PITTSBURGH--(BUSINESS WIRE)-- Black Box Corporation (NASDAQ:BBOX), a leading technology solutions provider, today announced the acquisition of technology and intellectual property from Cloudium Systems Limited (Cloudium), a privately held company headquartered in Limerick, Ireland. The Cloudium development team also will join Black Box.

    Black Box will use these assets to strengthen its position in the High-Performance KVM and KVM-over-IP market place. The addition complements Black Box's portfolio of hardware solutions with software and development experience in the AV/IT Enterprise Management and Virtualization space, allowing Black Box to address growing customer needs for integrated Control Room and IoT Data Visualization solutions.

    "Black Box's product growth strategy is to expand our core assets with software and services that offer a complete solution to current and emerging target markets," said Josh Whitney , VP Technology Product Solutions & International Services. "We will leverage Cloudium's development capabilities and existing patents to deliver mission critical KVM systems. Additionally, we plan to deploy their AV/IT Enterprise Management platform to differentiate and round out our portfolio of Control Room and Data Visualization solutions."

    "Given our close partnership in the past, we've seen firsthand the many benefits of our relationship with Black Box" said John Hickey , former CEO of Cloudium and Senior Director of R&D and KVM systems. "The combination of our systems development experience in the KVM space combined with Black Box's incredible reach and strong brand recognition will create significant value for clients."

    About Black Box

    Black Box is a leading technology solutions provider dedicated to helping customers build, manage, optimize, and secure their IT infrastructure. Black Box delivers high-value products and services through its global presence and more than 3,500 team members. To learn more, visit the Black Box website at http://www.blackbox.com.

    Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.

    Any forward-looking statements contained in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this release. You can identify these forward-looking statements by the fact that they use words such as "should," "anticipate," "estimate," "approximate," "expect," "target," "may," "will," "project," "intend," "plan," "believe" and other words of similar meaning and expression in connection with any discussion of future operating or financial performance. One can also identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Although it is not possible to predict or identify all risk factors, certain risk factors are included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2015. We can give no assurance that any goal, plan or target set forth in forward-looking statements will be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments and caution you not to unduly rely on any such forward-looking statements.

    View source version on businesswire.com: http://www.businesswire.com/news/home/20160411005015/en/

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Contact Information:

Timothy C. Huffmyer

Vice President, Chief Financial Officer and Treasurer

724-873-6788

pr@blackbox.com