Mutual Telecom Services Inc. (MTS) Represents Approximately $46
Million in Annual Historical Revenues
Black Box Corporation (NASDAQ: BBOX) today announced the acquisition of
Mutual Telecom Services Inc. (MTS), a privately-held company based out
of Needham, MA. MTS is a global telecommunications services and
solutions provider primarily servicing clients in the Department of
Defense and other federal agencies. Annual historical revenues of MTS
are approximately $46 million.
Steven Clancy, former MTS owner, commented, “We
are excited about our potential to make an immediate impact to the
success of Black Box through our unparalleled service delivery
capability and broad customer base.” Mr.
Clancy will report to Terry Blakemore, Black Box President and Chief
Executive Officer.
Commenting on the acquisition, Mr. Blakemore stated, “MTS
has built an industry-leading voice solutions engineering and
implementation capability, complemented by a global logistical
deployment arm capable of conducting industry-leading operations in the
harshest locations which include Iraq and Afghanistan. This acquisition
will add depth to our voice solutions engineering resources, as well as
broaden our worldwide implementation capabilities.”
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 189 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.
Black Box Corporation
Investor
Relations
Mike McAndrew, Chief Financial Officer,
724-873-6788
Email: investors@blackbox.com
