You need to upgrade your Flash Player
You are now using a guest account at UpDown that will expire in 7 days on November 30. Sign up below to join the site and save your portfolio.
Note: If you already have an UpDown account , please log in.

BLACK BOX CORP (BBOX) 28.69 green arrow $2.39 (9.09%) 03:19AM (15 mins delay)


 October 5, 2009 - 12:02 PM EDT
Print Email Article Font Down Font Up Charts
Black Box Corporation Announces Acquisition of Quanta Systems, LLC
Black Box Corporation Announces Acquisition of Quanta Systems, LLC

Oct. 5, 2009 (Business Wire) -- Black Box Corporation (NASDAQ:BBOX) today announced the acquisition of Quanta Systems, LLC (Quanta), a privately-held company headquartered in Gaithersburg, MD. Quanta has an active customer base which includes various United States Department of Defense and government agency accounts. Annual historical revenues of Quanta are approximately $12 million.

Black Box acquired Quanta from CompuDyne Corporation, a portfolio company of the Los Angeles-based private equity fund The Gores Group.

“Quanta’s security and command center solutions combined with Black Box’s world-class infrastructure solutions will provide our worldwide Federal customers distinct advantages and value,” commented Jeff Murray, Sr. Vice President and GM for Black Box’s Federal Division. “We are very excited to have the added capabilities that Quanta offers, which will give us a distinct competitive advantage in the Federal market, as we continue to evolve and expand our Federal programs.”

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 more than 175,000 clients in 141 countries with 193 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.


Source: Business Wire (October 5, 2009 - 12:02 PM EDT)

News by QuoteMedia
www.quotemedia.com



Make a suggestion for this page

Investing Channel Logo

Data powered by QuoteMedia (Terms of Use). Data delayed 15 minutes unless otherwise indicated.