Black Box shops for acquisitions
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Black Box Corporation, a supplier of enterprise network infrastructure and services based in Lawrence, Penn., has been as busy as any other shopper this holiday season, with no less than three acquisitions announced already this month.
Within the last week, the company has announced it is acquiring Converged Solutions Group, a network services firm in Nashville, Tenn. Black box also has bid to acquire IP telephony vendor NextiraOne, having signed letter of intent for a deal it hopes to close by March 2006. Of the NextiraOne agreement, Fred Young, CEO of Black Box, said in a statement, "We are very excited about the strategic potential of this proposed acquisition. NextiraOne has significant revenues with a large installed base of many high quality clients. Relative to the NextiraOne Team, they have valuable industry expertise that we will look to leverage."
NextiraOne USA executives said an acquisition by Black Box would improve the company's capabilities to offer service to government customers, as well as full life-cycle services to all customers.
As part of this combination, Black Box will continue to fully support installed and new voice technology requirements for all NextiraOne clients, the statement said. Black Box will also continue to be a Strategic Authorized National Nortel Elite Business Partner for all of Nortel's products and services throughout the USA and Canada.
Earlier this month, Black Box also announced the acquisition of Communication is World Interactive Networking (C=WIN). Black Box has not disclosed financial terms for any of the acquisitions.
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