Black Box Corporation Announces Acquisition of Nortech Telecommunications, Inc.Nortech Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , Inc. (NTI NTI NewTech Infosystems (software company, Irvine, California) NTI Nuclear Threat Initiative NTI National Transit Institute (New Brunswick, New Jersey) NTI Nunavut Tunngavik Incorporated ) Represents Approximately $8 Million in Annual Historical Revenues PITTSBURGH Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. -- Black Box Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BBOX) today announced the acquisition of Nortech Telecommunications, Inc. (NTI), a privately-held company based out of Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , IL. NTI has an active customer base which includes commercial, education and various government agency accounts. Annual historical revenues of NTI are approximately $8 million. Larry Denison and Norman Kwak, former NTI owners, comment, "We are excited about becoming a part of the Black Box family. By joining forces with Black Box, we will be positioned to not only continue to provide our customers with the highest quality voice and data services, but also the best hotline 1. (company) Hotline - Hotline Communications Ltd.. 2. (messaging) Hotline - Hotline Connect. products and on-site services in the industry." Mr. Denison and Mr. Kwak will report to Rick Gannon, Black Box Regional General Manager. Commenting on the acquisition, Mr. Gannon stated, "NTI is a premiere provider of voice and data services in the Chicago area. With a high commitment to customer service and strong customer relationships, NTI will provide a solid base in this market to expand our industry-leading voice, data and hotline products and on-site services." 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 170 offices throughout the world. To learn more, visit the Black Box website at www.blackbox.com. Black Box and the Double Diamond logo are registered trademarks of BB Technologies, Inc. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion