Black Box Corporation Announces Acquisition of InnerWireless, Inc
Posted on Tuesday, January 31, 2012
PITTSBURGH, PENNSYLVANIA, January 31, 2012 -- Black Box Corporation (NASDAQ:BBOX), a leading communications system integrator dedicated to designing, sourcing, implementing and maintaining today’s complex communications solutions announced today that it has acquired InnerWireless, Inc. (InnerWireless), a privately-held company headquartered in Richardson, TX. InnerWireless is the first Black Box acquisition in the rapidly-growing in-building wireless market. InnerWireless enables mission and life critical in-building wireless in every industry from healthcare to Fortune 500 enterprises. The InnerWireless Horizon4GTM Distributed Antenna System (DAS) delivers guaranteed wireless coverage and engineered capacity for maintaining mobile connectivity and optimizing wireless service levels. InnerWireless sells and services solutions throughout the continental U.S.
Chris McCoy, former Chief Executive Officer of InnerWireless, commented, “We are very excited to merge our advanced wireless capabilities with the broad geographic footprint and deep organic resources of Black Box. The InnerWireless team has built a unique and valuable value proposition in the DAS market. As part of Black Box we will be able to combine our efforts to bring our solutions to a larger, growing market.”
Commenting on the acquisition, Terry Blakemore, CEO of Black Box stated, "I am delighted to welcome the entire InnerWireless team to Black Box. They have built a leadership position in the in-building wireless market, and adding their expertise to our broad portfolio of communication solutions will enable Black Box to continue to serve our clients with the very latest in communications technologies."
InnerWireless recorded annual historical revenues of approximately $26 million.
About Black Box
Black Box is a leading communications system integrator dedicated to designing, sourcing, implementing and maintaining today’s complex communications solutions. Black Box services more than 175,000 clients in 141 countries with 198 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. Horizon4G™ is a trademark of InnerWireless. Any third-party trademarks appearing in this press release are acknowledged to be the property of their respective owners.
Contact: Black Box Corporation
Director – Investor Relations
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