Black Box Corporation Explained

Black Box Corporation
Type:Private
Traded As:NASDAQ:
Foundation:, in Lawrence, Pennsylvania
Location:Plano, Texas
Area Served:Worldwide
Parent:Essar Group
Key People:Sanjeev Verma (CEO)
Num Employees:3800
Services:IT Services
5G
Data Centers
Cyber Security
Unified communications
KVM
Digital Signage
Network Management
Network Security
WAN Optimization
Industry:Technology

Black Box Corporation is an IT company headquartered in Texas, United States.[1] The company provides technology assistance and consulting services to businesses in a variety of sectors including retail, transportation, government, education, and public safety. Black Box operates in 75 locations across 35 countries. In 2022, Black Box had more than 3,800 employees worldwide.[2]

History

The company was founded in 1976 as Expandor Inc. by Eugene Yost and Richard Raub in Lawrenceville, Pennsylvania.[3] [4] In 1982, the company changed its name to Black Box Corporation and released its well-known Black Box Catalog.[5]

Following a temporary dip in operations during Black Monday of 1987, Odyssey Partners bought the company through a leveraged buyout in 1988. In 1989, one of its divisions, “Interlan,” was sold to Racal.[6] [7]

1990s

After suffering losses from debt servicing, Black Box Corporation underwent a restructuring in 1990.[8] Its telecom product business was divided into a subsidiary called Micom Communications Corporation. Under the name MB Communications, an initial public offering was registered at NASDAQ in December 1992. Micom Communications unit was spun off and acquired by Northern Telecom (Nortel) in June 1996.[9] Micom had money troubles and did some kind of share buy back in 1988. All the other companies were gone and BB was left. BB was then considered the parent company of Micom.[10]

In May 1997, Black Box Corporation’s board of directors authorized management to buy back the company's stock, depending on market prices and other factors. In 1998, the company started offering on-site data and infrastructure services in the United Kingdom that further expanded throughout Europe and the Pacific Rim.[11]

The profitable catalog sales business changed its name to Black Box Incorporated.[12] [13]

2000s

From 2000 to 2010, Black Box Corporation formed partnerships in the USA with key IT service providers, including Cisco, Avaya, NEC, and Unify. There were about 120 acquisitions and mergers overall.[14] [15]

AGC Networks

In Mumbai, AGC Networks Limited was established in 1986 under the name Tata Telecom Ltd., promoted by Tata Industries Ltd (TIL). Manufacturing electronic private automated branch exchanges (EPABX) was one of its main goals, and it also offered services like software integration, installation, commissioning, and service support.[16]

With the Japanese company OKI Electric Industrial Co. Ltd. (OKI), Tata Industries Limited signed a technical assistance and license agreement as well as a supplemental agreement. The company established new service facilities in Guwahati, Nagpur, Pune, Jammu, and Baroda in 1990. With Japan Radio Co. Ltd. (JRC), the business signed a technology transfer and license agreement in 1991 for equipment with 30 and 120 digital UHF channels.[17]

In order to create a new business called "Trans India Network Systems Private Limited," Tata Telecom and AT&T Network Systems International Inc. USA entered into a joint venture agreement in 1994. Its goal was to produce OPTIMUX and 2Mb/S systems, MAR systems, SLC 120 network access systems, and related modules.[11]

As AT&T left, Tata Telecom and Avaya Systems established a joint venture in 1996. In India, Tata Telecom introduced a line of call centre products in 2000 that it had purchased from its joint venture partner Avaya Communications (formerly Lucent Technologies). Tata Telecom, the joint venture between Tata and Lucent Technologies, was known as a Tata-Avaya. Once the Tata Group sold its 25.1% ownership in Tata Telecom to its joint venture partner, Avaya Inc., the company Avaya Global Connect was created.[18]

AGC Networks Limited was created in 2010 after Essar Group purchased Avaya Global Connect from Avaya Inc.[19]

Transcend United Technologies, established in the US, was purchased by AGC Networks in 2011. Via this acquisition, AGC Networks widened its market reach to the States.[20]

In 2015 AGC Networks acquired Ensource Business, providing services in healthcare vertical.[21]

Rebranding

In 2019, Black Box Corporation was acquired by AGC Networks.[22] In 2021, AGC Networks changed its name to Black Box.[23]

Services and operations

The business is organized as follows:

Acquisitions

data-sort-type="text"Namedata-sort-type="date"Acquisition datedata-sort-type="text"Activitiesdata-sort-type="text"Country of HQDescriptionSources
NorstanDecember 2004voice services providerThe acquired company provided communication technology services.[24] [25]
Universal Solutions of North America, LLCAugust 2005voice and data network systemsThe acquired company provided data, voice, and hotline products and services when it was taken over.[26]
NextiraOne, LLCApril 2006Telecommunication ServicesHouston, USAThe acquired company provided voice technology services.[27]
CBS Technologies Corp. (CBS)October 2009Telecommunication ServicesIslandia, New YorkThe acquired company provided telecommunication services.[28]
Avaya Global ConnectMay 2010Unified CommunicationsIndiaEssar group Acquired IT wing of Avaya Global Connect in India and renamed it AGC Networks[29]
Logos CommunicationsOctober 2010Unified communications, wireless LAN, routing & switching and securityWestlake, OhioThe acquired company provided unified communications, wireless LAN, routing & switching.[30]
InnerWireless, Inc. January 2012In-building wireless Systems, Horizon4GTM Distributed Antenna System (DAS)The acquired company provided communication solutions, especially Wireless communication.[31]
Transcend United March 2013Global IT systems integrationThe acquired company provided Unified Communications, Data Center Infrastructure, and Managed Services.[32]
Ensource Inc.June 2015ICT solutions integratorThe acquired company provided services in the complex healthcare vertical market.
Cloudium Systems Limited (IPR)April 2016KVM ProductsLimerick, IrelandThe acquired company provided in IT services.[33]
Black BoxJanuary 2019Global Solution Integration & Technology Product SolutionLawrence, USAKey business areas of Black Box were Solution Integration and Technology Products Solutions when it was acquired by AGC Networks.
FujisoftJune 2020Cloud SolutionMiddle EastThe acquired company provided IT Services company providing Cloud Computing & Virtualization services in the Middle East.[34]
PyriosAugust 2020Cloud SolutionAustraliaPyrios was a cloud services company.[35]
MobiquestOctober 2020mobile application design, development and support providerSingaporeThe acquired company provided Mobile and smart sensor technologies and services.
Z ServicesMarch 2021Cybersecurity & Cloud SolutionsUAEThe acquired company provided Cyber Security Cloud services provider in UAE.[36]
Dragon FlyMarch 2021Cybersecurity & AutomationAustraliaThe acquired company provided Cybersecurity, Enterprise Networking & Automation company in Australia.[37]

Awards

Locations

Black Box has operations in the following locations:

Asia Pacific: China, India, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Bangladesh, and Hong Kong.
America: Brazil, Chile, Costa Rica, Colombia, Puerto Rico, Mexico, Canada, and the USA.
Europe: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, and United Kingdom.
Oceania: Australia and New Zealand.
Middle: East Saudi Arabia and UAE.
Africa: Kenya.

Notes and References

  1. Web site: Bureau . BW Online . 28 September 2022 . Middleweight Rank 2: Globally Aligned . 2022-11-10 . BW Businessworld . en.
  2. Web site: Results . Annual . March 2022 . Black Box Ltd. - Results Performance, Latest Financials, Stock Scores, and Fundamental Analysis . 2022-11-10 . Trendlyne.com . en.
  3. Web site: Eugene Yost, Obituary . . December 13, 2006 . https://web.archive.org/web/20171201040056/http://www.legacy.com/obituaries/postgazette/obituary.aspx?n=eugene-yost&pid=20265436 . December 1, 2017.
  4. Web site: Vault Guide to Top Tech Employers (2009) . https://web.archive.org/web/20171201030557/https://documents.mx/embed/vault-guide-to-top-tech-employers-2009 . 2017-12-01.
  5. Web site: Black Box Corporation . PC Magazine . October 13, 2016 . live . https://web.archive.org/web/20161018203247/http://www.pcmag.com/encyclopedia/term/38732/black-box-corporation . October 18, 2016 .
  6. Web site: Racal to acquire Interlan for $57 million - UPI Archives . 2024-01-29 . UPI . en.
  7. News: What does Rohm and Hass think about the Black Box Protocol Converter A/S-1? . Computerworld . November 24, 1980 . 62 . October 13, 2016 .
  8. News: July 17, 1990 . Black Box Hopes to Raise $98 Million With Offerings . Los Angeles Times . live . October 14, 2016 . https://web.archive.org/web/20161018222356/http://articles.latimes.com/1990-07-17/business/fi-316_1_black-box-offered . October 18, 2016.
  9. Web site: June 17, 1996 . Schedule 13 D/A: Tender Offer Statement . https://web.archive.org/web/20161018221135/https://www.sec.gov/Archives/edgar/data/920611/0000903423-96-000051.txt . October 18, 2016 . October 14, 2016.
  10. Web site: Post-Buyout Cuts Put Micom Back in the Black : Computers: The Simi Valley-based maker of communications equipment says layoffs and cost-cutting led to profit. . Los Angeles Times . 14 November 1989.
  11. Web site: Black Box History Black Box Information . The Economic Times . en.
  12. Web site: Black Box Corporation History . live . https://web.archive.org/web/20161018202502/http://www.fundinguniverse.com/company-histories/black-box-corporation-history/ . October 18, 2016 . October 13, 2016 . Funding Universe.
  13. Web site: February 14, 1994 . Form SC 13G/A . live . https://web.archive.org/web/20161018203211/https://www.sec.gov/Archives/edgar/data/315066/0000315066-94-000729.txt . October 18, 2016 . October 13, 2016 . US SEC.
  14. Book: Network World . 1989-06-05 . IDG Network World Inc . en.
  15. Web site: Press . St. James . 1998 . History of Black Box Corporation – FundingUniverse . 2022-11-10 . www.fundinguniverse.com.
  16. Web site: AGC Networks Limited . careratings.com.
  17. Web site: Black Box Ltd. . Business Standard India.
  18. Web site: BLACK BOX > Company History > Computers - Software > Company History of BLACK BOX - BSE: 500463, NSE: BBOX . Moneycontrol.com . en.
  19. Web site: Essar to acquire Avaya stake in AGC Networks . The Hindu . en-IN . 30 May 2010.
  20. Web site: Shinde . Shivani . AGC Networks acquires US-based Transcend United Technologies . Business Standard India . 18 March 2013.
  21. Web site: AGC Networks acquire business of Ensourse Inc . Moneycontrol . en.
  22. News: Bureau . ET . January 2019 . AGC Networks completes acquisition of Black Box Corporation . The Economic Times . 2022-11-10.
  23. Web site: News Service . India Infoline . November 2021 . AGC Networks sheds 2% after renamed as 'Black Box Limited' . 2022-11-10 . www.indiainfoline.com . en.
  24. Web site: Black Box acquires Norstan . www.sec.gov.
  25. Web site: Black Box acquired Norstan . Bizjournals.com.
  26. Web site: Charleston-based Universal Solutions sold to Black Box - Charleston Business News . CRDA.org . en.
  27. Web site: Black Box Corporation signs Purchase Agreement to Acquire . Bloomberg.com . en . 10 April 2006.
  28. Web site: Black Box Announces Acquisition Of CBS Technologies Corp. - Quick Facts . RTTNews.
  29. Web site: Avaya Global Connect Is Now AGC Networks . Firstpost . en . 3 May 2010.
  30. Web site: Black Box Corporation Announces Acquisition of Logos . Bloomberg.com . en . 25 October 2010.
  31. Web site: Black Box Acquires InnerWireless Mergr M&A Deal Summary . mergr.com.
  32. Web site: Shanbaug . Amit . AGC Networks announces acquisition of business of Transcend United Technologies . The Economic Times . 19 March 2013.
  33. Web site: Black Box acquires assets of KVM-over-IP specialist Cloudium Systems . Cablinginstall.com.
  34. Web site: AGC Networks to acquire Fujisoft to enhance presence in MEA region . The Economic Times . 1 June 2020.
  35. Web site: AGC Networks intimates of proposed acquisition by its indirect subsidiaries . www.business-standard.com . 10 June 2020.
  36. Web site: AGC Networks to acquire stake in Z Services HQ DMCC for $3.94 million . The Economic Times . 12 March 2021.
  37. Web site: Black Box acquires Dragonfly Technologies in Australia; Stock trades lower . indiainfoline.com . en.
  38. Web site: Best of Show at IBC 2022 winners announced . TVBEurope . 11 September 2022.
  39. Web site: Treadwell . Kristina . Best Places to Work - 2022 . Disability:IN.
  40. Web site: Search All Past Stevie® Winners and Finalists Stevie Awards . stevieawards.com.
  41. Web site: 2nd Annual NAB Show Product of the Year Awards . NABSHOW.com.
  42. Web site: SPECIAL MERIT - Black Box Emerald Unified KVM . Digitalmediaworld.tv.
  43. Web site: Black Box Network Services Wins Two Security Awards . Benzinga . English.
  44. Web site: 2013 Partner Programs Guide . . en.