Black Box Corporation (NASDAQ: BBOX) has acquired videoconferencing technology firm PS Technologies.
Black Box said the acquisition will expand its presence in the enterprise video communications market, where it will reach healthcare and government clients.
Ohio-based PS Tech has annual historical revenues of approximately $28 million.
Its former president Leo Flotron will report to Julie Lyda, vice president and general manger of Black Box.
PS Tech serves the continental U.S., Europe and the Pacific Rim as a Cisco TelePresence video master certified partner.
“I am excited to welcome the entire PS Tech team to Black Box, ” said Lyda. “They have earned a great reputation as a high-quality video solution provider. The addition of PS Tech to the Black Box family will greatly enhance our organic Cisco capabilities in the video and teleconferencing space. They will be an excellent addition to our company.”
