AGC Networks, Inc. Announces Acquisition of the Business of Transcend United Technologies

  AGC Networks, Inc. Announces Acquisition of the Business of Transcend United
  Technologies

Business Wire

DALLAS -- March 19, 2013

AGC Networks, Inc., a global technology solutions provider, today announced
acquisition of the business of Transcend United Technologies LLC
(“Transcend”), North America. Transcend provides global IT systems integration
focused on Unified Communications, Data Center Infrastructure and Managed
Services having annualized revenues of approximately $43 M USD and 130
employees.

This acquisition is in line with AGC’s 10^3 growth strategy offering seamless
delivery of 10 key solutions, through 10 key alliances across 10 key
geographies. The acquisition of the business of Transcend positively impacts
solution offerings, newer alliances and prominent inroads in the large US
market. It represents a strategic opportunity for AGC and Transcend to combine
their respective strengths in innovation, technology and customer experience
to offer clients the industry’s leading suite of technology solutions.
Together, AGC and the business of Transcend will provide clients with
intelligent solutions that address the growing need for unified technology
systems in enterprise organizations spanning multiple industries.

The Transcend business will operate under the AGC Networks brand, and will be
led by Greg Forrest, President, Americas. Commenting on this acquisition, Greg
Forrest said, “We are delighted to welcome our employees from Transcend, who
will continue operations from their current offices providing clients with
enhanced technology solutions.”

“AGC conducted a diligent search to acquire a technology solutions provider
that aligned not only with our organization’s focus on developing the most
innovative technology solutions, but also with our commitment to providing an
exemplary customer experience,” said Forrest. “Through the combined business,
we plan to leverage the business of Transcend’s portfolio of specialized
services to offer greater depth of technology solutions to a broader audience
in North America. Additionally, the acquisition of the business of Transcend
further enhances AGC’s value proposition to ‘Enable Experience’ for our
customers.”

“This is a big win for our customers,” said Rick Hirsh, CEO of Transcend. “Our
ongoing initiatives to provide best-in-class solutions with the highest level
of customer service are now augmented by the depth and commitment of the AGC
team. Customers will benefit by having even greater access to solutions that
provide a competitive edge in today’s rapidly evolving business climate.”

Speaking on the occasion, S K Jha, Managing Director & CEO at AGC Networks,
said, “AGC Networks has built a strong reputation as a leading global
technology solutions integrator providing innovative technology in unified
communications, data center & virtualization, networking and enterprise
applications. This acquisition will equip us to leverage Transcend’s strong
expertise and customer base. Furthermore, the onboarded clients will benefit
from AGC’s seamless technology solutions delivered across the globe and AGC’s
clients benefit from Transcend’s technology alliances in North America.”

“Transcend’s core competencies in Unified Communications and Data Center
Infrastructure, together with the global presence of AGC, positions us as a
leader in this rapidly growing space,” added Sanjeev Verma, President, Global
Sales and Business Operations, AGC Networks.

About AGC Networks, Inc.

AGC Networks, Inc. is the US subsidiary of AGC Networks, a global company
enabling Enterprise Customer innovation, value and wealth creation by applying
leading technologies to business needs. With its business office in Las
Colinas, Texas, Dallas’ technology center, AGC Networks utilizes deep subject
expertise, global resources, experience and agility to deliver innovative
Enterprise cost management and increased service levels to internal and
external stakeholders. AGC Networks, Inc. offers a range of principal
competencies for multiple industries, business productivity and Enterprise
applications, communications, and technologies/solutions for infrastructure,
collaboration and security. Partnered with global leaders Avaya, Polycom, HP,
ShoreTel, Microsoft, Juniper Networks, Cisco and SAP, AGC Networks delivers
innovative processes and solutions to deliver customer value. For more
information, visit www.agcnetworks.com.

About Transcend United Technologies

Transcend United Technologies, headquartered in Philadelphia, is a leading
national services provider and technology integrator focused on unified
communications and data center infrastructure. Transcend maintains offices in
Minnesota, Texas, California, Ohio, Florida, Massachusetts, Illinois,
Connecticut, New York, Nebraska, North Carolina, Tennessee and India, and
supports over 1,500 customers.

This news release contains forward-looking statements. Forward-looking
statements (generally identified by such words as "expects," "plans,"
"believes," "likely," "anticipates" and similar words or expressions) reflect
management's current expectations, assumptions, and beliefs based upon
information currently available to management. Investors are cautioned that
all forward-looking statements are subject to certain risks and uncertainties
which are difficult to predict and that could cause actual results to differ
materially from those projected. These risks and uncertainties include: the
ability to successfully integrate employees and operations; the risk that the
expected cost savings and other synergies from the transaction may not be
fully realized, realized at all or take longer to realize than anticipated;
and other risks that affect the operation of our business, including
additional risks and important factors.

Contact:

Waller & Company Public Relations
Amber Remke, 918-587-1909
or
AGC Networks, Inc.
Chris Griffin, 214-258-1619
or
AGC Networks
Neelam Kapoor, +91 98197 30611
 
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