CSPI's Modcomp Germany Subsidiary Signs Multi-Million Dollar Managed Services Contract

CSPI's Modcomp Germany Subsidiary Signs Multi-Million Dollar Managed Services
Contract

Company to Provide End-to-End Managed Services for International IT Services
Company

BILLERICA, Mass. and COLOGNE, Germany, Feb. 24, 2014 (GLOBE NEWSWIRE) -- CSP,
Inc. (Nasdaq:CSPI), a provider of IT solutions, systems integration services
and dense cluster computing systems, today announced that its Modcomp Germany
subsidiary has signed its largest managed services contract to date. The
multi-million dollar agreement provides end-to-end managed security services
to an international information technology services company for three years.

The contract extends Modcomp's existing relationship with the information
technology services company, and encompasses 24x7 on-site security services to
its global customer base. The services provided under this contract include
hotline and online support, escalation procedures, updates, patches and bug
fixes, on-site hardware exchange and system recovery.

"Modcomp's extensive experience in delivering managed services solutions was a
key factor in winning this contract and expanding our relationship amid tough
competition," said Frank Puetz, Managing Director for Modcomp. "Having
partnered with this customer for several years, we fully understand what is
required to deliver the highly responsive managed security services they
require."

In meeting the contract deliverables, Modcomp will use technology from Check
Point, Juniper Networks, McAfee, Sourcefire, Tufin, Radware, F5 Networks and
Tripwire to proactively ensure a high security standard for users, regardless
of the device or type of connection they use.

Modcomp delivers IT solutions that include managed IT services and
professional services in North America and Europe. Modcomp's managed services
offering includes monitoring and management of servers, work stations,
networks, security and backup. The company's 24x7 operations center
supplements customers' existing networks and provides IT support to accelerate
resolution of infrastructure failures and manage performance.

About CSP, Inc.

Based in Billerica, Massachusetts and founded in 1968, CSP, Inc. (CSPI) and
its subsidiaries develop and market IT integration solutions and
high-performance computer systems to meet the diverse requirements of our
industrial, commercial, and defense customers worldwide. CSPI's Systems
segment includes the MultiComputer Division, which designs and manufactures
commercial high-performance computer signal processing systems for a variety
of complex real time applications in defense and commercial markets. The
company recently acquired Myricom, a pioneer in high performance computing
interconnect technology. Founded in 1970, Modcomp, Inc. is part of CSPI's
Service and Systems Integration segment, and has offices in North America and
Europe. Modcomp provides solutions and services for complex IT environments
including disaster recovery, mobility, managed services, security, data center
management, and collaboration. More information about CSPI is available at
www.cspi.com. To learn more about Myricom or Modcomp, Inc., please visit
www.myricom.com and www.modcomp.com.

About Modcomp Germany:

Modular Computer Systems GmbH, known as Modcomp in Germany, is a part of CSP,
Inc. (CSPI). Modcomp has been in Germany for 40 years, and its client base
includes many renowned companies in different industry sectors, such as
manufacturing, telecommunications, energy, banking and insurance. Modcomp has
a presence in both North America and Europe, and offers various IT services
including managed services and professional services. To learn more about
Modcomp Germany, please visit www.modcomp.com or www.modcomp.de.

CONTACT: Media Relations Contact:
         Michele M. Merrell
         Modcomp
         Vice President, Global Marketing & Communications
         mmerrell@modcomp.com
         +1-954-571-4622
        
         Ulrich Wickers
         Modular Computer Systems GmbH (Modcomp Germany)
         Business Development Manager
         Ulrich.wickers@modcomp.com
         +49 (0) 221 954466-28

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