Modcomp Named to CRN's 2014 Solution Provider 500 List

Modcomp Named to CRN's 2014 Solution Provider 500 List

Annual List Ranks the Channel's Top Technology Integrators

BILLERICA, Mass., June 9, 2014 (GLOBE NEWSWIRE) -- CSP, Inc. (Nasdaq:CSPI), a
provider of IT solutions, systems integration services and dense cluster
computing systems, today announced that its North America subsidiary, Modcomp,
has been named to the 2014 Solution Provider 500 (SP500) list by The Channel
Company's CRN. The list ranks the top revenue-generating technology
integrators in the U.S. and Canada, whose forward-thinking approach to the
channel has helped them evolve and thrive in today's cloud and services-driven
IT era.

The CRN list spans eight categories from hardware and software sales, to
managed IT services. This year, Modcomp increased its annual ranking to 197 of
the 500 IT solution providers. Revenue size is determined by the amount of
annual products and services sold over the course of 2013.

"Modcomp is very pleased to be recognized again on the Solution Provider 500
list from The Channel Company, and we were excited to learn that we are moving
up on the list. We are committed to staying on top of trends, and delivering
the highest level of IT services and solutions to our customers," said Victor
Dellovo, President and CEO of CSPI and Modcomp.

"The annual Solution Provider 500 represents those companies that truly
understand the needs of customers today as the IT landscape evolves," said
Robert Faletra, CEO, The Channel Company. "With so many options, this list has
become an invaluable resource for vendors working hard to navigate the
solution provider community and identify the best partner for their business.
We congratulate the featured solution providers and look forward to covering
their continued success."

A sampling of the 2014 SP500 list is featured in the June issue of CRN
Magazine and is featured online at www.crn.com and in the CRN Tech News app,
available for iPad and Windows 8.

About Modcomp

Headquartered in Deerfield Beach, Fla, and founded in 1970, Modcomp is a
wholly owned subsidiary of CSP Inc. (Nasdaq:CSPI), Globally, Modcomp is a
provider of IT managed services and professional services. Modcomp partners
with the world's leading IT software and infrastructure companies and provides
solutions and services for complex IT environments including data center
architecture, virtualization and cloud computing, unified communications,
wireless network infrastructure, storage/backup and disaster recovery, data
loss prevention and other areas. More information about Modcomp is available
on the company's website at www.modcomp.com.

About CSP Inc.

Based in Billerica, Massachusetts and founded in 1968, CSP Inc. (Nasdaq: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. CSP, Inc'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 IT
solutions segment, and has offices in North America and Europe. Modcomp
provides a variety of solutions and services for complex IT environments. More
information about CSP, Inc. is available at www.cspi.com. To learn more about
Myricom or Modcomp, Inc., please visit www.myricom.com and www.modcomp.com.

About The Channel Company

The Channel Company is the channel community's trusted authority for growth
and innovation, with established brands including CRN, XChange Events, IPED,
and SharedVue. For more than three decades, we have leveraged our proven and
leading-edge platforms to deliver prescriptive sales and marketing solutions
for the technology channel. The Channel Company provides Communication,
Recruitment, Engagement, Enablement, Demand Generation and Intelligence
services to drive technology partnerships. Learn more
atwww.thechannelcompany.com.

CONTACT: Michele M. Merrell
         Vice President, Global Marketing & Communications
         Modcomp
         800.940.1111
         mmerrell@modcomp.com
        
         Betzi-Lynn Hanc
         The Channel Company
         508.416.1182
         bhanc@thechannelcompany.com

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