June 26, 2017 2:44 PM ET

IT Services

Company Overview of Maintech, Incorporated

Company Overview

Maintech, Incorporated provides infrastructure support services for corporate IT enterprises in North America. It offers managed services, such as program management, design and implementation, disaster recovery/business continuity, remote performance monitoring, system administration, tier 1 help desk, E-mail management, patch management and software distribution, security management, and LAN/WAN/voice services. The company also provides data center services, including OEM platform performance reporting, on-site hardware maintenance and server repair, network device maintenance and support, asset and configuration tracking, upgrade planning and project management, and server consolidation. ...

4 Commerce Drive

Cranford, NJ 07016-3520

United States

Founded in 1972

Phone:

973-330-3200

Fax:

973-472-4572

Key Executives for Maintech, Incorporated

Chief Operating Officer, Vice President and General Manager
Senior Vice President of Enterprise Operations
Vice President of Infrastructure Services
Vice President and General Manager of Volt Networks
Compensation as of Fiscal Year 2016.

Maintech, Incorporated Key Developments

Maintech and Lenovo Sign Agreement on Hyperscale Product Support

Maintech announced a partnership with Lenovo to provide a range of hardware support services to Lenovo customers with Hyperscale and grid computing environments. Under the terms of the agreement, Maintech will provide its Hyperscale Service Framework to Lenovo customers requiring any number of break/fix and other infrastructure support solutions for their cloud, grid and converged infrastructures. Maintech's Hyperscale Service Framework is designed to streamline a Hyperscale implementation, reduce costs and increase the efficiency of large enterprise-computing environments. The framework enables optimal service levels, continuous quality improvement and precise forecasting of third-party IT infrastructure support costs. Maintech will provide installation, on-site and remote technical support services and handle parts management for Lenovo customers worldwide.

Maintech, Incorporated Enters into $10 Million 364-Day Secured Revolving Credit Agreement

On February 17, 2016, an indirect wholly-owned subsidiary of Volt Information Sciences Inc. (Company), Maintech, Incorporated, as Borrower, entered into a $10 million 364-day secured revolving credit agreement with Bank of America, N.A., as Lender. The credit agreement was entered into to provide short-term flexibility for working capital purposes. The credit agreement provides for revolving loans as well as a $100,000 subline for letters of credit and is subject to borrowing base and availability restrictions and requirements. The credit agreement contains certain customary representations and warranties, events of default and affirmative and negative covenants. The Borrower may optionally terminate the credit agreement and repay the borrowings prior to the expiration date, without premium or penalty at any time by the delivery of a notice to that effect as provided under the credit agreement. It is anticipated that the credit agreement will be terminated before a sale of the Borrower. Interest under the credit agreement is one month LIBOR plus 2.75% on drawn amounts and a fixed rate of 0.375% on undrawn amounts. The credit agreement is secured by assets of the Borrower, including accounts receivable. In addition, on February 17, 2016, the company entered into a limited guaranty agreement pursuant to which it guaranteed the obligations of the Borrower under the credit agreement of up to $3 million.

Volt Information Plans To Sell Maintech

Volt Information Sciences Inc. (AMEX:VISI) plans to sell Maintech, Incorporated and has also commenced the sale process.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2017
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