AGC Networks acquires communications technology firm Pyrios
AGC Networks, an IT service management company, has completed its previously announced acquisition of Pyrios Pty Limited (Australia) and Pyrios Limited (New Zealand) through its indirect subsidiaries Black Box Networks Services Australia and Black Box Networks Services New Zealand, respectively.
Financial terms of the deal were not disclosed.
Pyrios is said to have expertise in communication technology and is engaged in offering customer engagement and workplace collaboration solutions. On the other hand, Black Box Networks Services is a digital solutions provider engaged in helping its customers design, build, handle, and secure their IT infrastructure.
Mark Charlesworth – Managing Director of Pyrios said: “This acquisition will see the bringing together of two complementary businesses that will provide a broader range of solutions and expertise to the Australian and New Zealand markets, and grow a rapidly expanding Customer Experience Cloud services business with the backing of a global organization.”
The acquisition of Pyrios is expected to significantly and bolster the footprint and offerings of AGC Networks and Black Box Networks Services in the Australian and New Zealand market. The deal will also improve the present solution portfolio of AGC Networks and its subsidiary in the UC and Contact center space and Cloud services, said AGC Networks, which is owned by Essar Global Fund.
Sanjeev Verma – Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation said: “This acquisition is a logical extension to AGC’s leadership in the Unified Communication & Enterprise Communication space. Our pursuit is to remain the customer’s trusted partner in providing technology solutions and services and this combination of Pyrios and AGC | Black Box will strengthen our relationship and relevance with our combined customers in the region.”