AGC Networks To Acquire Fujisoft in Middle East

Proposed acquisition is subject to approval from Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi.

Mumbai, India / Dallas, Texas / Pittsburgh, Pennsylvania:  May 31, 2020: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), a Global Solutions Integrator and an Essar enterprise, today announced that it will be acquiring Fujisoft (along with its associated companies in UAE) through its indirect subsidiary – Black Box Holdings Limited Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi.

The acquisition of Fujisoft will substantially increase and strengthen AGC’s presence and offerings in the MEA region. This will also enhance the current solution portfolio of AGC and Black Box across Cloud Computing & Virtualization, Cyber Security, Managed SoC & NoC, Managed Services, Data Center and Collaboration solutions.

“We are excited to welcome Fujisoft team members as part of the AGC family,” said Sanjeev Verma, Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation. “This acquisition accelerates our expansion in MEA region.  In our pursuit to remain the customer’s trusted partner in providing technology solutions and services, the combination of Fujisoft and AGC will strengthen our relationship and relevance with our combined customers in the region.” Verma continued.

Albert Raj, Managing Director, Fujisoft said “This acquisition is a logical next step that creates substantial value for customers and stakeholders of both AGC and Fujisoft. It will truly benefit customers and business partners through expanded product portfolio and service excellence in the Middle East region and beyond.”

Deepak Kumar Bansal, Chief Financial Officer, AGC Networks said “Bringing Fujisoft under the umbrella of AGC Networks will surely enable customers to garner the cross leverage across AGC and Black Box solution offerings and services support base in the region.”

Rohit Himatsingka, Vice President & Head Corporate Development & Strategy, AGC Networks said “Operating within the restrictive parameters of Work from Home during the current COVID times and under the new normal, this challenging and unique acquisition by AGC is in the wake of our focused approach on continuing to be at the forefront to offer the best technology solutions and services in the various markets that we operate in.”

About AGC Networks:

AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBER-i), Digital Transformation & Applications including SimpleEdge and Technology Product Solutions (TPS) to evolve the customer’s digital landscape.

AGC’s ability to tailor solutions across quadrants is strengthened through delivery of seamless Customer Support Services. By providing best in class customized solutions across the globe, AGC is the customer’s trusted go-to technology solution integrator to architect, deploy, manage and secure their IT environment to accelerate their business. With dominance in India in the Enterprise Communication space, the combined entity is a strong player in the U.S and Europe markets and has a 4,000 strong team base serving clients worldwide through an expanded offerings portfolio and an extended geographical reach across 30+ countries including North America, Latin America, Europe, Middle East & Africa, Asia Pacific & SAARC countries.

In collaboration with global technology leaders like Avaya, Commscope, McAfee, Palo Alto, Cisco, HPE, Prysm, Trend Micro, Juniper, Fortinet, Nutanix, Verint, UiPath, Poly, Genesys and Mitel among others, AGC delivers domain-focused, flexible and customized technology solutions and seamless services that accelerate customers’ business and ensures Return on Technology Investments (ROTI).

AGC Networks is an Essar Enterprise. For more information log on to www.agcnetworks.com

About Fujisoft:

Established in the year 2002 in Dubai, UAE as an Information Technology Solutions and Service provider, Fujisoft specializes in innovative IT solutions such as Information security, Communication & Collaboration, Managed Services, ELV & Security, Enterprise Networking, Cloud Computing and Virtualization, Datacentre, Software and Enterprise Mobility.

The company has grown in its stature through its satisfied customer base and has presence in Abu Dhabi and head office based in Dubai. The growth chart is the culmination of a dedicated sales and service team, rendering their expertise to diversified market segments in the region, with no compromise on the quality of services rendered.

Forward-Looking Statement

All of the statements in this document, other than historical facts, are forward-looking statements and are based on a number of assumptions that could ultimately prove inaccurate. Forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from expectations or projections. AGC and Black Box disclaim any obligation or undertaking to update or revise the forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Media Contacts: Neelam Kapoor   Tel: +91 98197 30611   E-mail: neelam.kapoor@agcnetworks.com 

Mike Carney        Tel: +1 214 258 1612    Email: legal.us@agcnetworks.com