Hawaiian Telcom to Acquire SystemMetrics Corporation
2013年9月6日 - 5:00AM
Hawaiian Telcom Holdco, Inc. (Nasdaq:HCOM), Hawaii's leader in
integrated communications solutions, today announced that it has
entered into a definitive agreement to acquire SystemMetrics
Corporation in a cash transaction valued at approximately $16
million, subject to customary working capital adjustments and
earn-out provisions. SystemMetrics, which currently generates
annual revenues of approximately $8 million and pro-forma EBITDA of
approximately $2 million, will become a wholly-owned subsidiary of
Hawaiian Telcom Services Company, Inc.
SystemMetrics, headquartered in Honolulu, is a premier data
center services provider focused on enterprise-class colocation and
cloud-computing solutions for small and medium-sized business
customers, as well as large enterprises. The company operates a
state-of-the-art facility in Honolulu with up to 6,500 square feet
of data center capacity and room for expansion. The best-in-class
facility was established in 2011 and uses the newest and most
energy efficient technology to serve more than 400 customers.
"This is a real exciting opportunity for Hawaiian Telcom and
will enable us to accelerate our overall growth strategy," said
Eric K. Yeaman, Hawaiian Telcom's president and CEO. "Our goal is
to be the preeminent cloud and colocation services provider in the
State of Hawaii, and this acquisition significantly advances that
objective by increasing the scale and scope of our existing data
center business and improving time to market. Additionally, it
complements our existing portfolio of business service offerings
and better positions us to execute on our overall strategic plan
and drive value for shareholders."
"With this transaction we reach a significant milestone for
SystemMetrics as we join Hawaiian Telcom with a shared vision to
transform and accelerate data center services in Hawaii," said Earl
E. Ford, SystemMetrics' president and CEO. "Hawaiian Telcom's
significant resources and commitment to strengthen its position in
the data center market, and demonstrated success in serving the
technology needs of Hawaii's business community makes it an ideal
match for us."
Two important trends driving growth in data center services are
rapid adoption of cloud-based technologies by business customers to
run their most important business functions, and the accelerating
demand for outsourced solutions. Market research estimates the
Hawaii data center services opportunity is over $100
million. Hawaii's companies are managing massive amounts of
mission critical data, network applications and security
services. By partnering with experts in data center services
and communications infrastructure management such as Hawaiian
Telcom and SystemMetrics, companies can focus on growing their
business.
"Our two companies share similar values and are committed to
technology innovation and superior customer service," commented
Yeaman. "Leveraging these shared values and the critical
skills and knowledge of both organizations with our multi-site,
multi-island facilities will better position us to meet the needs
of our customers and capitalize on the key opportunities that exist
in the marketplace."
Hawaiian Telcom is targeting completion of the transaction by
September 30, 2013.
Forward-Looking Statements
In addition to historical information, this release includes
certain statements and predictions that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. In particular, any statement, projection
or estimate that includes or references the words "believes",
"anticipates", "intends", "expects", or any similar expression
falls within the safe harbor of forward-looking statements
contained in the Reform Act. There is no assurance that the
acquisition described herein will close and actual results or
outcomes may differ materially from those indicated or suggested by
any such forward-looking statement for a variety of reasons,
including, but not limited to, Hawaiian Telcom's ability to
maintain its market position in communications services, including
wireless, wireline and Internet services; general economic trends
affecting the purchase or supply of communication services; world
and national events that may affect the ability to provide
services; changes in the regulatory environment; any rulings,
orders or decrees that may be issued by any court or arbitrator;
restrictions imposed under various credit facilities and debt
instruments; work stoppages caused by labor disputes; adjustments
resulting from year-end audit procedures; and Hawaiian Telcom's
ability to develop and launch new products and services. More
information on potential risks and uncertainties is available in
recent filings with the Securities and Exchange Commission,
including Hawaiian Telcom's 2012 Annual Report on Form 10-K. The
information contained in this release is as of September 5, 2013.
It is anticipated that subsequent events and developments may cause
estimates to change.
About Hawaiian Telcom
Hawaiian Telcom Holdco, Inc. (Nasdaq:HCOM), headquartered in
Honolulu, is Hawaii's leading provider of integrated communications
and entertainment solutions for business and residential customers.
With roots in Hawaii beginning in 1883, the Company offers a full
range of services including voice, video, Internet, data, wireless,
and advanced communication and network services supported by the
reach and reliability of its network and Hawaii's only 24/7
state-of-the-art network operations center. With employees
statewide sharing a commitment to innovation and a passion for
delivering superior service, Hawaiian Telcom provides an Always
OnSM customer experience. For more information, visit
www.hawaiiantel.com.
The Hawaiian Telcom Holdco, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10087
CONTACT: Investor Relations Contact:
Brian Tanner, Hawaiian Telcom
(201) 706-8965
brian.tanner@hawaiiantel.com
Media Contact:
Su Shin, Hawaiian Telcom
(808) 546-2344
su.shin@hawaiiantel.com
Hawaiian Telcom Holdco, Inc. (delisted) (NASDAQ:HCOM)
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Hawaiian Telcom Holdco, Inc. (delisted) (NASDAQ:HCOM)
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