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COMMUNICATIONS SYSTEMS, INC. SUBSIDIARY, JDL TECHNOLOGIES, ACQUIRES TWISTED TECHNOLOGIES, INC.
Posted by CSI on June 2nd, 2015
Minnetonka, MN – June 1, 2015 – Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global provider of physical connectivity infrastructure and services for deployments of broadband networks, today announced that its wholly-owned subsidiary, JDL Technologies, Inc., has acquired Twisted Technologies, Inc., a privately-held provider of managed IT services based in Atlanta, Georgia.
Terms were not disclosed.
Twisted Technologies is an award-winning IT services firm with a broad portfolio of clients and a strong focus on managed services and healthcare IT, including expertise in providing McKesson electronic medical records (EMR) solutions.
“We are excited to welcome Twisted Technologies to our organization,” said Scott Fluegge, President and General Manager of JDL Technologies. “Twisted Technologies has a solid reputation in the Atlanta area, built by dedicated employees over the last 15 years. They will become part of an expert JDL Technologies team with more than 400 combined years of technical experience and over 135 professional certifications. Together, we look forward to providing expanded information technology services to our combined client community and serving additional customers in Atlanta and beyond.”
CSI’s Chief Executive Officer Roger H.D. Lacey added, “The acquisition of Twisted Technologies fits perfectly into our broader strategy of expanding JDL Technologies’ geographic presence, increasing its managed services recurring revenue base, and building on its strengths in the healthcare IT space. We expect this complementary acquisition to result in a number of cross-selling opportunities, and over time envision leveraging Twisted Technologies’ experience with McKesson’s Practice Management and EMR solutions to expand JDL’s offering into existing and future ambulatory markets.”
About JDL Technologies
JDL Technologies is a leading national Managed Services Provider and a well respected provider of HIPAA-compliant information technology services in Florida. The company is among the CRN Elite 150 MSPs in North America, and holds the Managed Services Trustmark from CompTIA, global voice of the IT industry. JDL Technologies provides managed services, infrastructure and other information technology services to healthcare, education, commercial enterprises and SMBs under the brands JDL TechWatch, JDL HealthTech and JDL EduTech. JDL Technologies is a wholly-owned subsidiary of Communications Systems, Inc. (NASDAQ-GM: JCS). For more information, visit jdltech.com.
About Communications Systems
Communications Systems, Inc. provides physical connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.
Forward- Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business. These risks, uncertainties and contingencies are presented from time to time in the Company’s Form 10-K Report and other filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that the Company’s financial results in any particular period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
|Communications Systems, Inc.||The Equity Group Inc.|
|Ed Freeman||Devin Sullivan|
|Chief Financial Office||Senior Vice President|
|Roger H. D. Lacey||Kalle Ahl, CFA|
|Interim Chief Executive Officer||Senior Associate|