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TMCNet:  CSPI's Modcomp Germany Subsidiary Signs Multi-Million Dollar Managed Services Contract

[February 24, 2014]

CSPI's Modcomp Germany Subsidiary Signs Multi-Million Dollar Managed Services Contract

(GlobeNewswire Via Acquire Media NewsEdge) BILLERICA, Mass. and COLOGNE, Germany, Feb. 24, 2014 (GLOBE NEWSWIRE) -- CSP, Inc. (Nasdaq:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that its Modcomp Germany subsidiary has signed its largest managed services contract to date. The multi-million dollar agreement provides end-to-end managed security services to an international information technology services company for three years.


The contract extends Modcomp's existing relationship with the information technology services company, and encompasses 24x7 on-site security services to its global customer base. The services provided under this contract include hotline and online support, escalation procedures, updates, patches and bug fixes, on-site hardware exchange and system recovery.

"Modcomp's extensive experience in delivering managed services solutions was a key factor in winning this contract and expanding our relationship amid tough competition," said Frank Puetz, Managing Director for Modcomp. "Having partnered with this customer for several years, we fully understand what is required to deliver the highly responsive managed security services they require." In meeting the contract deliverables, Modcomp will use technology from Check Point, Juniper Networks, McAfee, Sourcefire, Tufin, Radware, F5 Networks and Tripwire to proactively ensure a high security standard for users, regardless of the device or type of connection they use.

Modcomp delivers IT solutions that include managed IT services and professional services in North America and Europe. Modcomp's managed services offering includes monitoring and management of servers, work stations, networks, security and backup. The company's 24x7 operations center supplements customers' existing networks and provides IT support to accelerate resolution of infrastructure failures and manage performance.

About CSP, Inc.

Based in Billerica, Massachusetts and founded in 1968, CSP, Inc. (CSPI) and its subsidiaries develop and market IT integration solutions and high-performance computer systems to meet the diverse requirements of our industrial, commercial, and defense customers worldwide. CSPI's Systems segment includes the MultiComputer Division, which designs and manufactures commercial high-performance computer signal processing systems for a variety of complex real time applications in defense and commercial markets. The company recently acquired Myricom, a pioneer in high performance computing interconnect technology. Founded in 1970, Modcomp, Inc. is part of CSPI's Service and Systems Integration segment, and has offices in North America and Europe. Modcomp provides solutions and services for complex IT environments including disaster recovery, mobility, managed services, security, data center management, and collaboration. More information about CSPI is available at www.cspi.com. To learn more about Myricom or Modcomp, Inc., please visit www.myricom.com and www.modcomp.com.

About Modcomp Germany: Modular Computer Systems GmbH, known as Modcomp in Germany, is a part of CSP, Inc. (CSPI). Modcomp has been in Germany for 40 years, and its client base includes many renowned companies in different industry sectors, such as manufacturing, telecommunications, energy, banking and insurance. Modcomp has a presence in both North America and Europe, and offers various IT services including managed services and professional services. To learn more about Modcomp Germany, please visit www.modcomp.com or www.modcomp.de.

CONTACT: Media Relations Contact: Michele M. Merrell Modcomp Vice President, Global Marketing & Communications mmerrell@modcomp.com +1-954-571-4622 Ulrich Wickers Modular Computer Systems GmbH (Modcomp Germany) Business Development Manager Ulrich.wickers@modcomp.com +49 (0) 221 954466-28 Source: Modcomp 2014 GlobeNewswire, Inc.

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