HARGRAY COMMUNICATIONS TO ACQUIRE SAVANNAH-BASED MANAGED SERVICES COMPANY iTECH

FOR IMMEDIATE RELEASE
For more information, contact:
Robert Gilbert, PR Manager
Hargray Communications
843-686-1130 (o)
864-554-7217 (c)
Robert.Gilbert@htc.hargray.com

HILTON HEAD ISLAND, SC — January 23, 2013 — Beaufort County-based triple-play provider Hargray Communications announced today an agreement under which it will purchase iTech, a Savannah-based managed services company.

“We have been interested for some time in acquiring a managed-services company,” said Michael Gottdenker, Chairman & CEO of Hargray. “iTech is a terrific company with a dedicated workforce led by Alastair Fisher which we are excited to welcome to Hargray. We believe that our larger scale and extensive fiber network combined with iTech’s product set and our overlapping geography makes for a winning combination for both companies’ customers.”

During 2012, Hargray invested millions of dollars to build a fiber network in downtown Savannah which enables superior connectivity for area businesses. Hargray today offers Savannah businesses a portfolio of advanced communications products including symmetrical advanced high speed internet (providing speeds up to 1 Gbps), metro-Ethernet (Metro-E), and high-definition video. Now, with the addition of iTech and its talented team, Hargray will also offer a full suite of managed services.

“Acquiring iTech will enable us to expand the set of business communications and IT services we bring to our customers not only in Savannah but also in South Carolina,” said Andrew Rein, Vice President of Sales and Marketing for Hargray. “These products include managed IT services, data storage and backup, IP telephony and unified communications, and hosted services. Further, Hargray is uniquely positioned in the market with local technical support, customer care, and account executive personnel, which allows for faster response times, the highest level of reliability, custom engineering solutions, and on-site operational system design.”

George Powers, owner of iTech, said, “We are very proud of the business we built over the last few years under Alastair’s leadership and now is the right time for iTech to join a larger organization that will allow it to accelerate its growth. I am grateful to our customers for entrusting to us their IT needs and I am certain our level of service will only get better through affiliation with Hargray.”

The acquisition is due to close on January 31, 2013. Terms were not disclosed.

About Hargray
Hargray is a triple-play provider offering Internet, television, and communications services in Beaufort, Jasper, and Hampton counties in South Carolina, and Chatham County, Georgia. For more information, please visit www.hargray.com.

About iTech
iTech is a managed IT services company, bringing enterprise level technology solutions to small and medium sized businesses, including design, implementation and management of onsite and hosted IT infrastructures, Data Storage Solutions, Disaster Recovery and Business Continuity, Security, IP Telephony and Unified Communications, all aimed at improving system reliability and reducing costs. For more information, please visit www.itech.biz.

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