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NORTH STATE ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

Scott Toth to Become Vice President and CFO on January 1, 2017

Lynn Welborn to Assume Additional Role of Secretary

High Point, NC—September 9, 2016—North State, a leading fiber optic network, cloud and IT services provider, announced today that Jon Cage, vice president and chief financial officer, will retire effective December 31, 2016 after a 33-year career with the company. Mr. Cage will be succeeded by Scott Toth, who has been appointed vice president and chief financial officer. Mr. Toth, who joined North State in 2013, is currently director of finance & business analysis.

North State CEO Royster Tucker III remarked, “Jon has contributed immensely to North State’s development since he joined our company in 1983. We thank him for his many contributions and wish him the best as he approaches retirement.”

Mr. Cage will remain a member of North State’s board of directors, which he joined in 2008.

Mr. Tucker continued, “Scott and Jon have worked together very closely for the past three years and we expect a seamless transition. Scott has done an excellent job of providing the financial insights necessary for us to effectively execute our strategy. His experience will serve us well as we continue North State’s growth as a leading fiber optic network, cloud and IT services provider building on the many opportunities in the digital landscape.

“We also want to acknowledge the contributions of Lynn Welborn, vice president and chief administrative officer, who, as appointed by the board of directors, will take on the additional role of secretary effective January 1, 2017.”

Prior to joining North State, Mr. Toth held various management positions, including CFO, for companies repositioning themselves within the automotive, transportation and senior living industries. The companies included Arvin Industries, FedEx and Pennybyrn at Maryfield (Maryfield, Inc.). Mr. Toth began his career at Coopers & Lybrand in 1986. A certified public accountant, he earned a Masters of Business Administration from the University of Georgia and a Bachelor of Science in Accounting from the State University of New York.

Ms. Welborn joined North State in 1975 and has served in a wide variety of roles and management positions with increasing responsibility. She holds a Bachelor of Arts in Management and Ethics from John Wesley University and a Masters of Business Administration from High Point University.

About North State

North State is a technology company focused on inspiring the Internet-driven lifestyle through high touch experiences. Its fiber-delivered, ultrafast Internet and Internet-driven applications enable residential customers and businesses to efficiently and securely take advantage of the Internet.  Through its wholly owned subsidiaries, Data Chambers and Stalwart Systems, North

State provides best-in-class data center colocation, customized cloud and IT solutions, managed disaster recovery services, managed security and unified communications. For more information, visit northstate.net.

Contacts:
North State
Andrew Stevenson
336-886-3801
investor.relations@nscom.com
 
LHA
Harriet Fried, SVP
212-838-3777
hfried@lhai.com

 

NORTH STATE COMMUNICATIONS ACQUIRES STALWART

Leading data center and cloud services provider obtains leading IT security integrator

High Point, NC—June 24, 2015—North State Communications, a leading fiber optic network, data center and cloud services provider, announces today that it has entered into a definitive agreement to acquire the assets of Stalwart, a leading IT security integrator. Paired with North State’s 2011 acquisition of DataChambers, Stalwart’s consulting and engineering prowess will help accelerate organizations’ security and operational efficiency. With the move to the cloud have come complex security and compliance challenges. Helping customers migrate to the cloud securely in today’s hyper-connected, hyper-distributed IT environment requires service providers to be more skilled and versatile than ever. With this acquisition, North State is taking another important step towards realizing its vision of bringing these disciplines together.

The acquisition of Stalwart will complement North State’s strategy of building a comprehensive digital ecosystem with which to serve its growing customer base. “North State is extremely pleased to be gaining such a highly qualified and well-rounded IT security firm as Stalwart,” noted Royster Tucker III, CEO of North State. “Their professional integrity and mastery of advanced threat protection are ideal counterparts for DataChambers’ data center and cloud offerings. Bringing Stalwart onboard further fuels our strategic growth and helps round out our ability to effectively address some of the greatest IT challenges facing businesses today.”

Headquartered in Charlotte, Stalwart has operations in the same and adjacent markets as North State and DataChambers. The company will join the North State family of businesses under the continued leadership of Bill Cooper, CEO of Stalwart. “North State is a strategic acquirer who shares our core virtues and beliefs. This, more than anything, will continue to make Stalwart unique and better,” said Cooper. “It is exciting to think of the myriad ways our team will now be able to create additional value for our coveted and growing customer base.”

“The combination of our services and Stalwart’s offerings will allow both of us to provide customers with the most advanced IT solutions in the region. The addition of Stalwart and their expertise pairs well with our state-of-the-art, purpose built data centers in the Charlotte, Raleigh and Triad markets,” added DataChambers CEO, Nick Kottyan.

The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2015. Terms of the agreement were not disclosed.

About North State and DataChambers
North State provides homes and businesses with Gigabit speeds on a fiber optic network that includes TV, Internet and communication services. Through wholly owned subsidiary, DataChambers, North State provides best-in-class data center colocation, cloud, managed data, and disaster recovery services to enterprise customers. Find out more at www.NorthState.net or www.DataChambers.com.

About Stalwart
Stalwart is a leading regional security integrator, specializing in advanced persistent threat assessment and hardened infrastructure design, implementation and management services. The company’s innovative blend of security and infrastructure expertise sets it apart from pure-play security practitioners and siloed infrastructure solution providers alike. For more information, please visit www.stalwartsystems.com.

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