Business Services Industry
Avocent Acquires Assets of Agilent Technologies' Remote IT Management Product Line; Deal Extends Avocent's Agentless Monitoring and Management Leadership with Additional Customers and Integrated Products
Business Wire, March 22, 2006
HUNTSVILLE, Ala. and PALO ALTO, Calif. -- Avocent Corp. (NASDAQ:AVCT) and Agilent Technologies Inc. (NYSE:A) today announced that they have signed an agreement for Avocent to purchase assets and to license technology used by Agilent in its remote management business. Agilent's customers for this product line will now be obtaining products and services from Avocent. The purchase of this business line is not expected to be material to Avocent's financial results for the first quarter of 2006. Remote management products allow administrators to remotely connect to and manage systems, ensuring cost savings for IT managers.
Agilent's remote management products include integrated hardware solutions and management software that ensure higher availability of business-critical systems, such as servers. Agilent products that will be transferred to Avocent include integrated remote management chips and cards, and software utilities. Further information on Agilent's products is available at www.agilent.com/find/rmc.
> "As the KVM (keyboard, video, mouse) and remote management market leader, our customers look to us to raise the bar to push remote management technology to the next level," said Mark Lee, senior vice president and general manager, Avocent Corp. "The Agilent remote management business will significantly expand our agentless management platform to offer leading-edge solutions that match and exceed our OEM customers' needs. Agilent's products complement Avocent's products. We plan to leverage their expertise to provide additional integrated solutions that include IPMI, KVM and SMASH technologies.""Agilent's decision to focus on being the premier provider of test and measurement equipment and Avocent's focus on providing robust remote management tools made this a natural move for our remote management and diagnostics business," said Christiane Roche, business manager for remote systems management and KVM solutions in Agilent's Electronic Measurement Group. "The combination of Avocent's leadership as the number one IPMI, KVM and remote management supplier together with Agilent's remote management products will offer an even more compelling value proposition."
About Agilent Technologies
Agilent Technologies Inc. is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 20,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal 2005. Information about Agilent is available on the Web at www.agilent.com.
About Avocent Corporation
Avocent Corporation is the leading supplier of connectivity solutions for enterprise data centers, service providers and financial institutions worldwide. Branded products include switching, extension, intelligent platform management interface (IPMI), remote access and video display solutions. Additional information is available at: www.avocent.com.
Agilent Forward-Looking Statements
This press release contains forward-looking statements (including, without limitation, statements relating to the ability of Agilent's remote management products to ensure cost savings or higher availability of business-critical systems and that the combination of Avocent and Agilent products will result in greater value to customers) that involve risks and uncertainties that could cause results of Agilent Technologies to differ materially from management's current expectations. These risks are detailed in Agilent's filings with the Securities and Exchange Commission, including its report on Form 10-Q for the quarter ended January 31, 2006. Agilent assumes no obligation to update the information in this press release.
Avocent Forward-Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These include statements regarding the acquisition of products and technologies, the development and introduction of new products and technologies (including agentless and remote management tools), the use of these products and technologies by customers, the features and benefits of integrated products and technologies, the size, growth, and leadership of the potential markets for these products and technologies in the future, and engineering and design activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including risks associated with the acquisition and integration of the acquired products and technologies, risks associated with general economic conditions, risks attributable to future product demand, sales, and expenses, risks associated with reliance on a limited number of customers, component suppliers, and single source components, risks associated with product design efforts and the introduction of new products and technologies, and risks associated with obtaining and protecting intellectual property rights. Other factors that could cause operating and financial results to differ are described in Avocent's annual report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2006. Other risks may be detailed from time to time in reports to be filed with the SEC. Avocent does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


