Test, Measure and Automate Your World

News Release from: OSA Technologies
Edited by the Electronicstalk Editorial Team on 30 March 2004

Avocent to acquire OSA Technologies

OSA Technologies has signed a definitive acquisition agreement with Avocent Corp.

Note: Readers of the Editor’s free email newsletter will have read this news when it was announced. . It’s free!

OSA Technologies has signed a definitive acquisition agreement with Avocent Corp for approximately $100 million in cash and stock, plus the assumption of liabilities and employee stock options. The purchase price consists of approximately $55 million in cash and Avocent stock valued at approximately $45 million. The transaction is expected to close during the second quarter.

OSA will continue to operate as a wholly owned subsidiary of Avocent.

OSA's existing management team and employee base is expected to remain with the combined company.

OSA estimates that 30% of Intel-processor-based servers shipped in 2003 were IPMI capable, and expects the penetration level to more than double by the end of 2004 as more server vendors adopt the standards-based management interface.

"We are excited to join with Avocent to continue our leadership in embedded technologies and solutions for servers, as well as fuel our growth in blade, telecommunication, storage, networking and client device management", said Mark Lee, President and CEO of OSA Technologies.

"We believe the combination with Avocent is very positive news for our ecosystem partners and customers as we work closely to resolve total cost of ownership (TCO) challenges.

In addition, we have very complementary sales and distribution relationships that should broaden our collective markets".

"Joining with OSA will significantly extend our leadership position in the embedded management space and provide a strong platform to build sales through software and firmware enhancements", stated John R Cooper, President and Chief Executive Officer of Avocent Corp.

"OSAs leadership in developing embedded management solutions for the IPMI market complements our core KVM business and builds upon prior acquisitions".

• OSA Technologies: contact details and other news
• Other news in Design and Development Software
• Email this news to a colleague
•
• RSS news feed for OSA Technologies
• RSS news feed for Design and Development Software
• Electronicstalk Home Page