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.HUNTSVILLE, Ala. and PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Avocent Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AVCT AVCT Advanced Vehicles Concept Team ) and Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :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 (K Virtual Machine) A version of the Java Virtual Machine for small devices with limited memory. See J2ME. See also KVM switch. KVM - Keyboard Video Mouse (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 (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers' needs. Agilent's products complement Avocent's products. We plan to leverage their expertise to provide additional integrated solutions that include IPMI (Intelligent Platform Management Interface) A protocol for monitoring server hardware for temperature, voltage, chassis intrusion, etc. Introduced in 1998 by Intel, HP, NEC and Dell, IPMI defines a standard set of messages for the characteristics of hardware , 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 The Intelligent Platform Management Interface (IPMI) specification defines a set of common interfaces to computer hardware and firmware which system administrators can use to monitor system health and manage the system. Several dozen companies support IPMI. (IPMI), remote access and video display solutions. Additional information is available at: www.avocent.com. Agilent Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements (including, without limitation, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 Form 10-Q See 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. Avocent, the Avocent logo, and The Power of Being There are registered trademarks of Avocent Corporation. All other trademarks or company names are trademarks or registered trademarks of their respective companies. |
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