BNET Industries

Market Cap:$1.1B
Last Fiscal Year Sales:$600.8M
  • Public
  • US
Dow Jones Description

Avocent delivers IT infrastructure management solutions that reduce operating costs, simplify management and increase the availability of critical, "always on" IT environments via integrated, centralized in-band and out-of-band hardware and software.

Chief Executive Officer
Mike Borman
Number of Employees 1,099
Contact Information

4991 Corporate Drive

Huntsville, Alabama 35805

www.avocent.com

(256) 430-4000

NAICS Code Other Computer Peripheral Equipment Manufacturing: 334119

Recent Events

  • Avocent AVCT Unveils Combines LCD Consoles and KVM Switches

    11/23/09 - Product Announcement - View Story

  • Avocent Unveils Combined LCD Consoles and KVM Switches for Effective Data Center Management

    11/24/09 - Product Announcement - View Story

  • Emerson Electric Co.: Avocent Deal to Build on IT Offerings

    10/29/09 - Financial Announcement - View Story

  • Power Management: Emerson, Avocent Deal a Chance to Shine, Not Whine

    10/19/09 - Bond / Stock Rating - View Story

  • Emerson acquires IT solutions provider Avocent

    10/09/09 - Merger / Acquisition - View Story

  • Needham Research Downgrades Avocent AVCT to Hold

    10/06/09 - Bond / Stock Rating - View Story

  • Emerson to buy Avocent for $1.2 billion

    10/07/09 - Merger / Acquisition - View Story

  • Emerson to buy Avocent for $1.2 billion

    10/06/09 - Merger / Acquisition - View Story

  • Avocent Empowers MindTree With Centralized Data Center IT Management From Any Location in the World

    10/06/09 - Licensing / Contract - View Story

  • Kendall Law Group Investigates Avocent Merger on Behalf of

    10/15/09 - Merger / Acquisition - View Story

  • Avocent Corp. Q3 Profit Decreases - Quick Facts

    10/21/09 - Financial Announcement - View Story

  • Ladenburg Thalmann Raises Price Target for Avocent AVCT; Maintains 'Buy' Rating

    9/11/09 - Bond / Stock Rating - View Story

  • Avocent Posts 2Q Results

    7/29/09 - Financial Announcement - View Story

  • Avocent Introduces Avocent MergePoint Infrastructure Explorer

    6/03/09 - Product Announcement - View Story

News & Analysis

avocent corp. and earnings - All News and Analysis

Decision Makers

Name (plus bio) Position
Mike Borman Chief Executive Officer
Doyle C. Weeks President and Chief Operating Officer
Ben Grimes Chief Technology Officer
Edward H. Blankenship CFO & Senior Vice President, Finance
Kay Kienast Executive Vice President & Chief Marketing Officer
Tom Davis Senior Vice President and Chief System Architect
Samuel F. Saracino Executive Vice President of Legal and Corporate Affairs, General Counsel and Secretary
Dudley Devore Senior Vice President, Global Branded Markets
Eugene F. Mulligan Senior Vice President of Global Operations
Tom Miller Senior Vice President of OEM Sales
Bill Neiland Vice President of Product Management and Services
Everett Brooks Vice President of Analyst and Investor Relations
Julie Yarbrough Vice President, Human Services
Steve Blackwell Vice President, Engineering
Steven Russ Vice President, Marketing
C. David Perry Executive Vice President and General Manager of the Management Systems Division
Kieran MacSweeney Senior Vice President and General Manager of the Avocent Desktop Solutions Division and Managing Director of Avocent International
Mitch Friend Senior Vice President and General Manager of the Avocent Connectivity and Control Division
Steve Daly Executive Vice President and General Manager of the LANDesk Division
Rick Hempstead Investor Relations Director

Board of Directors

Name (plus bio) Position
Edwin Harper Chairman
David P. Vieau Board of Directors
Francis A. Dramis Jr. Board of Directors
Harold D. Copperman Board of Directors
Stephen F. Thornton Board of Directors
William H. McAleer Board of Directors

Mr. Borman most recently served as Vice President, Worldwide Sales, IBM Software Group, where he was responsible for annual revenues of over $15 billion and a sales force of over 15,000 people. His previous leadership roles at IBM included General Manager of the i-Series and p-Series server product lines as well as other executive positions in general management, including overseas assignments in Asia. Mr. Borman also served as President and Chief Operating Officer of Blue Martini Software. Mr. Borman first joined IBM as a programmer in 1977 and held a variety of positions including Vice President of Worldwide Sales and Operations, Web Servers; Vice President, Small and Medium Business, North America; Director, Strategy for Asia Pacific and General Manager for Distribution and SMB for Asia Pacific. He holds an MBA from the Kellogg School - Northwestern University and a BS degree in Computer Science and Engineering from the University of Illinois.

Organization Position Status
Avocent Corporation Chief Executive Officer Current
Avocent Corporation Board of Directors Current
Blue Martini Software, Inc. President & Chief Operating Officer Former
International Business Machines Corporation Vice President, Worldwide Sales Former
International Business Machines Corporation General Manager, iSeries Former

Doyle C. Weeks, 61, has been one of our directors since July 2000. Mr. Weeks has been President and Chief Operating Officer since February 2005. Prior to that he was our Executive Vice President of Group Operations and Business Development from July 2000 to January 2005.

Organization Position Status
Avocent Corporation President and Chief Operating Officer Current
Avocent Corporation Board of Directors Current
Avocent Corporation Executive Vice President, Group Operations and Business Development Former

Ben has been our CTO and Sr. VP of Corporate Strategy since May of 2008 and our Vice President of Corporate Strategy since March of 2007. Prior to joining Avocent, Ben had a 17-year career with IBM, most recently in the appointed position of Distinguished Engineer, an executive position he held from 2002 to 2007. In that role, he served as the lead architect for software development for IBM xSeries and blades.

Organization Position Status
Avocent Corporation Chief Technology Officer Current

Edward H. Blankenship has been our Senior Vice President of Finance, Chief Financial Officer, and Assistant Secretary since July 2005. From July 2002 to July 2005, he was our Vice President of Finance and Chief Accounting Officer. Prior to that he was a Partner with PricewaterhouseCoopers LLP from 1998 to June 2002.

Organization Position Status
Avocent Corporation CFO & Senior Vice President, Finance Current

Organization Position Status
Avocent Corporation Executive Vice President & Chief Marketing Officer Current

Organization Position Status
Avocent Corporation Senior Vice President and Chief System Architect Current

Samuel F. Saracino has been our Executive Vice President of Legal and Corporate Affairs, General Counsel, and Secretary since February 2005 and our Senior Vice President of Legal and Corporate Affairs, General Counsel, and Secretary from July 2000 to January 2005.

Organization Position Status
Avocent Corporation Executive Vice President of Legal and Corporate Affairs, General Counsel and Secretary Current

Organization Position Status
Avocent Corporation Senior Vice President, Global Branded Markets Current

Eugene F. Mulligan has been our Senior Vice President of Global Operations since January 2006, our Senior Vice President of Operations, Redmond, from February 2005 to December 2005, our Vice President of West Coast Operations from November 2001 to January 2005, our Director of Redmond Operations from November 2000 to October 2001, and our Manufacturing Engineering Manager from July 2000 to October 2000. Prior to that, he held the same position at Apex since April 2000.

Organization Position Status
Avocent Corporation Senior Vice President of Global Operations Current

Thomas J. Miller has been our Senior Vice President for of OEM Markets since January 2006 and our Vice President of OEM Sales from August 2002 to January 2006. Prior to that, he was Vice President of Business Development for MicroASI, a semiconductor packaging start-up company, from September 1999 to January 2001, Vice President & General Manager of Acer America's Computer Systems Division from March 1997 to July 1999, and Vice President at Texas instruments, Information Technology Group from June 1973 to March 1997 where he held a variety of positions in sales, product management, channel marketing, and business unit management.

Organization Position Status
Avocent Corporation Senior Vice President of OEM Sales Current

Organization Position Status
Avocent Corporation Vice President of Product Management and Services Current

Organization Position Status
Avocent Corporation Vice President of Analyst and Investor Relations Current

Julie C. Yarbrough has been our VP of Global Human Resources since January 2006, leading the personnel integration effort for all mergers and acquisitions within the company since the year 2000. Prior to the current VP role, she served as Director of U.S. Human Resources from 2004 to January 2006, after serving as a Manager of Human Resources for the company since 1993 when it was Cybex Computer Products Corporation.

Organization Position Status
Avocent Corporation Vice President, Human Services Current

Organization Position Status
Avocent Corporation Vice President, Engineering Current

Organization Position Status
Avocent Corporation Vice President, Marketing Current

Organization Position Status
Avocent Corporation Executive Vice President and General Manager of the Management Systems Division Current

Kieran MacSweeney has been our Senior Vice President and the General Managing Director of Avocent International since January 2006, our Senior Vice President of Global Corporate Quality and Managing Director of Avocent International since February 2005 and our Senior Vice President and Managing Director of International Operations from July 2000 to January 2005.

Organization Position Status
Avocent Corporation Senior Vice President and General Manager of the Avocent Desktop Solutions Division and Managing Director of Avocent International Current

Mitch Friend has been our Senior Vice President and the General Manager of our Avocent Connectivity and Control Division since January 2006, our Vice President of Sales for the Equinox Division from January 2003 to January 2006, and our Director of Sales for the Equinox Division from April 2001 to January 2003.

Organization Position Status
Avocent Corporation Senior Vice President and General Manager of the Avocent Connectivity and Control Division Current
Equinox Systems, Inc. Senior Vice President and General Manager Current
Equinox Systems, Inc. Vice President of Sales for Equinox Former

Stephen M. Daly has been our Executive Vice President and General Manager of our LANDesk Division since January 2007, our Senior Vice President of Corporate Strategy from February 2005 to December 2006, and our Vice President of Embedded Solutions from November 2003 to January 2005. From October 2002 to November 2003, he was Chairman and CEO of Soronti, Inc., a company that manufactured remote access hardware which we acquired in November 2003. Prior to that, he was Director of Marketing, Systems Management Division, of Intel Corporation, a hardware manufacturer, since 1992.

Organization Position Status
Avocent Corporation Executive Vice President and General Manager of the LANDesk Division Current

Organization Position Status
Avocent Corporation Investor Relations Director Current

Organization Position Status
Whitecell Software, Inc CEO Current
Manufacturing Technology, Inc. President Current
Vista Ventures Current
Whitecell Software, Inc Chairman Current
Ditech Networks Inc. Chairman Current
Avocent Corporation Chairman Current
Avocent Corporation Board of Directors Current
Verari Systems, Inc. Board of Directors Current
MX Logic Board of Directors Current
Ditech Communications Corporation Board of Directors Former
Network Associates Board of Directors Former
Colorado State University Msee Former
Colorado State University Bsee Former

Array

Organization Position Status
A123SYSTEMS Board of Directors Current
Avocent Corporation Board of Directors Current
Syracuse University Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
Ditech Networks Inc. Board of Directors Current
Avocent Corporation Board of Directors Current
Netezza Corporation Board of Directors Current
BellSouth Corporation Chief Information - E-Commerce & Security Officer Former

Organization Position Status
AXS-One Inc. President and CEO of Hdc Ventures Current
Avocent Corporation Board of Directors Current
Metastorm, Inc. Board of Directors Current
AXS-One Inc. Board of Directors Current
Epicor Software Corporation Board of Directors Current
Ezwebadministration.Com Director Current
I.D. Systems, Inc. Director Current
Digital Equipment Corporation Senior Vice President and Group Executive, Products Division Former
Apple Inc. Vice President and General Manager of Eastern Operations Former
International Business Machines Corporation Marketing Former
AOL LLC Board of Directors Former
Rutgers University Bachelor of Science degree, Mechanical Engineering Former

Stephen F. Thornton, has been a member of our Board of Directors since July 2000, and was Chairman of our Board of Directors from July 2000 to April 2003. Mr. Thornton was our President and Chief Executive Officer from July 2000 to March 2002.

Organization Position Status
Avocent Corporation Board of Directors Current
Avocent Corporation President & CEO Former
Avocent Corporation Chairman Former

Bill brings to Voyager over 30 years of business experience and 18 years of senior executive and equity financing experience in the information technology industry. Bill has participated on the boards of 17 companies, including 12 portfolio companies, focusing on business software and services, digital media, and wireless. Seven portfolio companies, Amplitude, Clear Commerce, Kadiri, Netpodium, SeeCommerce, Valchemy and Tegic, were sold for exits, and he currently serves on the boards of Attenex and Melodeo. He also sits on the board of Avocent (NASDAQ: AVCT), a public technology company with over $500 million in revenues. Prior to co-founding Voyager in 1997, Bill was President of e.liance Partners, a consulting firm that advised information technology companies on strategy, venture financing and corporate partnering. He served as Vice President of Finance, Chief Financial Officer and Secretary of Aldus from 1988 to 1994, when the company's revenues grew from $39 to $240 million. He was responsible for global finance, legal, operations, and acquisition activities, including completing the merger with Adobe in 1994. He also served as a senior executive with Westin Hotels from 1979 to 1987. Bill is active in several industry organizations, including serving as a director for the Washington Software Alliance. He is the chair of the Advisory Board for the University of Washington Center for Innovation and Entrepreneurship. He also serves on the Advisory Board for Cornell University's Johnson Graduate School of Business and a member of the Cornell Council. He has been a featured speaker at industry conferences and panels. Bill earned a B.S. and an M.B.A. from Cornell University.

Organization Position Status
Voyager Capital Managing Director Current
Attenex Corporation Board of Directors Current
Cornell University Advisory Board Current
Avocent Corporation Board of Directors Current
Washington Technology Industry Association Board of Directors Current
Aldus Corporation Cfo Former
Westin Hotels Limited Senior Executive Former
Cornell University M.B.A. Former

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     AVCT $24.98 +0.01 (0.04% )
Average Volume 1,665,690
Shares Outstanding 44.59M
Market Cap 1.1B
Year High 25.13
Year Low 9.89
Earnings Per Share -1.04
P/E Ratio -24.02
Dividend N/A
Yield N/A
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