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 BormanNumber of Employees 1,099
Peer Companies
NAICS Code Other Computer Peripheral Equipment Manufacturing: 334119
Recent Events
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Emerson Electric Co.: Avocent Deal to Build on IT Offerings
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Power Management: Emerson, Avocent Deal a Chance to Shine, Not Whine
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Emerson acquires IT solutions provider Avocent
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Needham Research Downgrades Avocent AVCT to Hold
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Emerson to buy Avocent for $1.2 billion
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Emerson to buy Avocent for $1.2 billion
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Avocent Empowers MindTree With Centralized Data Center IT Management From Any Location in the World
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Kendall Law Group Investigates Avocent Merger on Behalf of
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Avocent Corp. Q3 Profit Decreases - Quick Facts
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Ladenburg Thalmann Raises Price Target for Avocent AVCT; Maintains 'Buy' Rating
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Avocent Posts 2Q Results
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Avocent Introduces Avocent MergePoint Infrastructure Explorer
News & Analysis
Filter by
avocent corp. - All News and Analysis
Emerson Electric Company F4Q9 (Qtr End 09/30/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from the line Bob Cornell with Barclays Capital. Bob Cornell - Barclays Capital Yes thanks. Good to hear Dave you sound little tired, a tough year. David Farr A tough year, two days of tough board meetings in Las Vegas and...
Emerson / Avocent: Checking the Synergies
Zacks.com submits: Wednesday, Emerson Electric Co. EMR announced that it has reached an agreement to acquire network equipment technology provider Avocent Corp. AVCT for $1.2 billion in cash. Emerson will pay $25 per share for Avocent, which is a 22% premium to Monday’s closing price. Emerson believes...
Emerson Buying Avocent for $1.2 Billion
Emerson Electric, a major player in the data center power and cooling arena, is looking to grow its capabilities by buying Avocent and its data center monitoring and management capabilities. Officials for both companies say the combination will enhance what Emerson can do to help businesses lower the energy costs...
Avocent Corp. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions We’ll take our first question from Scott Zeller with Needham & Co. Scott Zeller - Needham & Co. Hi. Thanks. Could you just help us out; there have been a lot of questions that I’ve been fielding about how management...
Avocent Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We’ll take our first question from Aaron Schwartz with JP Morgan. Aaron Schwartz - JP Morgan Had a follow-up question on the economic comments you just made. I was wondering if you could provide more detail. Are you assuming a more challenging environment in...
Avocent Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Aaron Schwartz. Your line is open. Aaron Schwartz - JP Morgan It looks like the branded business had a pretty good quarter and I was wondering if you could characterize what the negotiation is like there with the customers in...
Avocent Introduces New Wireless Distribution Product That Simplifies Audio Video Installations
Avocent Corporation (NASDAQ: AVCT) today introduced a new model of the Emerge® MPX extender, the MPX1500T high-definition HD multipoint extender transmitter, which wirelessly distributes HD content from a source to multiple destinations. Avocent's wireless HD video distribution system is changing the way digital signage systems are being deployed. ...
Avocent Corporation to Webcast Annual Meeting of Stockholders on June 12, 2008
HUNTSVILLE, Ala. -- Avocent Corporation (NASDAQ: AVCT) announced today that it will webcast its annual meeting of stockholders to be held at 10:00 a.m. Central time on Thursday, June 12, 2008.
Avocent Combines Strategic Functions to Focus on Integrated Platform
Ben Grimes Named Chief Technical Officer
Avocent to Present at Cowen and Company 20/20 TMT Conference on May 29, 2008
HUNTSVILLE, Ala. -- Avocent Corporation (NASDAQ: AVCT) today announced that Steve Daly, Executive Vice President and General Manager, LANDesk business unit, will present at the Cowen and Company 20/20 TMT Conference in New York on Thursday, May 29, 2008, at 1:50 p.m. Eastern Time. The event is being held May...
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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