Posted on June 16, 2015
Raritan signs definitive agreement to be acquired by Legrand, spins off DCIM business unit adding additional resources, focus, and agility in a high growth data center market opportunity.
SOMERSET, N.J.— (June 16, 2015) — Raritan announced today a plan to separate its DCIM software business from Raritan in a transaction that will result in two independent and highly focused companies. Raritan will continue to focus on its Power and KVM hardware business and Sunbird Software will become a new company to focus entirely on the DCIM market, accelerating growth of software sales while maintaining a strong commercial relationship with Raritan.
The DCIM market is expected to grow rapidly due to industry trends toward improving data center energy efficiency, asset, capacity, and operations management. The spin-off will allow each company to benefit from greater strategic and managerial focus. The separation will enable the two businesses to compete more effectively in their respective markets and optimize their respective business goals, engineering initiatives and capital requirements.
According to Ching-I Hsu, CEO and founder of Raritan, “The restructuring and spinoff of this successful DCIM business within Raritan will allow the newly formed Sunbird Software to focus on growing its leadership position in the DCIM market, accelerating software development, sales and services.”
The completion of the proposed spin-off is subject to the completion of conditions for closing the Raritan-Legrand transaction, including the receipts of consents and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is anticipated within 30-60 days. Until such time, Sunbird Software will continue to operate as part of Raritan and Raritan will continue to operate independent of Legrand.
After closing, Sunbird Software would operate as an independent business separate from Raritan and would remain focused on its pragmatic approach to delivering successful DCIM deployments for data center customers worldwide. Herman Chan, current Raritan SVP Marketing and GM DCIM will become President of Sunbird Software.
“With over 850 global customers, Sunbird is a leader in the growing DCIM software market and will become a nimbler, more agile company enabling the best customer and partner experience with its additional focus” said Herman Chan. “As an established partner of Raritan, Sunbird will support Raritan’s future hardware while innovating to address opportunities with a broader set of vendor partners.”
Raritan is a proven innovator of energy and infrastructure management solutions for data centers of all sizes. In more than 50,000 locations worldwide, Raritan’s award-winning hardware and software solutions – including intelligent rack PDUs, environment sensors, and KVM switch products – provide IT and facility directors, managers and administrators with the control they need to increase power management efficiency, improve data center productivity and enhance operations. Based in Somerset, N.J., Raritan has offices worldwide serving customers in 76 countries. Raritan is an active member of the Green Grid, Climate Savers Computing Initiative, and the Leadership in Energy and Environmental Design associations. The EPA has recognized Raritan for its contribution to the agency’s data center initiative.
About Sunbird Software
Sunbird Software is changing the way data centers are being managed. With a focus on real user scenarios for real customer problems, we help data center operators manage tasks and processes faster and more efficient than ever before, while saving costs and improving availability. We strive to eliminate the complexity they have been forced to accept from point tools and home grown applications, removing the dependency on emails and spreadsheets to transform the delivery of data center services. Sunbird delivers on this commitment with unexpected simplicity through products that are easy to find, buy, deploy, use, and maintain. Our solutions are rooted in our deep connections with our customers who share best practices and participate in our user groups and product development process. Learn more today at http://www.sunbirddcim.com.
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