WEST KINGSTON, R.I., Oct. 4 /PRNewswire-FirstCall/ -- American Power Conversion (Nasdaq: APCC) (APC), a leading global provider of high availability systems for network-critical physical infrastructure (NCPI), today announced that it has completed the acquisition of privately held NetBotz, Inc., a leader in IP-based environmental and video monitoring solutions, for $31 million in cash. The addition of NetBotz further strengthens APC's portfolio of products and services for NCPI. APC will integrate the NetBotz suite of data center environmental and video monitoring solutions with APC's award-winning InfraStruXure(TM) architecture, giving customers an end-to-end solution ensuring the availability of their critical network resources.
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IT physical security is a top concern for many networking managers and NetBotz helps APC address this concern with their complete suite of security management products that complement APC's InfraStruXure architecture for wiring closets, server rooms and large data centers. In addition to new software management capabilities, NetBotz will add video surveillance and an array of environmental sensors to APC's InfraStruXure architecture, providing APC's customers an early warning, active monitoring platform that can identify and resolve events before they result in downtime.
More than 2,700 organizations worldwide use NetBotz solutions for active monitoring, early detection and instant alerts to protect critical assets from damaging physical and environmental conditions. NetBotz helps organizations protect their business value by ensuring availability of critical infrastructure from environmental threats such as extreme heat and water leaks, human error and sabotage, and radioactive and chemical materials. The company's products include monitoring appliances such as fluid detectors, particle sensors and motion detection cameras, management software, add-on hardware and software, and accessories. Austin, Texas-based NetBotz employs 61 individuals.
"This acquisition strengthens APC's ability to provide our customers with a single choice for all of their data center infrastructure needs, from power, cooling, and racks to complete NCPI management," said Rodger B. Dowdell, Jr., APC's president and CEO. "We are delighted to add NetBotz and its expansive product portfolio to the APC team. APC's sales channels will vastly increase the sales opportunities for NetBotz's innovative products, and our newly expanded portfolio of environmental monitoring solutions will help us grow our position in the estimated $7 billion network-critical physical infrastructure market."
NetBotz monitoring appliances can monitor all types of physical IT environments, from server rooms to LAN closets to large data centers. A typical NetBotz solution consists of a base station appliance with integrated environmental sensors, a color camera, and add-on sensor pods. Available options include central management software to manage larger deployments and an extended warranty.
"We are very pleased to be joining forces with APC since they are a rising star in the data center market," said Tom Goldman, NetBotz president and CEO. "APC's InfraStruXure architecture is clearly revolutionizing the way companies build data centers today, and our products complement InfraStruXure extremely well. We look forward to helping APC expand its environmental and security portfolio, adding to APC's world-class software and hardware development capability, and leveraging APC's global reach to realize the potential for our exciting business."
Safe Harbor Provision
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not describe historical facts, such as statements concerning the Company's future plans or prospects are forward- looking statements. All forward-looking statements are not guarantees and are subject to risks and uncertainties that could cause actual results to differ from those projected. The factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to successfully integrate the current operations of NetBotz and its employees into the Company and achieve anticipated results, the Company's ability to retain key employees, the acceptance of NetBotz solutions by the Company's customers, and the risks described from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
About American Power Conversion
Founded in 1981, American Power Conversion (Nasdaq: APCC) (APC) is a leading provider of global, end-to-end solutions for real-time infrastructure. APC's comprehensive products and services for home and corporate environments improve the availability, manageability and performance of sensitive electronic, network, communication and industrial equipment of all sizes. Headquartered in West Kingston, Rhode Island, APC reported sales of $1.7 billion for the year ended December 31, 2004, and is a Fortune 1000, Nasdaq 100 and S&P 500 Company. All trademarks are the property of their owners. Additional information about APC and its global end-to-end solutions is available at http://www.apc.com or by calling 800-877-4080.
About NetBotz, Inc.
NetBotz, Inc., a privately held company founded in 1999, is a leading provider of web-based monitoring solutions that close the coverage gap between traditional physical security and cyber-security. More than 2,700 organizations worldwide use NetBotz solutions. Through active monitoring, early detection, instant alerting and automated response, NetBotz web-based solutions protect critical assets from damaging physical and environmental conditions. NetBotz markets its solution through a network of distributors, solution partners and accredited resellers around the world. NetBotz is the winner of the Computerworld Network Award 2004 for "Most Innovative Use of Technology," the Deloitte & Touche Rising Star award, and the Best in Show Award in the Network Management Category at NetWorld+Interop.
For more information contact:
Investors:
Debbie Hancock, APC director, investor relations, 401-789-5735, ext. 2994, debbie.hancock@apcc.com
Media:
Chet Lasell, APC director, public relations-North America, 800-788-2208 ext. 2693, chet.lasell@apcc.com
SOURCE American Power Conversion
10/04/2005
CONTACT: Debbie Hancock, investor relations, +1-401-789-5735, ext. 2994, debbie.hancock@apcc.com, or Chet Lasell, public relations, +1-800-788-2208 ext. 2693
Web site: http://www.apc.com
(APCC)