CommScope Acquires iTRACS —Acquisition Will Create One of Industry’s Broadest Enterprise DCIM Platforms— Business Wire HICKORY, N.C. -- March 19, 2013 To further expand the solutions available for supporting enterprise customers with intelligence and infrastructure management, CommScope has acquired substantially all of the assets of iTRACS Corporation, a global leader in open, enterprise-class data center infrastructure management (DCIM). The transaction was completed Monday and terms are not being disclosed. iTRACS, previously a privately-held company principally located in Tempe, AZ, is a leading global innovator in open physical infrastructure management with a 25-year track record of helping enterprises improve operational efficiency, maximize capacity utilization, reduce costs and optimize the business value of their infrastructure investments. iTRACS solutions are deployed globally in some of the world’s most complex data centers and infrastructure environments. More than one-third of its customers are in the Global 500/Fortune 500, with 1.6 million square feet managed in one customer’s site alone. The acquisition will strengthen CommScope’s position in infrastructure management, enabling CommScope to provide one of the industry’s most comprehensive and automated infrastructure management platforms. It will provide customers with an industry-leading, best of breed infrastructure management portfolio to help them optimize the strategic value of their interconnected infrastructure and keep it continuously aligned to the needs of the enterprise. “Together with iTRACS, we can provide business enterprises around the world with the broadest and best possible solutions for designing, managing, monitoring and planning data center infrastructure,” said Kevin St. Cyr, senior vice president of Enterprise Solutions, CommScope. “iTRACS Converged Physical Infrastructure Management™ (CPIM®) will build upon CommScope’s imVision® solution to position us with a platform that we believe will bring to our customers best-in-class network and power infrastructure documentation and asset management. This open architecture platform, coupled with a 3D visual modeling that is second to none in the DCIM market segment, provides a complete visual representation of the entire physical ecosystem, including energy consumption, thermal conditions, network connectivity, power connectivity, and can incorporate additional statistics like server performance and storage capacity.” DCIM is a rapidly growing infrastructure management solution that drives strategic value for the enterprise. As a DCIM leader, iTRACS CPIM provides a holistic view of the entire physical ecosystem and dynamically understands how a change or failure of a single device in the ecosystem affects the performance of all other devices and conditions in the environment. The platform allows users to see, understand, manage and optimize these dynamics continuously in a real-time visualized 3D environment. “iTRACS brings CommScope an unparalleled understanding of enterprise connectivity through its rich history in intelligent infrastructure,” said St. Cyr. “iTRACS understands the interconnectivity and interdependencies in the physical layer—and how to manage those interrelationships to optimize the performance of the logical layer—better than anyone. We look forward to combining iTRACS’ award-winning software portfolio with CommScope’s global reach, deep expertise and robust data center solutions portfolio. The benefits and synergies of two leaders coming together to provide world class solutions are a compelling story for our customers and can set a new standard in what DCIM can do and be.” iTRACS’ open-systems alliances and partnerships are vital for the future and the company intends to honor and build on those relationships to provide customers with the most comprehensive DCIM solution on the market. “iTRACS combines unparalleled interconnectivity expertise and best-of-breed visualization capabilities in an open-systems, management-based platform that transcends vendor-lock or proprietary constraints,” said Elizabeth A. Given, president and chief executive officer, iTRACS. “We empower infrastructure owners and operators with holistic, actionable insight that drives knowledge-based decision-making across the entire multi-vendor ecosystem. Decision-makers can proactively align their IT resources to the shifting needs of the business; leverage cloud, big data, and other technology game-changers; maximize business continuity; and optimize the business value of the entire infrastructure investment. By joining CommScope, we look forward to creating an unmatched portfolio of open-systems intelligent infrastructure management that will drive a new level of business value for enterprises around the world.” iTRACS has been recognized in DCIM by leading market researchers as a Gartner Cool Vendor and an IDC Major Player. The company also was recognized recently by Enterprise Management Associates as a Value Leader, the highest honor bestowed in that firm’s “radar” evaluations. iTRACS also was named one of the CRN Data Center 100 for 2013. CommScope funded the acquisition from cash on hand and funds available under its revolving credit facility. imVision and CPIM are registered trademarks of CommScope, Inc. iTRACS Converged Physical Infrastructure Management is a trademark of CommScope, Inc. About CommScope: CommScope (www.commscope.com) has played a role in virtually all the world’s best communication networks. We create the infrastructure that connects people and technologies through every evolution. Our portfolio of end-to-end solutions includes critical infrastructure our customers need to build high-performing wired and wireless networks. As much as technology changes, our goal remains the same: to help our customers create, innovate, design, and build faster and better. We’ll never stop connecting and evolving networks for the business of life at home, at work, and on the go. This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise. Contact: News Media Contact: Rick Aspan, CommScope +1 708-236-6568 email@example.com or William Bloomstein, iTRACS +1 617-721-9445 firstname.lastname@example.org or Financial Contact: Phil Armstrong, CommScope +1 828-323-4848
CommScope Acquires iTRACS
Press spacebar to pause and continue. Press esc to stop.