Who Owns Avocent?
Avocent is owned by Vertiv Holdings Co. (NYSE: VRT), a publicly traded American critical digital infrastructure company. Emerson Electric acquired Avocent Corporation in 2009 for approximately $1.2 billion. In 2016, Platinum Equity acquired Emerson's Network Power division and rebranded it as Vertiv, bringing Avocent into Vertiv's portfolio. Vertiv went public in February 2020. Avocent is headquartered in Huntsville, Alabama, USA, and its KVM and IT management solutions are deployed in data centers and mission-critical facilities worldwide.
Parent Company
Vertiv
Acquired
2009
Status
Publicly Traded
Headquarters
Huntsville, Alabama, USA
Who Owns Avocent?
- Parent Company: Vertiv
- Ownership Type: Wholly owned
- Acquisition Year: 2009
- Company Type: Publicly Traded
- Stock Ticker: NYSE: VRT
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Avocent | Vertiv | Wholly owned |
History of Avocent
- Founded: 1988
- Founders: Avocent Corporation (independent founding)
- Acquired by Vertiv: 2009
Avocent Corporation was founded in 1988 in Huntsville, Alabama. The company's initial focus was keyboard, video, and mouse switching technology, which allowed data center administrators to control multiple physical servers from a single console workstation. Before KVM switches, operating multiple servers required a dedicated keyboard, monitor, and mouse for each machine, creating significant space and cost inefficiencies in server rooms.
Through the 1990s, Avocent expanded its product line to include analog and digital KVM switches in configurations ranging from small office deployments to large enterprise data center installations supporting hundreds or thousands of servers. The company went public and grew both organically and through acquisitions. Notable purchases included Cybex International's server management division in 2003 and Equinox Systems, a provider of serial console servers, in 2003 as well. These additions broadened Avocent's capabilities into out-of-band management and serial port access, complementing its core KVM business.
By the mid-2000s, Avocent had become one of the two dominant KVM switch vendors in the enterprise market alongside ATEN International. The company introduced IP-based KVM over IP products that allowed administrators to manage servers remotely over a network rather than requiring physical presence in the data center, a significant operational improvement for organizations managing geographically distributed infrastructure.
Emerson Electric announced the acquisition of Avocent in September 2009 for approximately $1.2 billion, completing the transaction in December 2009. Emerson integrated Avocent into its Network Power division alongside brands including Liebert (power and thermal management) and Chloride (power protection). Under Emerson's ownership, Avocent continued product development and maintained its market position, though the business operated within the constraints of a large industrial conglomerate focused primarily on power and thermal management rather than IT management.
In December 2016, Platinum Equity completed the acquisition of Emerson's Network Power division for approximately $4 billion, renaming the entity Vertiv. Avocent retained its brand identity within the new Vertiv structure alongside Liebert and other infrastructure brands. Vertiv went public in February 2020 through a SPAC transaction. The company has since grown significantly, driven first by general data center expansion and more recently by the surge in AI infrastructure investment.
About Vertiv
Who owns Vertiv?
Vertiv Holdings Co. is a publicly traded company listed on NYSE (VRT) and owned by institutional investors, mutual funds, and individual shareholders. Prior to its 2020 IPO, the company was owned by private equity firm Platinum Equity.
Is Vertiv publicly traded?
Yes, Vertiv is publicly traded on the New York Stock Exchange under ticker VRT. The company went public in February 2020 through a SPAC merger with GS Acquisition Holdings Corp.
What does Vertiv do?
Vertiv designs, manufactures, and services critical digital infrastructure solutions including power management systems, thermal management (cooling) systems, IT infrastructure management tools, and electrical infrastructure for data centers and mission-critical facilities.
What is Vertiv's revenue?
In FY2024, Vertiv reported net revenues of approximately $8.1 billion, up approximately 20% year-over-year, driven by surging demand for data center infrastructure related to AI workloads.
Why is Vertiv benefiting from AI?
AI workloads require significantly more power and cooling per server rack than traditional computing workloads. AI servers can consume 10-30 kilowatts per rack, compared to 5-10 kilowatts for traditional servers. This drives demand for Vertiv's high-density power management and cooling solutions.
When was Vertiv founded?
Vertiv traces its roots to 1965 when Eugene Liebert founded Liebert Corporation. The business was acquired by Emerson Electric in 2000, sold to Platinum Equity in 2016 (and rebranded as Vertiv), and went public in 2020.
- Founded: 1965
- Headquarters: Columbus, Ohio, USA
- Company Type: Publicly Traded
- Stock: NYSE: VRT
- Revenue: $8.1 billion (FY2024)
- Employees: ~27,000
Where Is Avocent Made / Based?
- Headquarters: Huntsville, Alabama, USA
- Manufacturing / Operations: United States
Brands Owned by Vertiv
- Geist - Specialized brand providing rack power distribution units (PDUs), monitoring sys...
Avocent Ownership: Pros & Cons
Advantages
- +Vertiv's scale provides access to data center customers purchasing power and thermal products alongside IT management
- +Brand has maintained independent identity within Vertiv's portfolio since 2016
- +Enterprise KVM market has structural demand driven by hardware-level server access requirements
- +AI infrastructure growth is increasing data center investment, benefiting Avocent's addressable market
- +Huntsville engineering team has more than 35 years of product development continuity
Considerations
- -Software-defined remote access tools from vendors like Hewlett Packard Enterprise and Dell compete with IP KVM for some use cases
- -Vertiv's rapid growth from AI demand may shift internal resource allocation toward power and thermal products over IT management
- -Brand visibility is lower than Vertiv's flagship Liebert brand in the data center infrastructure market
- -Dependency on Vertiv's corporate priorities and capital allocation decisions
Frequently Asked Questions About Avocent
Sources & Further Reading
Competitors to Avocent
No direct competitors found in the same category. This could be because Avocentoperates in a unique market segment or we're still building our competitor database.
Vertiv Stock Information
Jobs at Vertiv
Latest News About Avocent
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