February 25, 2008 - Aperture, provider of software for managing the physical infrastructure of data centers, announced that Apertures board of directors has agreed in principle to Emersons offer to acquire 100 percent of Apertures share capital.
The acquisition will become final once all Aperture shareholders have agreed to its terms. The financial terms of the agreement will not be disclosed.
Aperture will become a division of Emerson Network Power, an Emerson business platform with annual revenues of approximately $5.2 billion. It is a leader in delivering solutions that support business-critical technology systems.
The addition of Aperture to Emerson Network Powers portfolio will complement Emersons Liebert product line. As the physical infrastructure of data centers become rapidly more complex, driven by increasing demand for power and cooling coupled with technology advancements in IT hardware, the combination of the Aperture VISTA products and the Liebert critical power, cooling and monitoring technologies supplied by Emerson, will enable data center professionals to manage that complexity more easily.
Emerson is a highly respected global company with an outstanding pedigree in data center technology solutions, said Bill Clifford, CEO, Aperture. We would not have agreed to the acquisition if we did not genuinely feel that the combined company would be able to deliver significant value to our employees and to our joint customer base. Together we will also be able to address new markets, such as the emerging demand among small and mid-size data centers for more sophisticated management solutions.
During its 20-year history, Aperture has built up an impressive reputation as a trusted vendor of highly reliable and innovative data center infrastructure management solutions, said Bob Bauer, Group Vice President, Emerson. Apertures vendor-independent VISTA products and its strong business relationship with IT decision-makers will help us to expand the Liebert brand presence into IT operations and better serve IT managers data center needs. On behalf of everyone at Emerson I am very much looking forward to working with Aperture to continue to develop and deliver its world-leading technologies and services.
Following the acquisition, Aperture will continue to operate as an autonomous business division of Emerson Network Power. Bill Clifford will remain as president of the Aperture division of Emerson.
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