Avocent Acquires Sonic

Avocent acquires Sonic Mobility for $8 million

September 1, 2004

1 Min Read

HUNTSVILLE, Ala. -- Avocent Corporation (NASDAQ: AVCT), the leading supplier of connectivity solutions for enterprise data centers, service providers and financial institutions worldwide.

Today, Avocent Corporation announced it acquired Sonic Mobility Inc., a privately-held company located in Calgary, Canada. The agreement provides for a total cash purchase price of $8 million plus the assumption of liabilities and payment of certain transaction costs.

The Sonic Mobility acquisition adds a suite of software products for secure wireless systems administration and mobile device management on multiple platforms, including BlackBerry, Pocket PC, and Palm platforms. Avocent currently provides management and access solutions for fixed IT assets. The addition of Sonic Mobility's proprietary products will expand Avocent's markets to include solutions for the fast-growing market for mobile IT assets.

Avocent Corp.

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