|By Business Wire||
|February 5, 2014 12:01 PM EST||
Legrand, a global leader in electrical and data network infrastructure solutions, today announced it has signed a definitive agreement to acquire Lastar, Inc., including its Quiktron and C2G divisions. Quiktron, based in Albia, IA is a leading manufacturer of copper and fiber optic cable assemblies for the data communications distribution channel. C2G, based in Moraine, OH, is a recognized leader of cabling and connectivity products for the A/V and IT industries. Consummation of the transaction is subject to the completion of conditions for closing, including the receipt of consents and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, which is anticipated within 30 – 60 days. Until such time, the companies will continue to operate independently.
Legrand’s acquisition of Lastar and its Quiktron and C2G brands would strengthen Legrand’s position and capabilities in the data communications and A/V channels while simultaneously providing Legrand access to new customer segments.
New breeds of digital applications and an increasing demand for streaming content at home and at work have driven rapid growth in the data center and the continued buildout of higher bandwidth communication infrastructures. Given the industry trend toward pre-terminated cable assemblies, Legrand would now offer its customers a broader array of custom and pre-terminated copper and fiber cable assemblies that are designed for flexibility and efficient installation.
“We are focused on providing a more integrated infrastructure solution including cable assemblies, connectivity, cabinets, racks, cable tray, and cable management solutions that will help address our customers’ requirements for next-generation data communications demands,” said John Selldorff, President and CEO, Legrand, North America. “The acquisition of these leading organizations underscores Legrand’s commitment to strategic growth in the data communications and A/V channels.”
The addition of Quiktron to Legrand’s existing data communications product and service capabilities would provide customers a more complete and fully integrated end-to-end solution. Additionally, customers would find increased flexibility in design, installation and support services from one streamlined source. In joining Legrand, C2G would gain access to Legrand’s global resources and capabilities in the acceleration of innovation, expansion of services, and the addition of select data communications and A/V products, over time, that are currently not available in their product catalog.
“Lastar’s customers would undoubtedly benefit from the increased access to a diverse range of products and the complete turnkey suite of solutions that Legrand would offer” said Bill Diederich, President and CEO, Lastar, Inc. “Upon formal completion, the acquisition would create new growth potential for all parties involved as the data communications, A/V and IT landscapes continue to evolve.”
“Lastar values providing customers an effortless experience, innovation in products and services, and caring for and communicating openly with its associates” said Mike Shane, Lastar Chairman and co-founder. “We are happy to find new owners 30 years after founding the company, who share those values and who will give our team the opportunity to take Lastar’s achievements to the next level backed by the strength of a vibrant global company.”
Founded in 1984, Lastar employs nearly 1,000 employees with operations in nine locations throughout the United States, Europe and Asia. In 2013, Lastar achieved global revenues of more than $135 million.
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value and acquisitions are prime vectors for growth. Legrand reported sales of close to $5.8 billion in 2012. Legrand has a strong presence in the North American market, with a portfolio of well-known product lines that include Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold. The company is listed on NYSE Euronext and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, ASPI and DJSI (ISIN code FR0010307819). www.legrand.us
C2G is a division of Lastar, Inc., a global leader in IT, A/V, and datacom cabling and connectivity solutions since 1984. C2G delivers connectivity solutions renowned for superior quality, value, and innovation and are backed by their uncompromising commitment to customer service. C2G is best known for being the cabling and connectivity supplier of choice for industry leading technology resellers and distributors and has operations across North America, EMEA, and Asia. For more information regarding C2G, visit www.c2g.com.
Quiktron is a leading manufacturer of fiber optic and cable assemblies for the datacom and telecommunications industries since 1992.The company partners with prominent distributors that offer a full line of data and communications products. With facilities in Albia, Iowa and Hickory, North Carolina, Quiktron provides custom manufacturing of fiber and copper interconnects as well as the distribution of more than 3,000 core items. www.quiktron.com
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager – Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, will review next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discuss how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Speaker Bios Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has b...
May. 27, 2015 03:45 PM EDT Reads: 1,105
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption...
May. 27, 2015 03:37 PM EDT
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
May. 27, 2015 03:30 PM EDT Reads: 1,107
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...
May. 27, 2015 03:30 PM EDT Reads: 566
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cloud Database, which includes its own RESTful API. Trove was originally developed around MySQL, whose interfaces are significantly less complicated than those of the Postgres cloud database. In his session at 16th Cloud...
May. 27, 2015 03:15 PM EDT Reads: 1,097
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. The DevOps Summit at Cloud Expo – to be held June 3-5, 2015, at the Javits Center in New York City – will expand the DevOps community, enable a wide...
May. 27, 2015 03:00 PM EDT Reads: 1,886
EMC Corporation on Tuesday announced it has entered into a definitive agreement to acquire privately held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workl...
May. 27, 2015 03:00 PM EDT Reads: 748
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
May. 27, 2015 03:00 PM EDT Reads: 5,334
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
May. 27, 2015 02:00 PM EDT Reads: 1,254
How does one bridge the gap between traditional enterprise storage infrastructures and the private, hybrid, and public cloud? In his session at 15th Cloud Expo, Dan Pollack, Chief Architect of Storage Operations at AOL Inc., examed the workload differences and required changes to reuse existing knowledge and components when building and using a cloud infrastructure. He also looked into the operational considerations, tool requirements, and behavioral changes required for private cloud storage s...
May. 27, 2015 02:00 PM EDT Reads: 2,658
Software is eating the world. Companies that were not previously in the technology space now find themselves competing with Google and Amazon on speed of innovation. As the innovation cycle accelerates, companies must embrace rapid and constant change to both applications and their infrastructure, and find a way to deliver speed and agility of development without sacrificing reliability or efficiency of operations. In her Day 2 Keynote DevOps Summit, Victoria Livschitz, CEO of Qubell, discussed...
May. 27, 2015 02:00 PM EDT Reads: 5,504
The speed of product development has increased massively in the past 10 years. At the same time our formal secure development and SDL methodologies have fallen behind. This forces product developers to choose between rapid release times and security. In his session at DevOps Summit, Michael Murray, Director of Cyber Security Consulting and Assessment at GE Healthcare, examined the problems and presented some solutions for moving security into the DevOps lifecycle to ensure that we get fast AND ...
May. 27, 2015 02:00 PM EDT Reads: 4,865
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
May. 27, 2015 02:00 PM EDT Reads: 4,021
Cloud Expo, Inc. has announced today that Andi Mann returns to DevOps Summit 2015 as Conference Chair. The 4th International DevOps Summit will take place on June 9-11, 2015, at the Javits Center in New York City. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at ...
May. 27, 2015 02:00 PM EDT Reads: 1,602
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
May. 27, 2015 01:30 PM EDT Reads: 1,393