CommScope this week announced it has acquired “substantially” all of the assets of iTRACS Corp., which it described as a “global leader” in open, enterprise-class data centre infrastructure management (DCIM).
The transaction was completed Monday and terms are not being disclosed.
Previously a privately-held company headquartered in Tempe, Ariz., iTRACS specializes 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 brings an unparalleled understanding of enterprise connectivity through its rich history in intelligent infrastructure,” said Kevin St. Cyr, senior vice president of Enterprise Solutions at Commscope. “(It) understands the interconnectivity and interdependencies in the physical layer and how to manage those interrelationships to optimize the performance of the logical layer.”
CommScope funded the acquisition from cash on hand and funds available under its revolving credit facility.