APC by Schneider Electric
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| Type | Subsidiary of Schneider Electric |
|---|---|
| Founded | 1981 |
| Headquarters | West Kingston, Rhode Island |
| Products | Uninterruptible power supplies, Data center, Servers, Storage, Software, Services |
| Revenue | $3.5 Billion (2007) |
| Employees | 12,000 (2007) |
| Parent | Schneider Electric |
| Website | APC |
APC by Schneider Electric, formerly known as American Power Conversion Corporation, is a manufacturer of uninterruptible power supplies, electronics peripherals and data center products.
In 2007, Schneider Electric acquired APC and combined it with MGE UPS Systems to form Schneider Electric's Critical Power & Cooling Services Business Unit, which recorded 2007 revenue of $3.5 billion (EUR 2.4 billion) and employed 12,000 people worldwide. Until February 2007, when it was acquired, it had been a member of the S&P 500 list of the largest publicly-traded companies in the United States. Schneider Electric, with 113,900 employees and operations in 102 countries, had 2008 annual sales of $26 billion (EUR 18.3 billion).
In 2011 APC by Schneider Electric became a product brand only, while the company was rebranded as the IT Business Unit of Schneider Electric.
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[edit] History
APC was founded in 1981 by three MIT Lincoln Lab electronic power engineers. Originally, the engineers focused on solar power research and development. When government funding for their research dried up, APC shifted its focus to power protection by introducing its first UPS in 1984.
In July 1988, APC became a publicly held company, traded on the NASDAQ exchange under the ticker symbol APCC. In February 2007, American Power Conversion was delisted from the NASDAQ exchange, and replaced in the S&P 500 Index by Hudson City Bancorp.[citation needed]
[edit] Acquisition by Schneider
Schneider Electric announced its acquisition of APC on October 30, 2006[1] and completed it on February 14, 2007.[2] The deal was approved by APC share holders on January 16, 2007.[3] The European Union authorized the merger, provided that Schneider divest itself of the MGE UPS SYSTEMS global UPS business below 10kVA.[4] This operation was sold to Eaton Powerware.
[edit] Product lines
Today, the Company focuses its efforts on four application areas:
- Home/Home Office
- Business Networks
- Access Provider Networks
- Data Centers and Facilities
[edit] Symmetra
APC Symmetra is a line of Uninterruptible Power Supply products by American Power Conversion Corp aimed at network and server applications. Symmetras come in power configurations ranging from 2-16 kVA. Symmetras are built in a rack optimized form factor and include features such as integrated manageability, hot-swappability, user replaceable power, battery and intelligence modules. Typical applications include Web and other key application servers, IP based and traditional PBX voice solutions, and enterprise type network switches. APC's signature product is InfraStruXure, which has been called the IT industry's most comprehensive integrated power, cooling, and management solution for data centers.
[edit] Smart-UPS
APC Smart-UPS is a line of smaller units for home and office use, available in floor standing and rack mount versions.
[edit] References
- ^ Acquisition presentation document, [1]
- ^ [2] [3]
- ^ Schneider Electric - Electrical Distribution and Automation and Control
- ^ Schneider Electric - Electrical Distribution and Automation and Control
[edit] External links
- Technology companies
- Companies established in 1981
- Companies based in Rhode Island
- Multinational companies
- Computer storage companies
- Computer companies of the United States
- Computer hardware companies
- Software companies based in Rhode Island
- Electronics companies of the United States
- Electric power systems components
- Computer peripherals
- Consumer electronics
- Uninterruptible power supply
