Avocent acquires 2C Computing for $22.8 million in cash
August 5, 2002, Huntsville, AL

Avocent Corporation today announced that it signed a definitive agreement to acquire 2C Computing Incorporated for approximately $22.8 million in cash. The acquisition is subject to the approval of 2C's shareholders and is expected to close on or before August 20, 2002.

2C has developed digital extension technology that provides a unique extension solution for distributed, back-racked or managed PCs, referred to as 'Split Client' architecture. A Split Client PC is a standard PC that has 'split' the user interface portion (Video, USB, etc.) up to 100 meters away from the computing resource. This permits centralization of all PCs in one location or in secure locations throughout a facility.

2C licensed the base technology from Avocent in early 2000 and began shipping its first product earlier this year.