NORCROSS, GA – American Megatrends International LLC (AMI) a global leader in BIOS/UEFI, BMC (out-of-band server management) firmware and data center solutions is pleased to announce the formation of a new, independent company named AmZetta Technologies, LLC (AmZetta), to be based in Norcross, Georgia. This follows the announcement of a strategic investment in AMI by HGGC, a leading, technology-focused private equity firm.
With its engineering-centric workforce, AMI has been quietly working with newer technologies, developing new products, outside the realm of AMI’s main product areas that it is well known for. Many of these new products have been shipping to customers, some others nearing product launch. The new entity AmZetta will nurture these products, while AMI will focus its energies on taking Aptio and MegaRAC, to the next stage of growth and development. The two companies will be strategic partners and look for opportunities to collaborate on solutions that benefit their customers and the market.
Following this announcement, AmZetta will assume responsibility for StorTrends® Network Storage products, SnapVDI® Thin Client solutions, IoTbrix™ Cloud-based IoT Firmware Development Environment, AMIDuOS® emulator for running Android™ applications in a Microsoft® Windows® environment and AMIBOLT™ Smart Healthcare solutions.
Although AmZetta is a newly formed entity, its development, operations and management teams will remain essentially the same as they were under AMI, since the employees involved in the product activities under the AMI umbrella, will transfer to AmZetta. Subramonian Shankar, the current President and Chief Executive Officer of AMI, will also take the role of President at AmZetta.
As this transition takes effect, current AMI customers of StorTrends, SnapVDI, IoTbrix and AMIBOLT products should continue to get same the level of unrivalled support and innovation from AmZetta, that they have come to know and expect from AMI.
“The creation of a separate entity with AmZetta allows us to develop a more focused and growth-oriented portfolio as we deliver industry-leading technologies and products to rapidly growing markets. Our strong product portfolio provides multiple avenues to drive organic growth and continued margin expansion, augmented by a vigorous engineering strategy that will continue to generate tremendous technology value for our customers,” said Subramonian Shankar, AMI President and Chief Executive Officer.
“AmZetta remains committed to supporting our 2,000-plus customer installations and delivering a wide range of innovative, advanced products, services and support that address the diverse needs of our growing customer base,” said Justin Bagby, AmZetta Director of Sales and Marketing.