North American subsidiary of the French electrical equipment vendor Legrand has agreed to acquire Raritan, a Somerset, New Jersey-based supplier of data center infrastructure products. Raritan’s data center infrastructure management software will be spun off as an independent company, the companies announced Tuesday.
The new DCIM company will be called Sunbird Software. It will act as Raritan’s partner, chaired by Raritan founder and CEO Ching-I Hsu, according to a news release.
Completion of the spin-off will be contingent on completion of the acquisition, which the companies expect to happen within the next 30 to 60 days.
Raritan will operate as an independent business within Legrand. Financial terms of the transaction were not disclosed.
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