LAS VEGAS – As it relaunches as a private company with a new brand, Vertiv confronts a changing landscape in its core niche of data center power and cooling products. Vertiv is the new name for Emerson Network Power, which was acquired by the private equity firm Platinum Equity Group in a $4 billion transaction. The deal closed Dec. 1, and last week’s Gartner Data Center Conference provided a first look at the new Vertiv.
Like all parts of the data center industry, the power and cooling sector is adapting to the growth of cloud computing, which is concentrating IT workloads in hyperscale facilities. Vertiv executives say the new company is better positioned to respond to the shift to web-scale infrastructure.
“There’s lots of great things about being a private company, and that’s exciting,” said Enzo Greco, Vice President and General Manager, Software for Vertiv. “We’ve seen how quickly the market is changing. One of the biggest advantages is that it allows us to invest on a long-term basis, rather than focusing on a quarterly return. This will let us look at the business holistically and strategically.”
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