SALT LAKE CITY, Utah – September 22, 2009 – Avocent Corporation (Nasdaq: AVCT), a global leader in IT operations management, today announced the availability of the latest best practice guide: “KOALA in Depth: Lifecycle—Foundation for Operational Alignment and Audit Response.” This white paper is the fourth installment of a comprehensive five-part series that explores in detail the five key elements of asset management — key costs, ownership, accountability, lifecycle status and assignment — offering strategic advice to IT managers who are implementing the practice.
LANDESK developed the five-part KOALA white paper series as a result of unprecedented demand for the initial KOALA white paper, “A Pragmatist’s Guide to Structuring IT Asset Data.” The fourth installment, focusing on the lifecycle of asset tracking, provides a how-to guide that helps IT asset managers clearly define a set of asset lifecycle states for both software and hardware that directly relate to the primary task areas in finance, operations, and support. Managers can then use the normal internal operational triggers within those organizations to also trigger the IT asset management processes that run in parallel with them.
“Asset lifecycle tracking might be the most discussed, yet least understood, of the core IT asset disciplines,” said Steve Daly, executive vice president and general manager of LANDESK. “This is a shame because it’s the basic value analytics, policing operational control, and effective audit response. Our goal is to encourage IT departments to implement a tight set of guidelines for tracking physical assets – and to do this effectively, the lifecycle starts as soon as they fill out purchase orders and does not end until they are physically disposed.”
The KOALA white paper series uses a “cradle to grave” model to provide a thorough, practical framework showing both IT and businesses stakeholders the immediate and significant value of managing assets throughout their entire useable lifecycle. By defining a clear asset lifecycle, organizations achieve greater organizational alignment, tighter process coordination, and effective demonstration of how IT asset management can drive both business and operational value. The white paper highlights three major phases of asset lifecycle tracking:
- Procurement – this phase is primarily a financial activity driven in conjunction with budget planning, purchasing, and receiving. Planning is triggered either by new requirements created and approved during strategic planning or by ordinary asset refresh as existing assets go out of service and need to be replaced.
- Operations – this phase is primarily where the physical state of the asset is determined. It can either be available (in stock, ready for assignment), assigned (deployed to a stakeholder who is responsible for its use), or in repair (temporarily out of service pending repair or replacement.)
- Retirement – this phase is where the asset passes out of corporate control and closes the books on both the financial and the operational control phases. It’s typically triggered by the approach of an end-of-service date or contract expiration, and triggers a replacement evaluation process.
To learn more or to download a free copy of the white paper “KOALA in Depth: Lifecycle—Foundation for Operational Alignment and Audit Response,” visit www.landesk.com
About Avocent’s LANDESK Product Line
Avocent delivers IT operations management solutions that reduce operating costs, simplify management, and increase the availability of critical IT environments 24/7 via integrated, centralized software. LANDESK delivers cost-effective systems, security, and process management solutions that help IT teams automate and simplify the management of desktops, servers, and mobile devices. With long-standing partner relationships and solutions successfully deployed at leading enterprises worldwide, LANDESK continues to deliver rapid innovation and time to value to help organizations achieve their business objectives. Additional information is available at www.landesk.com.
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with general economic conditions, risks attributable to future product demand, sales, and expenses, risks associated with acquisitions and acquisition integration, risks associated with product design efforts and the introduction of new products and technologies, and risks associated with obtaining and protecting intellectual property rights. Other factors that could cause operating and financial results to differ are described in the Avocent annual report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2009. Other risks may be detailed from time to time in reports to be filed with the SEC. Avocent does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.
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