PROFILE |
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Powerware had lost some control, but it's gaining power. A leading manufacturer of uninterruptible power supplies, power management software, and related equipment, the company is being spun off by its parent, UK-based Invensys. (Invensys will retain a 75% stake in Powerware.) Powerware's products protect sensitive electronic equipment and systems from electrical power outages, surges, sags, and spikes, and provide temporary backup power. Uses include backing up PCs, communications equipment, and aerospace and military applications. Powerware also services its products and offers training. It operates worldwide. Formerly named Exide Electronics Group, the company was purchased by a predecessor of Invensys in 1997.
COMPETITION |
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American Power Conversion Corporation (APCC)
Emerson (EMR)
SPX Corporation (SPW)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
1997 Sales (mil.): 578.30
1-Yr. Sales Growth: 25.7%
Employees: 3,400
Revenue per employee: $170,088.24
KEY PEOPLE |
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Patrick Steffen
CEO
Michael Draper
CFO
CONTACT INFO |
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Forum III, 8609 Six Forks Rd.
Raleigh, NC 27615
US
Phone: 919-872-3020
Fax: 800-753-9433
Online: Web Site
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