Independent Company AmZetta Formed by American Megatrends

American Megatrends International LLC (AMI) formed a new, independent company named AmZetta Technologies, LLC, to be based in Norcross, GA.

This follows the announcement of a strategic investment in AMI by HGGC, a technology-focused private equity firm.

With its engineering-centric workforce, AMI has been working with newer technologies, developing new products, outside the realm of its main product areas. 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 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 CEO 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 entiy 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 Shankar.

“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.