Installing Ubuntu 12.04 on one of our servers, it turned out that the PS/2 keyboard didn’t work. Luckily, only a few steps were required to make it work - so if you’ve got the same problem, you might give it a try:
$ sudo vi /etc/default/grub
# Change
# GRUB_CMDLINE_LINUX=""
# to
# GRUB_CMDLINE_LINUX="i8042.nopnp"
$ sudo update-grub
And restart.