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HP Bolsters ProCurve Arm With Colubris Acquisition
Monday, August 11, 2008
By bMighty.com Staff
HP is expanding its presence in the wireless space with a definitive agreement to acquire Colubris Networks, a Waltham, Mass.-based provider of wireless networks.
The HP-Colubris buy comes just days after a memo obtained by Everything Channel revealed HP's teaming with CDW to sell to SMBs.
Colubris' product line, which includes tools for wireless integrated access, management and security products, as well as 802.11n capabilities, will be integrated into HP's ProCurve Networking division. HP ProCurve, the world's second-largest enterprise LAN networking vendor behind Cisco Systems, already offers network switching and routing products to such verticals as hospitality, transportation, health care, manufacturing, service provider and education. Financial terms of the deal, expected to close by the end of October, were not disclosed.
"The acquisition of Colubris Networks will strengthen ProCurve’s hardware, management platform and services, significantly improving the overall performance capabilities of both wired and wireless networks," said HP ProCurve SVP and GM Marius Haas, in a statement.
The HP-Colubris buy comes just days after a memo obtained by Everything Channel revealed HP's teaming with CDW to sell to SMBs.
Source(s): ChannelWeb
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