HP signed a definitive agreement to acquire Colubris Networks, a
privately-held global provider of intelligent wireless networks for
enterprises and service providers.
HP plans to integrate Colubris' extensive product line into its ProCurve
Networking product portfolio. This will expand HP ProCurve's reach into
vertical markets such as hospitality, transportation, healthcare,
manufacturing, service provider and education.
The award-winning Colubris Networks Intelligent Mobility Solution delivers
wireless integrated access, management and security products as well as
802.11n capability – all of which help enterprises and service providers
broaden the reach and impact of voice, data and multimedia applications.
"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, and will
deliver even more best-in-class choices for our customers worldwide," says
Marius Haas, senior vice president and general manager, HP ProCurve. "With
our vision and continued support from HP leadership, I am convinced that
ProCurve's impressive growth and market leadership is unlimited."
The acquisition is subject to certain closing conditions and is expected to
close by the end of HP's fiscal year 2008. Financial terms of the
transaction were not disclosed.