Breaking news: HP Completes Acquisition of 3Com Corporation

Posted: April 18, 2010 in Uncategorized
Tags:

HP today announced it has completed its acquisition of 3Com Corporation at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion.
HP will integrate 3Com’s network switching, routing and security solutions with its existing HP ProCurve solutions, creating a comprehensive portfolio for customers. Combined with HP’s global reach, the expanded portfolio solidifies HP’s Converged Infrastructure strategy, which is built on the integration of servers, storage, networking, management, facilities and services. With this integration, customers will be able to simplify their networks, deploy an edge-to-core network fabric for the enterprise and improve IT service delivery capabilities.
The acquisition of 3Com expands HP’s Ethernet switching offerings, adds routing solutions and significantly strengthens the company’s position in China. 3Com also brings to HP network security capabilities through its TippingPoint portfolio. Together, HP is able to deliver one of the broadest network technology capabilities in the market to meet customer needs well into the future.
Further details on product integration will be announced at a later date as HP said .. can see detail on HP web

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s