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PALO ALTO, Calif. Aug. 11, 2008 -- HP today announced that it has signed a definitive agreement
to
acquire Colubris Networks Inc., a Waltham, Massachusetts-based, 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,” said 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.
About Colubris Networks
Colubris Networks Inc., founded in 2000, provides organizations with
advanced wireless networking solutions that unify and integrate with
existing network infrastructures, as well as security and management
systems.
About HP ProCurve
HP ProCurve’s
Adaptive Networks vision enables customers to implement an open,
standards-based network infrastructure that adapts to the changing
needs of users, applications and organizations.
Information Source: HP
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