World VoIP NewsVoIP and IP telepresence company Polycom acquires HP visual collaboration business
VoIP and IP telepresence company Polycom acquires HP visual collaboration business
Videoconferencing appliances vendor Polycom paid $89 million for Hewlett- Packard's visual collaboration business, including the Halo products and managed services business. Polycom looks at this acquisition to be related with earnings upon closing. The transaction is subject to regulatory approvals and other legal closing conditions and is expected to be completed in the third quarter of 2011.
Financial details have not been revealed, though Polycom said the deal will slightly boost its earnings after the expected close in the third quarter. As the crucial element of the agreement is HP takes the responsibility to resell Polycom telepresence and video UC solutions, as well as Polycom's video applications also will be suitable and reachable at HP's WebOS platform.
The unique partnership expands Polycom's strategic connections with HP and augments the UC solutions HP offers its customer base. "It looks like HP might be pushing away from videoconferencing," James Kelleher, director of research at Argus Research said. "It's partly that HP CEO really desires to focus on this being a solutions company."
HP's Halo is one of the high-end models available in video conferencing, using large HD screens and high-speed networks. As the technological trend, more videoconferencing is taking place at the lower end of the spectrum, on desktops with more reasonably priced systems.
|© 2002-2018||Follow us @providerslist|