Hewlett-Packard (HP) has signed a definitive agreement to acquire Printelligent, a provider of managed print services.
Financial terms of the transaction were not disclosed.
Through this acquisition, HP will combine Printelligent’s infrastructure, software and trained workforce with its channel relationships, experience and broad base of services and offerings, to strengthen HP’s position in (Managed Print Services) MPS.
In addition, the acquisition will also help HP’s channel partners extend their customer relationships while recognising new revenue streams, the company said.
HP imaging and printing group executive vice-president Vyomesh Joshi said the acquisition puts the company further ahead by strengthening their ability to deliver services and offerings through their channel partners to SMB customers.
"We’re reinforcing our commitment to our channel partners by bringing them a level of technology and experience that is unprecedented in the industry," Joshi said.
HP said that upon completion of the acquisition, Printelligent’s assets will be integrated into the LaserJet and Enterprise Solutions unit within the Imaging and Printing Group of the company.
The acquisition is subject to customary closing conditions and is expected to close in the company’s fiscal third quarter.
