HP to acquire Colubris Networks

HP 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 said in a statement that it plans to integrate Colubris' extensive product
line into its ProCurve Networking product portfolio. This will expand HP
ProCurve's reach into markets such as hospitality, transportation, healthcare,
manufacturing, service provider and education.

“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 VP and GM, HP ProCurve.

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.