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Polycom to Acquire HP's Videoconferencing Unit

Hewlett-Packard and Polycom announced a definitive agreement under which Polycom will acquire the assets of HP's visual collaboration business, including the Halo telepresence products and managed services business.

Hewlett-Packard and Polycom announced a definitive agreement under which Polycom will acquire the assets of HP's visual collaboration business, including the Halo telepresence products and managed services business.

HP and Polycom have also agreed to establish a strategic relationship in which Polycom will serve as an exclusive partner to HP for telepresence and certain video unified communication (UC) solutions, including both resale and internal HP deployments. The two companies have also agreed to make available Polycom's video applications for HP's WebOS platform. Company officials said the partnership broadens Polycom's strategic relationship with HP and expands the UC solutions that HP offers its global customer base.

Under the terms of its agreements with HP, Polycom will provide expertise in software technology and UC infrastructure, covering the full continuum of integrated and secure mobile, desktop, room, and telepresence solutions. HP will provide its expertise and leadership in go-to-market strategies for UC solutions and will resell Polycom's UC solutions, including personal and group UC devices, UC infrastructure, UC managed services, and audio/video software.

"This announcement is a truly groundbreaking development in the UC industry, creating a path for Polycom and HP to offer customers an end-to-end UC solution with an unparalleled user experience, interoperability, investment protection, and ease of deployment," said Andrew Miller, Polycom president and CEO, in a statement. "Our broadened relationship with HP underscores Polycom's focus and commitment to bring the most advanced and innovative UC solutions to market."

"This transaction and alliance allows us to focus on executing our strategy in cloud computing and connectivity, while ensuring the long-term care of our customers and development of our services business." said Shane Robison, HP executive vice president and chief strategy and technology officer, in a statement.

The transaction is subject to regulatory approvals and is expected to close in the third quarter.

 


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