Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
HP to acquire 3Com for US$2.7 Billion
Posted on 12-Nov-2009 10:27. | Tags Filed under: News.



HP and 3Com Corporation have entered into a definitive agreement under which HP will purchase 3Com, a provider of networking switching, routing and security solutions, at a price of US$7.90 per share in cash or an enterprise value of approximately US$2.7 billion.

This combination will support HP’s next-generation data center strategy built on the convergence of servers, storage, networking, management, facilities and services.

The companies say the resulting business outcome will help customers simplify the network, deploy a unique and innovative edge-to-core network fabric for the enterprise and improve IT service delivery capabilities, all delivered with best-in-class price-performance.

“Companies are looking for ways to break free from the business limitations imposed by a networking paradigm that has been dominated by a single vendor,” said Dave Donatelli, executive vice president and general manager, Enterprise Servers and Networking, HP. “By acquiring 3Com, we are accelerating the execution of our Converged Infrastructure strategy and bringing disruptive change to the networking industry. By combining HP ProCurve offerings with 3Com’s extensive set of solutions, we will enable customers to build a next-generation network infrastructure that supports customer needs from the edge of the network to the heart of the data center.”

“Our extensive product line and innovative technology together with HP’s breadth and scale will expand our global opportunity,” said Bob Mao, chief executive officer, 3Com. “3Com’s networking products are based on a modern architecture which has been designed to offer better performance, require less power and eliminate administrative complexity when compared against current network offerings. Our products are enterprise proven and widely deployed in the world’s largest banks, manufacturers, Internet service providers, public utilities and retailers.”

The acquisition of 3Com will dramatically expand HP’s Ethernet switching offerings, add routing solutions and significantly strengthen the company’s position in China – one of the world’s fastest-growing markets – via the H3C offerings. In addition, the combination will add a large and talented research and development team in China that will drive the acceleration of innovations to HP’s networking solutions.

3Com also brings to HP best-of-breed network security capabilities through its TippingPoint portfolio. For the past four years, TippingPoint has been the leader in Gartner’s “Magic Quadrant” in its evaluation of leading network security products. Approximately 30 percent of the Fortune 1000 companies have already deployed TippingPoint intrusion prevention systems.

“We are confident that we can run our entire global business of 300,000-plus employees, including our next-generation data centers, entirely on the new HP networking solutions,” said Randy Mott, executive vice president and chief information officer, HP. “Based on our experience and extensive testing of 3Com’s products, we are planning to undertake a global rollout within HP as soon as possible after the completion of the acquisition.”



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

$1160 for a car battery??!!
Created by jonathan18, last reply by RUKI on 19-Jan-2017 21:24 (42 replies)
Pages... 2 3


The President Of The USA: Donald Trump
Created by TimA, last reply by Sideface on 19-Jan-2017 11:19 (1743 replies)
Pages... 115 116 117


New Ford Mustang or Holden Commodore or alternatives
Created by MikeB4, last reply by WyleECoyoteNZ on 19-Jan-2017 17:06 (40 replies)
Pages... 2 3


Lost Mp3 collection, how to rebuild on the cheap (legally)?
Created by TeaLeaf, last reply by kickintheeye on 18-Jan-2017 23:05 (18 replies)
Pages... 2


Upsize my American houses to McMansion value deal.
Created by kingdragonfly, last reply by richms on 18-Jan-2017 15:48 (14 replies)

Mountain Bike Recommendation
Created by networkn, last reply by joker97 on 15-Jan-2017 22:14 (14 replies)

Stockholm ambulances to trial blocking drivers' music so sirens can be heard
Created by Geektastic, last reply by Oblivian on 19-Jan-2017 15:56 (26 replies)
Pages... 2


New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by noroad on 19-Jan-2017 11:14 (55 replies)
Pages... 2 3 4