HP to acquire Colubris Networks

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 vertical 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 vice president and general manager, 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.