Phoenix Technologies said that HP will purchase all assets related to its HyperSpace, HyperCore and Phoenix Flip instant-on and client virtualisation products.
The firm said it flogged the lot for $12 million in cash and expects the deal to close by the end of the month.
The deal comes just weeks after HP snaffled up Palm and looks like a further move by the company to strengthen its mobile software portfolio.
Phoenix said the deal was a further step on its path to focus on the core systems software (BIOS) market, in which the it feels it has a long-established leadership position. It already sold off its FailSafe and Freeze assets in April of this year.
"We are very pleased that HP has agreed to acquire these assets relating to Phoenix's HyperSpace, given HP's rich history of innovation and product differentiation," said Tom Lacey, President and CEO of Phoenix.
Phoenix said it continues to enhance its CSS technology and has already launched its SecureCore Tiano 2.0 BIOS product designed to drive future growth and market share gains as it executes on its BIOS-focused strategy.
It may not have long.