In a move to strengthen their hold over the managed print market, Hewlett Packard (HP) has acquired Printelligent, a leading provider managed print services to small and medium businesses.
The acquisition will assimilate Printelligent’s existing workforce, software and infrastructures with HP’s hard-earned reputation in the print-technology.
According to industry experts, this acquisition will eventually benefit HP as they will be now equipped with Printelligent’s 23 years of experience in the MPS domain, as well as with their extensive channel relationships.
HP also revealed that one more key aspect the deal is bringing the company is the fact that their channel partners can now take their customer relationships one step further, and at the same time, can identify new revenue streams as well.
According to the executive vice-president of the company’s imaging and printing group, Vyomesh Joshi, this new acquisition will place HP far ahead in the ever growing market that small and large businesses bring along.
"We're reinforcing our commitment to our channel partners by bringing them a level of technology and experience that is unprecedented in the industry," Joshi said.
The acquisition process is likely to be over in the third Fiscal quarter. HP however, refrained from disclosing the financial aspect of the term.