HP And Polycom Form Telepresence Joint Venture

Hewlett-Packard and Polycom have started a joint venture in which Polycom will take over HP’s visual collaboration business, and both companies will work together to offer telepresence and video unified communication solutions.

According to an announcement made by the two companies, Polycom now has an exclusive partnership with HP to provide telepresence and video communication solutions, including both retail and internal deployments.

HP also gave its final nod to the proposed availability of Polycom’s video-application offerings on HP's WebOS platform.

"The transaction makes the most of the strength of two industry leading, customer-centric organizations to offer a seamless UC experience with high-quality, enterprise-class telepresence solutions to millions of customers,” Andrew Miller, CEO and President of Polycom said in a statement, Network World reports.

“Our broadened relationship with HP underscores Polycom's focus and commitment to bring the most advanced and innovative UC solutions to market,” he added.

Shane Robinson, HP executive vice president as well as chief strategy and technology officer, said that it would help his company to focus more on the emerging cloud computing market.