We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,678 News Articles

HP signs deal to acquire Printelligent

Hewlett-Packard eyes increased service to small and mid-sized businesses after the deal goes through

Technology giant Hewlett-Packard will acquire Printelligent to bolster its position in managed printing services for business clients, the two companies said on Tuesday.

An agreement between the two will let HP acquire all of privately-held Printelligent's assets, including infrastructure, software and workforce, the parties said in a statement. HP will combine those assets with its existing sales channels and broader services, the statement said.

The deal will give HP more leverage in offering clients unified management of large numbers of copiers, printers and fax machines. Companies with hundreds of employees often outsource this job, known as managed printing services, to organize documents, reduce hardware dependency and increase work efficiency.

Printelligent has clients in 728 U.S. cities and manages about million printed documents per year, the 23-year-old company says on its website.

HP said in 2009 it would form a new group to step up managed print services and start a program to help business customers reduce printer hardware. The company already offered printing services at the time, but the dedicated business unit was expected to add to that focus.

The acquisition of Printelligent strengthens HP's services particularly for small and mid-sized business clients, Vyomesh Joshi, company executive vice president, said in the statement. Joshi anticipated "a level of technology and experience that is unprecedented in the industry."

Medium-sized companies offer the most potential as clients for managed print services, with projected compound annual growth rates of 14 percent to 23 percent over five years, market research firm IDC forecasts.

The two companies would not disclose financial terms of the acquisition, which is expected to become final in HP's fiscal third quarter this year, the statement said.


IDG UK Sites

LG G Watch review: Android Wear smartwatch is the best around, so far

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Why the BBC iPlayer outage was caused by a DDoS attack: Topsy and Tim isn't *that* popular

IDG UK Sites

See Glasgow 2014 in UHD as history is made