Monday, August 11, 2008

HP to Acquire Colubris Networks - Waltham, MA

Looking to expand its wireless technology offerings, Hewlett-Packard (HP) said on Monday that it will acquire Waltham-based Colubris Networks, a maker of intelligent wireless networking products for large clients and service providers. Financial terms of the deal, expected to close by the end of October, were not disclosed. HP said that it will integrate Colubris' product line into its ProCurve Networking product portfolio, expanding its reach into markets such as hospitality, transportation, healthcare and education. Colubris Networks received venture capital backing from BDC Venture Capital, DCM, GrandBanks Capital, Mid-Atlantic Venture Funds, Prism VentureWorks, and The TD Fund.


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