HP completes US$2.7bn acquisition of 3Com

12 Apr 2010

HP has revealed it has completed the acquisition of networking player 3Com for US$7.90 per share, or a cash value of US$2.7bn.

HP says it will integrate 3Com’s network switching, routing and security solutions with its existing HP ProCurve solutions, creating a comprehensive portfolio for customers.

Combined with HP’s global reach, the expanded portfolio solidifies HP’s Converged Infrastructure strategy, which is built on the integration of servers, storage, networking, management, facilities and services.

The company said that with this integration customers will be able to simplify their networks, deploy an edge-to-core network fabric for the enterprise and improve IT service delivery capabilities.

The acquisition of 3Com expands HP’s Ethernet switching offerings, adds routing solutions and significantly strengthens the company’s position in China.

“3Com also brings to HP network security capabilities through its TippingPoint portfolio. Together, HP is able to deliver one of the broadest network technology capabilities in the market to meet customer needs well into the future,” HP said in a statement.

By John Kennedy

Photo: HP’s acquisition of 3Com expands its Ethernet switching offerings

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years