HP Buying Colubris

Hewlett-Packard has agreed to acquire Colubris Networks Inc., a Waltham, Mass.-based provider of wireless networks for enterprises and service providers. No financial terms were disclosed. Colubris has raised over $52 million in VC funding since 2001, from firms like PrismVentureWorks, Business Development Bank of Canada, GrandBanks Capital, DCM-Doll Capital Management, TDF and the Mid-Atlantic Venture Funds.

 

PRESS RELEASE

HP today announced that it has signed a definitive agreement to acquire Colubris Networks, Inc., a Waltham, Mass.-based, privately-held global provider of intelligent wireless networks for enterprises and service providers.

 

HP plans to integrate Colubris' extensive product line into its ProCurve Networking product portfolio. This will expand HP ProCurve's reach into vertical markets such as hospitality, transportation, healthcare, manufacturing, service provider and education.

 

The award-winning Colubris Networks Intelligent Mobility Solution delivers wireless integrated access, management and security products as well as 802.11n capability