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HP To Acquire PolyServe

Hewlett-Packard (NYSE:HPQ) has agreed to acquire PolyServe Inc., a Beaverton, Ore.-based provider of storage software for application and file serving utilities. No financial terms were disclosed. PolyServe has raised around $72 million in VC funding since its 1998 inception, from firms like Greylock, Fidelity Ventures, New Enterprise Associates and The Roda Group. www.hp.com www.polyserve.com