Home Data Center HP to Acquire Neoware for $214 Million, Opsware for $1.6 Billion

HP to Acquire Neoware for $214 Million, Opsware for $1.6 Billion

0
0

HP announced that it has signed agreements to acquire Neoware Inc., a provider of thin client computing and virtualization solutions, and Opsware Inc., a data center automation software company.

HP will buy Neoware for $16.25 a share, or an enterprise value (net of existing cash) of approximately $214 million on a fully diluted basis. The company will acquire Opsware through a cash tender offer for $14.25 a share, or an enterprise value (net of existing cash and debt) of around $1.6 billion on a fully diluted basis.

The Neoware acquisition is part of HP’s strategy to expand in growth markets and further its leadership in personal computing. It will accelerate the growth of HP’s thin client business by boosting its Linux software, client virtualization and customization capabilities, expanding its regional sales footprint and broadening its hardware portfolio.

“Our objective is to become the preferred brand of thin clients and software for virtualized client computing,” said Kevin Frost, vice president, Business Desktops, Personal Systems Group, HP. “Thin clients are an important component in today’s overall computing strategy and play a critical role in HP’s virtualization strategy. Acquiring Neoware confirms our commitment to thin client computing and client virtualization solutions.”

 

 

To learn more please read the entire article at its source: HP to Acquire Neoware for $214 Million, Opsware for $1.6 Billion

Featured Resources:

Related Articles:

DABCC DABCC.com, the world leader in sharing the finest Virtualization & Cloud news and support resources. #Citrix, #VMware, #Microsoft, #Mobility and much more! Brought to you by @douglasabrown & team!
| LATEST RESOURCES

White Papers

    NEW VMware Whitepaper – Deliver Office 365 in VMware Horizon 7 with Published Applications

    By Frank Anderson, End-User-Computing Solutions Architect, Desktop Technical Marketing, VMware and Cindy Heyer Carroll, Technical Writer, End-User-Computing Technical Marketing, VMware We are excited to announce a new white paper, Best Practices for Delivering Microsoft Office 365 in VMware Horizon 7 with Published Applications, now available to help you avoid risks that can occur during setup […]

    Downloads

      FREE Tool – Troubleshoot Remote Desktop Connections

      Everyone wants to do things in a simple and effortless way. From a child that plays with a remote controlled car to a photographer who uses a drone for landscape photography, nowadays nearly everything can be automated or operated remotely. And system administration is no exception. Troubleshooting remote desktops is now as easy as using […]

      On-Demand Webinars

        How analyzing data patterns can improve IT service delivery – On-Demand Webinar

        Watch this webinar to know how to use Analytics Plus to- 1. Identify data patterns using visual analysis to spot trends easily. 2. Correlate data from multiple sources and get unified visibility into your IT. 3. Create live dashboards to make continuous improvements in ITSM processes. This video is from the fine folks at ManageEngine

        Latest Videos

          VMware TrustPoint and AirWatch Integration Demo Video

          Learn how out-of-the-box integration of VMware TrustPoint and AirWatch further enhances securing and managing mobile, desktop and server environments, and dynamically drives policy configuration changes across the organization for even stronger compliance and faster threat containment. This video is from the fine folks at VMware EUC.

          Views All IT News on DABCC.com
          Views All IT Videos on DABCC.com
          Win a Tesla P100D

          Visit our Sponsors!


          Close