HP today announced the completion of its acquisition of 3Com Corporation, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion.
HP will integrate 3Com’s network switching, routing and security solutions with its existing HP ProCurve Solutions, in order to expand HP’s portfolio of converged infrastructure solutions.
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 also boosts HP’s capabilities in Ethernnet switching, routing solutions and brings network security capabilities through 3Com’s TippingPoint portfolio.
One of the world’s largest technology companies, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to its individual and enterprise customers.