HP Acquires Printelligent
Computer manufacturer Hewlett-Packard has just signed a deal to acquire Printelligent in order to boost its printing services for business clients. The deal will allow HP to offer clients unified management of large numbers of copiers, printers and fax machines. Companies with hundreds of employees often outsource this job, so, with this new acquisition, we may see enhanced profits within organizations themselves.
Printelligent had clients in 728 U.S. cities and manages about a million printed documents each year. HP stated in 2009 that it would form a new group to ramp up its managed print services and start a program to aid business consumers to reduce printer hardware.
Neither of the companies would disclose how much the deal was for but you can bet it was for a large sum knowing how wealthy HP is. Medium-sized companies typically offer the most potential as clients for managed print services and the annual growth rate fluctuates between 14% and 23% over each five year span. The deal is expected to close before Fall of this year and should give HP a stronger edge in its printing department. HP makes a large number of printers in addition to the massive amount of computers, laptops, and notebooks they put out each year.