HP to buy Printelligent

HP signed a definitive agreement to acquire substantially all of the assets of Printelligent, a closely held provider of managed print services (MPS).

The infrastructure, software and trained workforce of Printelligent, combined with HP’s channel relationships, experience and broad base of services and solutions will strengthen HP’s leadership in MPS. This acquisition, combined with HP’s current assets, also will help HP’s channel partners extend their customer relationships while recognizing new revenue streams.

HP’s acquisition of Printelligent is part of the company’s effort to optimize the traditional technology environments that its customers depend on and deliver a connected world – from the customer to the enterprise.

“As a market leader in Managed Print Services, this acquisition puts us even further ahead by strengthening our ability to deliver services and solutions through our channel partners to SMB customers. We’re reinforcing our commitment to our channel partners by bringing them a level of technology and experience that is unprecedented in the industry.” said Vyomesh Joshi, Executive VP, Imaging and Printing Group, HP.

“Printelligent built an industry-leading managed print offering over the past 23 years. With HP’s strength, this offering will continue to grow, and channel partners will deliver an unparalleled solution to help customers better manage their print environments.” said, Rob Wellman, CEO, Printelligent.

Upon completion of the acquisition, Printelligent’s assets will be integrated into the LaserJet and Enterprise Solutions unit within the Imaging and Printing Group of HP. The acquisition is subject to customary closing conditions and is expected to close in the company’s fiscal third quarter.