Information technology company HP announced a definitive agreement to acquire workplace collaboration provider Poly in an all-cash transaction that includes Poly’s debt for $40 per share, for an estimated value of $3.3 billion.
HP Aims to Expand Portfolio, Taps Hybrid Work Trends
With the acquisition, HP is aiming to shore up its hybrid work offerings by delivering devices, software, and digital services with the goal of “[providing] enterprise customers with better visibility, insights, security, and manageability across their hybrid IT environments,” HP said in the press release. “The rise of the hybrid office creates a once-in-a-generation opportunity to redefine the way work gets done,” said Enrique Lores, president and CEO of HP.
