HP Signs Deal to Acquire Printelligent to Boost Managed Print Offerings

HP (NYSE: HPQ) announced today it is is planning on purchasing Printelligent, a provider of managed print services for small and medium-sized businesses.

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

The acquisition is expected to be completed by the end of July. After the deal is done, Printelligent will be integrated into HP’s imaging and solutions group, which generates about $26 billion in annual revenue.

Financial terms of the deal were not disclosed.

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