Hp Bolsters Managed Print Services Offering With Acquisition Of Printelligent

HP HPQ today announced that it has signed a definitive agreement to acquire substantially all of the assets of Printelligent, a closely held provider of managed print services. Financial terms of the deal were not disclosed. 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. The greatest opportunity for MPS worldwide will be in midsize companies, with five-year projected compound annual growth rates of 14 to 23 percent (100 - 499 and 500 - 999 employee companies) according to Angele Boyd, vice president and general manager, Imaging/Printing Document Solutions and SMB Group, IDC.