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HP Acquires Hiflex, a Web-to-Print and Management Information Systems Software Company(December 06, 2011)
PALO ALTO, CA -- (Marketwire) -- 12/06/11 -- HP (NYSE: HPQ) today announced it has acquired Hiflex Software GmbH, a privately held global software solutions provider specializing in web-to-print and management information systems solutions for printing services. Financial terms of the transaction were not disclosed.
Founded in 1991, Hiflex is headquartered in Aachen, Germany. Following the acquisition, Hiflex will continue to evolve its offerings and service its current customers.
"HP wants to break the traditional barriers of how and where business customers print, making it easy for them to produce custom or personalized materials anywhere, anytime," said Vyomesh Joshi, executive vice president, Imaging and Printing Group, HP. "Hiflex's technology provides a powerful platform to deliver on this goal as part of our overall cloud printing strategy."
Technologies from Hiflex will enable continued innovation across HP's imaging and printing offerings and will extend the company's portfolio of cloud-based technologies and solutions. HP also remains committed to supporting a broad range of partner solutions, giving customers maximum choice and flexibility.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2011 and HP's other filings with the Securities and Exchange Commission, including but not limited to HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.
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