HP signs deal to acquire Printelligent

From InfoWorld: Technology giant Hewlett-Packard will acquire Printelligent to bolster its position in managed printing services for business clients, the two companies said on Tuesday.

An agreement between the two will let HP acquire all of privately held Printelligent's assets, including infrastructure, software, and workforce, the parties said in a statement. HP will combine those assets with its existing sales channels and broader services, the statement said.

The deal will give HP more leverage in offering clients unified management of large numbers of copiers, printers and fax machines. Companies with hundreds of employees often outsource this job, known as managed printing services, to organize documents, reduce hardware dependency and increase work efficiency.

Printelligent has clients in 728 U.S. cities and manages about million printed documents per year, the 23-year-old company says on its website.

HP said in 2009 it would form a new group to step up managed print services and start a program to help business customers reduce printer hardware. The company already offered printing services at the time, but the dedicated business unit was expected to add to that focus.

The acquisition of Printelligent strengthens HP's services particularly for small and mid-sized business clients, Vyomesh Joshi, company executive vice president, said in the statement. Joshi anticipated "a level of technology and experience that is unprecedented in the industry."

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