HP has completed its acquisition of the videoconferencing giant Poly.
The PC and print vendor completed the deal – first announced in March and valued at $3.3 billion.
HP CEO Enrique Lores said: “It is a historic day for our business as we mark the union of two iconic companies that are innovating at the heart of hybrid work.”
The PC and print vendor expects the move to drum up more hybrid work business as employers look for more at-home videoconferencing solutions.
HP’s acquisition of Poly brings more video conferencing solutions, cameras, headsets, voice and software.
Lores added: “Poly brings incredibly strong talent, differentiated technology, and a complementary go-to-market system that we believe will further strengthen our position in large and growing markets.
“Together, we will have vast opportunities to innovate for customers and grow our business as we continue building a stronger HP.”
Poly CEO Dave Shull will join HP as president of workforce services and solutions.
Shull will lead the newly formed organisation focused on driving a more expansive growth agenda across HP’s commercial services business.
Andy Rhodes will run the combined HP-Poly business as general manager of hybrid work solutions and peripherals.
