cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News

HP Acquired Poly, Provider of Workplace Collaboration Solutions 

News Desk by News Desk
August 30, 2022

HP Inc announced the completion of its acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s strategy to create a more growth-oriented portfolio, strengthen its industry opportunity in hybrid work solutions, and position the combined organization for long-term sustainable growth and value creation. 

 “This 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,” said Enrique Lores, President, and CEO of HP. “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.”

 The merger of HP and Poly comes as companies and their employees focus on finding better ways to work and collaborate in the hybrid world. Approximately 75% of office workers are investing in improving their home setups. Traditional office spaces are also being reconfigured to support hybrid work and collaboration, focusing on meeting room solutions. In more than 90 million rooms, less than 10% have video capability2. As a result, the office meeting room solutions segment is expected to triple by 2024.

 The addition of Poly will help HP to drive innovation and scale in two of its key growth areas: peripherals and workforce solutions. Peripherals represent a $110 billion segment opportunity growing 9% annually, driven by the need for more immersive experiences2. Workforce solutions represent a $120 billion segment opportunity growing 8% annually as companies invest in digital services to set up, manage, and secure more distributed IT ecosystems 2.

 With the transaction completed, Poly CEO Dave Shull will join HP as President of Workforce Services & Solutions, starting November 1. Shull will lead the newly formed organization focused on driving a more expansive growth agenda across HP’s commercial services business. He brings extensive global experience spanning technology, digital media, operational transformation, and business development to the role. Shull will join the HP executive leadership team and report to Lores.

 Andy Rhodes will run the combined HP-Poly business as General Manager, Hybrid Work Solutions & Peripherals. Rhodes, who joined HP in 2018, has previously led the company’s commercial Personal Systems business and built the organization of the global peripheral. Before HP, he held several senior executive roles at Dell. Rhodes will continue to report to HP Personal Systems President Alex Cho.

ADVERTISEMENT

 HP completed the deal as an all-cash transaction of $40 per share, implying a total enterprise value of approximately $3.3 billion, including Poly’s net debt. The transaction was financed through a balance sheet cash and new debt.

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

FintechOS and Tech Mahindra
Finance

FintechOS and Tech Mahindra to Transform Financial Services with Next-Gen Digital Solutions

September 18, 2025
TCS and Qualcomm
Business

TCS and Qualcomm Launch Innovation Lab in Bengaluru to Develop Edge AI Solutions for Industry

September 18, 2025
MediaTek TSMC
Technology

MediaTek and TSMC Partner to Pave the Way for Next-Generation Chip Performance with N2P Process

September 17, 2025
ABB investment
Business

ABB Announces $110 Million Investment in U.S. Expansion

September 17, 2025
Check Point Lakera
Cyber Security

Check Point Software Acquires Lakera to Enhance AI Security Solutions

September 17, 2025
Phil Mottram HPE
People

Phil Mottram to Drive HPE’s Global Sales as New Chief Sales Officer

September 17, 2025
Google UK
Business

Google Invests £5 Billion in UK: New Data Center to Boost Jobs and Economy

September 16, 2025
NextEra and ServiceNow Forge Partnership to Drive Digital Transformation in Saudi Arabia and MENA
Business

NextEra and ServiceNow Forge Partnership to Drive Digital Transformation in Saudi Arabia and MENA

September 15, 2025
Load More
ADVERTISEMENT

Latest Updates

FintechOS and Tech Mahindra

FintechOS and Tech Mahindra to Transform Financial Services with Next-Gen Digital Solutions

by Deepa Sharma
34 minutes ago

TCS and Qualcomm

TCS and Qualcomm Launch Innovation Lab in Bengaluru to Develop Edge AI Solutions for Industry

by Deepa Sharma
57 minutes ago

Entrepreneurs Skills

Top Leadership Skills Entrepreneurs Need in the Age of AI

by Santosh Kumar
2 hours ago

MediaTek TSMC

MediaTek and TSMC Partner to Pave the Way for Next-Generation Chip Performance with N2P Process

by Deepa Sharma
21 hours ago

ABB investment

ABB Announces $110 Million Investment in U.S. Expansion

by Deepa Sharma
22 hours ago

Check Point Lakera

Check Point Software Acquires Lakera to Enhance AI Security Solutions

by Arshi Khan
1 day ago

Expert Views

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025
When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms
Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-

Entrepreneur

Top Leadership Skills Entrepreneurs Need in the Age of AI

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved