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

Tech Mahindra and Aduna
Business

Tech Mahindra and Aduna Forge Strategic Partnership to Transform Telecom Networks through Standardized APIs

July 5, 2025
HCLTech and Equinor
Business

HCLTech and Equinor Strengthen Partnership to Propel Digital Transformation

July 3, 2025
Enterprise Software
Business

The Future of Enterprise Software: Embracing Multimodality

July 3, 2025
Juniper Networks
Business

Hewlett Packard Enterprise Acquires Juniper Networks to offer a comprehensive, cloud-native, AI-driven portfolio

July 3, 2025
Technology

Samsung Launches Skill Development Center at the Government Polytechnic in KGF

July 2, 2025
Premier League
Technology

Premier League Teams Up with Microsoft for Innovative Fan Experience

July 2, 2025
mimik and Tech Mahindra
AI

mimik and Tech Mahindra Launch Agentic AI Production Center to Revolutionize Autonomous AI Development

July 2, 2025
Hinshaw
People

Genpact Welcomes John M. Hinshaw to Board of Directors

July 2, 2025
Load More
ADVERTISEMENT

Latest Updates

Tech Mahindra and Aduna

Tech Mahindra and Aduna Forge Strategic Partnership to Transform Telecom Networks through Standardized APIs

by News Desk
11 hours ago

HCLTech and Equinor

HCLTech and Equinor Strengthen Partnership to Propel Digital Transformation

by News Desk
2 days ago

Enterprise Software

The Future of Enterprise Software: Embracing Multimodality

by Deepa Sharma
2 days ago

Juniper Networks

Hewlett Packard Enterprise Acquires Juniper Networks to offer a comprehensive, cloud-native, AI-driven portfolio

by News Desk
2 days ago

Samsung Launches Skill Development Center at the Government Polytechnic in KGF

by News Desk
3 days ago

Premier League

Premier League Teams Up with Microsoft for Innovative Fan Experience

by News Desk
3 days ago

Expert Views

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
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

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

ADVERTISEMENT

Leaders Interviews

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

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

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