Hewlett Packard has completed the acquisition of 3Com for an enterprise value of approximately $2.7 billion.
For a price of $7.90 per share, HP will integrate 3Com's network switching, routing and security solutions with its existing HP ProCurve solutions. It claimed that the expanded portfolio solidifies HP's Converged Infrastructure strategy, which is built on the integration of servers, storage, networking, management, facilities and services.
The acquisition expands HP's Ethernet switching offerings and adds routing solutions to its portfolio, while 3Com brings network security capabilities through its TippingPoint portfolio.
The company claimed that further details on product integration will be announced at a later date.
Meanwhile AFP has confirmed that Google is to strengthen its visual search engine tool Google Goggles with the acquisition of Plink. The British start-up has been acquired for an undisclosed amount and will boost Goggles ability to allow people to carry out web searches on artwork simply by taking a photo of a painting using a mobile phone.
Plink's founders Mark Cummins and James Philbin said on their company's website that it was ‘very exciting news'.
They said: “We started Plink to bring the power of visual search to everyone, and we're delighted to be taking a big step towards that goal today. Google has already shown that it's serious about investing in this space with Google Goggles, and for the Plink team the opportunity to take our algorithms to Google-scale was just too exciting to pass up.
“For Plink as a company, it's been a short but exciting ride – only four months since our public launch. We shot past 50,000 users in just four short weeks, and we've continued to get great feedback and suggestions over the months since then. For all our users: nothing is changing. PlinkArt will continue to be available for download and work as it currently does today. However, we won't be updating the app and will instead focus our development efforts on Google Goggles, so you'll see new functionality appearing there in the future.”