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Hp Inc. Completes Acquisition Of Poly

Aug 29, 2022•over 3 years ago

Acquiring Company

HP

Acquired Company

Poly

Palo AltoConsultingInformation Technology

Description

HP Inc. (NYSE: HPQ) today announced the completion of its acquisition of Poly, a leading global provider of workplace collaboration solutions.

Company Information

Company

HP

Location

Palo Alto, California, United States

About

HP Inc. is a technology company that believes one thoughtful idea has the power to change the world. Its product and service portfolio of personal systems, printers, and 3D printing solutions helps bring these ideas to life. Visit http://www.hp.com. ----©Copyright 2022 HP Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein. Photos accompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/5cf2d9ca-9bbd-43d6-ab68-5fd647d3c384 https://www.globenewswire.com/NewsRoom/AttachmentNg/8b498cdf-e8c4-4953-85f1-41a708325cd4 https://www.globenewswire.com/NewsRoom/AttachmentNg/f240bd30-67e1-4574-8243-6233f31796e6

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed