RIYADH, Saudi Arabia, Aug 25, 2008 - HP today announced that it has signed a definitive agreement to acquire Colubris Networks, Inc., a Waltham, Mass.-based, privately-held global provider of intelligent wireless networks for enterprises and service providers.

HP plans to integrate Colubris' extensive product line into its ProCurve Networking product portfolio. This will expand HP ProCurve's reach into vertical markets such as hospitality, transportation, healthcare, manufacturing, service provider and education.

The Middle East is one of the fastest developing wireless markets in the world, growing at 25% in 2007, according to analysts at Wireless Intelligence, and with strong scope for more growth over the coming 12 months. Globally, growth is currently running at over 40 million new connections per month - the highest demand the wireless industry has ever see.  Emerging markets such as the Middle East will witness the greatest growth in wireless as the Arabian Gulf spends oil and gas windfall profits on developing knowledge economies.

The award-winning Colubris Networks Intelligent Mobility Solution delivers wireless integrated access, management and security products as well as 802.11n capability - all of which help enterprises and service providers broaden the reach and impact of voice, data and multimedia applications.

"The acquisition of Colubris Networks will strengthen ProCurve's hardware, management platform and services, significantly improving the overall performance capabilities of both wired and wireless networks, and will deliver even more best-in-class choices for our customers worldwide," said Marius Haas, senior vice president and general manager, HP ProCurve. "With our vision and continued support from HP leadership, I am convinced that ProCurve's impressive growth and market leadership is unlimited."

The acquisition is subject to certain closing conditions and is expected to close by the end of HP's fiscal year 2008. Financial terms of the transaction were not disclosed. 

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About Colubris Networks
Colubris Networks, Inc., founded in 2000, provides organizations with advanced wireless networking solutions that unify and integrate with existing network infrastructures, as well as security and management systems.

About HP ProCurve 
HP ProCurve is the Network of Choice for best-in-class solutions, products and services for wired and wireless networks. ProCurve's Adaptive Networks vision enables customers to implement an open, standards-based network infrastructure that adapts to the changing needs of users, applications and organizations.

ProCurve was positioned in the Leaders quadrant in research and advisory firm Gartner, Inc.'s 2008 Magic Quadrant Report for Global Campus LANs and is No. 2 worldwide in Ethernet switch market revenue and ports according to Dell'Oro Group.

For more information on HP ProCurve, visit www.procurve.com.

About HP
HP focuses on simplifying technology experiences for all of its customers - from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.

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© Press Release 2008