HP has announced that it signed a classic deal to acquire Colubris Networks Inc., a Waltham, Mass.-based, privately-held global provider of intelligent wireless networks for enterprises and service providers. Colubris is a recognized leader in the rapidly growing Wireless LAN access market.

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

The collaboration will expand HP ProCurve''s reach into vertical markets such as hospitality, transportation, healthcare, manufacturing, service provider and education.

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 are not yet disclosed.

Vinod Negi/ITVoir Network