The Printer and Peripheral Support market has witnessed another milestone with a recently signed deal between HP and 3 Com. 3 Com is one of the world’s most reputed network equipment manufacturers and the buy out will surely send a positive signal in the information technology world. Just believe it or not the deal is worth 2.7 billion dollars and that’s quite a bit of sum indeed.
According to the industry experts, the deal has been signed to foray inside the lucrative Chinese market and step up stiff competition against Cisco Systems. In the recent scenario, Cisco has provided Hewlett Packard a run for money by wiping up acquisitions one after the other. The objective of the firm is to woo customers by providing them with specific services like networking, computing and supply of various kinds of printers and other network equipments.
The brand identity of Hewlett Packard always adds a new dimension to the printer market and the switches from the firm surely competes with Cisco in every way. The background of 3 Com also indicates an enormous existence in the Chinese market and it wants to expand outside as well. If we delve into the previous track record of 3 Com, it has been a target of acquisition by a diverse number of companies like Bain Capital Partners and Huwae Technologies.
Hewlett Packard has recently earned considerable profits and a deal with 3 Com will surely make them one of the leading players in the Printer and Peripheral Support market.
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