HP has reached a definitive agreement to acquire Teradici Corporation, a company that specialises in delivering remote computing technology.
The deal, terms of which were not disclosed, will see HP bolster its capabilities in the Personal Systems category by “delivering new compute models and services tailored for hybrid work”.
“Teradici’s cutting-edge technology has long been at the forefront of secure, high-performance virtual computing,” said Alex Cho, president, Personal Systems at HP Inc.
“Their world-class talent, industry-leading IP, and strong integrations with all major public cloud providers will expand our addressable market, and meet growing customer needs for more mobile, flexible, and secure computing solutions. We look forward to welcoming the Teradici team to HP.”
HP described Teradici’s set of virtual workstation and cloud PC capabilities as complementary. It plans to combine the two remote access solutions to enable it to offer a "broader remote compute platform that spans on-premise and cloud solutions from any type of device".
The transaction is expected to close in calendar Q4 2021, pending regulatory review and other customary closing conditions.