Hewlett-Packard is moving to expand its ProCurve networking business by buying 3Com for $2.7 billion, putting it in a better position to compete with Cisco Systems. The deal, which is expected to close in the first half of 2010, will give HP a greater networking presence in the enterprise, stronger network security capabilities and a larger presence in China. It also will help HP augment its converged data center solutions.
– Hewlett-Packard is adding to its already strong networking capabilities by
buying 3Com for $2.7 billion.
HP officials announced the deal Nov. 11, saying the acquisition will give HP
an edge-to-data center networking story and feed into its push for converged
data center solutions through HP’s Co…