HP Acquires Virtualization Technologies from Phoenix

By ServerWatch Staff (Send Email)
Posted Jun 11, 2010

Phoenix Technologies Ltd. recently announced that HP has agreed to purchase the assets related to Phoenix's HyperSpace, HyperCore and Phoenix Flip instant-on and client virtualization products. According to this PR Newswire release, the consideration for the transaction is $12 million in cash and the closing is expected to occur in June 2010.

Phoenix has agreed to sell three of its virtualization products to HP for $12 million in cash.

"In January 2010, Phoenix announced that it would restore its strategic focus on its CSS business where it remains the global industry leader. To better align its resources with this strategy, in April 2010, Phoenix sold its FailSafe and Freeze assets. Divesting other non-core assets including Hyperspace and eSupport are among the Company's plans to further reduce expenses associated with non-core products. Phoenix continues to enhance its CSS technology and has already launched its SecureCore Tiano 2.0 BIOS product designed to drive future growth and market share gains as the Company executes on its BIOS-focused strategy."

Read the Full Story at PR Newswire

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