HP (HPQ) Acquires Hiflex Software to Help with Overall Cloud Printing Strategy

December 6, 2011 12:00 PM EST
HP (NYSE: HPQ) today announced it has acquired Hiflex Software GmbH, a privately held global software solutions provider specializing in web-to-print and management information systems solutions for printing services. Financial terms of the transaction were not disclosed.

Management at HP is anticipating the technologies from Hiflex will enable continued innovation across HP's imaging and printing offerings and will extend the company's portfolio of cloud-based technologies and solutions.

"HP wants to break the traditional barriers of how and where business customers print, making it easy for them to produce custom or personalized materials anywhere, anytime," said Vyomesh Joshi, executive vice president, Imaging and Printing Group, HP. "Hiflex's technology provides a powerful platform to deliver on this goal as part of our overall cloud printing strategy."


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