Hewlett-Packard's acquisition of Neoware to boost thin client business

By Lisa Kerner

Charlotte, N.C., Oct. 1 - Hewlett-Packard Co. completed its $214 million acquisition of Neoware Inc., it was announced on Monday. Neoware shareholders approved the deal, which gives them $16.25 cash per share, on Friday.

Neoware will be integrated into the business desktop unit of Hewlett-Packard's personal systems group.

"The integration of Neoware will enable us to offer the industry's broadest portfolio of remote client solutions that deliver the most secure, reliable and easily managed computing infrastructure available today," Kevin Frost, vice president, business desktops, personal systems group, Hewlett-Packard, said in a company news release.

"Our top priority is to ensure that Neoware and HP deliver uncompromised product and business continuity to our combined customers."

It was previously reported that the companies' July 23 merger agreement was designed to accelerate the growth of Hewlett-Packard's thin client business.

Neoware, located in King of Prussia, Pa., is a provider of thin client computing solutions. Hewlett-Packard is a Palo Alto, Calif., computer, printing and imaging technology company.

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