HP Inc. announced a definitive agreement to acquire Teradici Corporation, a global innovator in remote computing software that enables users to securely access high-performance computing from any PC, Chromebook, or tablet.
The acquisition will enhance HP’s capabilities in the Personal Systems category by delivering new compute models and services tailored for hybrid work.
HP Inc President Personal Systems Alex Cho said as hybrid work becomes the norm, 67% of the workforce is expected to work remotely at least three days a week.
“Teradici’s cutting-edge technology has long been at the forefront of secure, high-performance virtual computing. 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,” said Alex Cho.
Teradici CEO David Smith said the company has long admired HP as one of the world’s most innovative technology companies and it is thrilled to be joining the team.
“HP’s strong culture of innovation, customer-centricity, and corporate values aligns extremely well with our mission at Teradici and this deal will significantly expand our global reach and drive new sources of innovation,” said David Smith.
Through its award-winning ZCentral Remote Boost software, which is focused on providing remote access to physical workstations, HP is enabling remote and hybrid work for professionals such as engineers, animators, editors, and other users of high-performance computing.
Teradici brings a complementary set of capabilities that are focused on cloud PCs and virtual workstations. Combining the two remote access solutions will enable HP to offer a broader remote compute platform that spans on-premise and cloud solutions from any type of device, including macOS, public clouds, and iPad and Android tablets.
The transaction is expected to close in calendar Q4 2021, pending regulatory review and other customary closing conditions. Financial terms of the transaction were not disclosed.