CIO Influence
CIO Influence News IT and DevOps

HP Inc. Completes Acquisition of HyperX

HP Inc. Completes Acquisition of HyperX

HP Inc. announced the completion of its acquisition of HyperX, the gaming division of Kingston Technology Company.

The acquisition supports HP’s strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments.

Recommended ITech News: Keysight Unveils the First Media Access Control Security Test Solution for High Speed Ethernet

“We are delighted to officially welcome the incredible people of HyperX to HP. HyperX has built a loyal following among gamers and we look forward to further strengthening the HyperX brand,” said Alex Cho, president, Personal Systems, HP Inc. “This acquisition further advances our ability to create the compute experiences of the future, expand into valuable adjacencies, and unlock new sources of growth.”

HyperX’s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.

As previously announced, the purchase price of the transaction was $425 million. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing.

Recommended ITech News: Micro Server + IKOULA Strengthens Its Range of Raspberry Pi 4 Micro Servers

Related posts

Netsmart Expands Predictive Analytics Solution Offerings with Acquisition of SimpleLTC

AppSealing Application Security Solution Recognized by 2022 Cybersecurity Excellence Awards

Supermicro Offers AI, Cloud Service Providers, Storage, and Edge Computing with New Intel Xeon Processors

Business Wire