It’s official: HP today announced it has completed its acquisition of Palm Inc.
The combination gives HP significant headway into one of technology’s fastest-growth segments with Palm’s innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer.
HP’s global scale and financial strength plus Palm’s award-winning webOS experience, as well as its acclaimed Pre and Pixi smartphone product lines, enhance HP’s ability to participate more aggressively in the highly profitable, $100 billion smartphone and connected mobile device markets.
As reported earlier, Palm’s CEO Jon Rubinstein, will head up the Palm global business unit and report to Todd Bradley, executive vice president, Personal Systems Group. The division will continue to develop the webOS mobile operating system and webOS-baed hardware, including smartphones as well as future slate PCs and netbooks. Palm’s webOS is also expected to show up later in some of HP’s printers.