HP announced its agreement to acquire Teradici, a provider of remote computing software that enables users to 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.
Core remote desktop software is projected to grow at a 17 percent compound annual growth rate through 20281. 67 percent of the workforce is expected to work remotely at least three days a week.
Lenovo is the second largest PC maker in the world, according to IDC report for the second quarter of 2021.
Alex Cho, president, Personal Systems, HP, said: “Teradici’s 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.”
Teradici’s ZCentral Remote Boost software is focused on providing remote access to workstations. HP is enabling remote and hybrid work for professionals such as engineers, animators, editors, and other users of high-performance computing.
The transaction is expected to close in calendar Q4 2021. Financial terms of the transaction were not disclosed.
