HP will acquire privately held company Exstream, which specializes in providing enterprises with personalized solutions for printing documents.
"We expect that the acquisition of Exstream will allow HP to address a broader set of customers and be a strong leader in the fast-growing document automation market," David Murphy, a senior VP in HP's Imaging and Printing Group, said in a statement.
Exstream products fall under a category known as "variable data publishing." The system of software, printers and network infrastructure enables companies to design and produce documents or publications customized for a particular audience.
Exstream will merge into the Imaging and Printing group at HP. The acquisition adds more power to HP's printing solutions for the enterprise.
HP Buys Exstream Software (WebProNews)
Hewlett-Packard acquires document-automation firm Exstream Software (ComputerWeekly)