HP and Poly Merge into One Team Following Acquisition

Ryan Smith

HP and Poly are now officially working together

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HP and Poly Merge into One Team Following Acquisition

HP and Poly employees have officially merged following HP’s $3.3 billion acquisition of the company, Enrique Lores, President and CEO at HP, confirms.

The takeover was completed at the end of August in what was described as “a historic day” by HP.

Poly’s CEO Dave Shull joins HP as President of Workforce Sevices and Solutions, bringing his extensive experience in technology and business development to the executive team.

Andy Rhodes will become the combined HP-Poly business as General Manager of Hybrid Work Solutions and Peripherals after he previously ran HP’s commercial Personal Systems business.

Lores said: “It’s an exciting day across HP, as we officially welcome our new colleagues from Poly.

“Since completing our acquisition in August, our teams have been spending a lot of time together to set our combined business up for success.

“Each passing day brings new reasons to be excited about our future. We have incredible opportunities to innovate at the heart of hybrid work and create amazing new solutions for our customers.

“Thank you to everyone across HP and Poly who worked so hard to get us here. We are stronger together and our future begins now. As one team, there is no limit to what we can achieve.”

HP believes its acquisition of Poly will benefit its revenue and operating profit in 2023 as it aims to create new opportunities in hybrid working solutions.

The company has targeted peripherals and workforce solutions as areas of growth following the acquisition, with the company referencing a report by Frost and Sullivan.

The report found peripherals are a $110 billion segment growing at 9% annually, and workplace solutions are a $120 billion segment growing at 8% annually.  

Poly brings several hybrid working solutions to strengthen HP’s position, including software, video conferencing, cameras, voice, headsets, and more.

HP says Poly’s devices will improve its workforce productivity solutions and enable customers to gain greater visibility, security, insights, and manageability.

HP announced it would acquire Poly in March this year. The deal was expected to complete by the end of 2022, subject to crossing various hurdles like receiving Poly’s shareholder approval, which it achieved in June.

Poly’s line of Studio X video bars has recently been announced as among the first Android-based video appliances for Google Meet.

It means that the Studio X product line will join Poly’s growing list of devices that are currently certified for Google Meet, Voice, and Chrome OS.

Poly has confirmed that the Studio X30, Studio X50, Studio X700, and the TC8 controller will offer a native Google Meet experience and deliver a “streamlined, purpose-built experience” for any meeting room.

The certification came weeks after the company received consecutive certifications from Microsoft Teams and Zoom for its business phones and meeting room devices. 

Zoom Phone certified the Poly Edge E Series desk phones, while Teams certified the Poly G7500 video conferencing system.

There was also a Teams certification for the Poly Studio X70 video bar expected in November. The Poly Studio X30 and X50 video bars have also been re-certified for Teams.  

 

 


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