HP Acquires Printer Division from Samsung
- Date: Sep 19, 2016
- Categories: Blog
HP Acquires Printer Division from Samsung19 Sep, 2016
Hewlett-Packard Acquires Printer Division from Samsung
Last quarter, HP’s toner revenue fell 18% from the prior year and printer hardware fell 10% from the prior year. Overall, industry experts reported printed pages barely dropped at all (less than 1%) from last year. According to industry analysts, HP toner revenue declined as HP attempted to reduce its toner inventory. HP device revenue fell as they dropped some lower end models from their portfolio.
As a further commitment to the print industry, HP has agreed to acquire the printer division from Samsung for $1.05 Billion. This means that HP will now provide printers with Canon and Samsung engines.
Plus Technologies is a long time software technology partner of HP. We do not resell HP equipment. However, we do certify our OM Plus Delivery Manager (DM) print spooling software on HP platforms. In addition, we certify our OM Plus My-Print-Delivery (MPD) which is a pull-print technology on the HP platforms. As HP brings on the Samsung devices Plus Technologies will continue to ensure our software will be certified on the new devices.
For more information, please contact Plus Technologies