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HP to Acquire VoodooPC

HP today announced it has signed a definitive agreement to acquire VoodooPC, a leader in the design and manufacture of high-performance and personalized gaming computer systems. Following the close of the transaction, HP will form a separate business unit within its Personal Systems Group focused on the gaming industry. VoodooPC co-owner Rahul Sood will become chief technologist for the unit and co-owner Ravi Sood will become the unit's director of strategy.

HP plans to maintain VoodooPC's current distribution model and brand name along with its marketing, sales, support and development operations. "Our passion at VoodooPC has been to design the highest performance, personalized PCs for our customers' entertainment," said Rahul Sood, founder and president, VoodooPC. "Customers should continue to expect the highest level of personalized configurations, service and quality. The benefits of this acquisition to VoodooPC are immense, not least of which is having a direct conduit to HP's unparalleled innovation and international presence." The acquisition is expected to close by November 2006. Terms of the deal, which is subject to customary closing conditions, were not disclosed.

The Street

Posted by | Thu, Sep 28, 2006 - 10:10 PM