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HP Acquires VoodooPC

HP has signed a definitive agreement to acquire VoodooPC. 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. Both executives will report to Phil McKinney, who will become general manager of the gaming business unit while maintaining his current role as chief technology officer of HP's Personal Systems Group. This operational model will align the gaming business with HP's research and development organization by providing access to the latest technologies and innovation.

HP plans to maintain VoodooPC's current distribution model and brand name along with its marketing, sales, support and development operations. The acquisition is expected to close by November 2006. Terms of the deal, which is subject to customary closing conditions, were not disclosed.



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