HP To Acquire Bitfone

Hewlett-Packard Co. (NYSE: HPQ) has agreed to acquire Bitfone Corp., a Laguna Niguel, Calif.-based provider of mobile device management software. No financial terms were disclosed. No financial terms were disclosed for the deal, which is expected to close in February. Bitfone has raised over $86 million in VC funding since its 2000 inception, from firms like 3i Group, BlueRun Ventures, Flextronics International, KTB Ventures, Khosla Ventures, Motorola Ventures, Nexit Ventures, Noventi, Prism VentureWorks, Qualcomm Ventures and Vesbridge Partners. www.hp.com www.bitfone.com