Phoenix Ditches Virtualization Product Line, Sells Assets To HP For $12 Million
June 10, 2010 at 08:33 AM EDT
Phoenix Technologies today announced that Hewlett-Packard has agreed to purchase the assets related to its HyperSpace, HyperCore and Phoenix Flip instant-on and client virtualization products. The consideration for the transaction is $12 million in cash and the closing is expected to occur this month.