HP Inc wants to respond to the trend towards more home working and is investing about three billion pounds in Poly, which makes headsets and webcams, among other things.
Poly is the current name of Plantronics, which renamed itself in 2018 after it acquired Polycom. You know the company mainly for its professional headsets and web cameras that are used in many large companies.
The takeover, therefore, seems to have been mainly prompted by the rise of more homework and hybrid office work in that area.
HP has auctioned $3.3 billion for the company and says it sees a large growth market in Poly’s portfolio, which is a nice extension of the printers and desktops that HP Inc already makes.
According to a survey by HP, 75% of office workers continue to invest in their home office “to support new ways of working,” and the company sees value in that. “Currently, more than 90 million meeting rooms, less than 10 percent of which support video.
Therefore, we expect the meeting room solutions segment to triple by 2024,” HP said in a press release.