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HP to buy Logoworks operator Arteis

Tue Apr 24, 2007 4:22pm EDT

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Mergers & Acquisitions

LOS ANGELES, April 24 (Reuters) - Hewlett-Packard Co. (HPQ.N) said on Tuesday it agreed to buy privately held Arteis, which operates Web-based graphic design service provider Logoworks. Terms were not disclosed.

HP said its acquisition of Logoworks' technology and services would give the computer and printer maker an opportunity to offer small businesses access to professional design solutions at a fraction of market cost.

The sale is slated to close in HP's fiscal third quarter ending July.

((Reporting by Lisa Baertlein, editing by Tim Dobbyn; Reuters Messaging: lisa.baertlein.reuters.com@reuters.net; mail to:lisa.baertlein.reuters.com@reuters.net; +1 213 955 6742)) Keywords: HP LOGOWORKS/

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Mergers & Acquisitions


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