HP Acquires Israeli Network Solutions Startup ConteXtream
HP has announced that it is acquiring Israel’s ConteXtream, a startup that provides broadband networking technology, for an undisclosed amount. After the transaction closes, ConteXtream will become part of HP’s Communications Solutions Business. ConteXtream’s current CEO, Chairman, and co-founder Nachman Shelef will continue to lead the ConteXtream business within HP and will report to Saar Gillai, senior vice president and general manager of HP's Network Functions Virtualization (NVF) business unit.
Gillai said, “ConteXtream’s scalable and open and standards-based technology delivers innovative capabilities like advanced service function chaining, and is deployed at a number of major carrier networks across the globe. ConteXtream’s technology connects subscribers to services, enabling carriers to leverage their existing standard server hardware to virtualize functions and services."
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