HP Pays $12 Million For Phoenix' Virtualization Technology Assets
With the sale of its virtualization technology product line, Phoenix is moving forward with its strategy of ditching offerings that do no longer fit its focus on the core systems software (BIOS) market.
In April 2010, Phoenix had already sold its FailSafe and Freeze assets. Divesting other non-core assets including Hyperspace and eSupport are among the company’s plans to further reduce expenses associated with non-core products.