Bain Capital Partners to buy 3Com

Stuart Corner
Saturday, 29 September 2007 08:50

IT Industry - Deals

Masri comment at the time were remarkably similar to those made on this latest deal. He said that: "With 100 percent ownership of Huawei-3Com Co (H3C), 3Com significantly improves its long term growth profile and expands its global technology leadership position. With the transaction behind us, we can now focus our complete attention on integrating our sales and marketing efforts in Asia Pacific, capitalising on H3C's growth in China, and continuing to make progress in improving the financial performance of the combined company."

H3C is a China-based provider of network infrastructure products. 3Com won the right to acquire the remaining stake in H3C through a bidding process in November 2006 and received the final required approval from the People's Republic of China on March 22, 2007.

H3C gets most of its sales from China and some from Huawei. Its biggest success has been in enterprise switching.
 
3Com also owns TippingPoint, which claims to be the leader in intrusion prevention systems (IPS) and which provides the IPS-secured network, which delivers attack control, access control, and application control. TippingPoint IPS is claimed to be "the most decorated in its industry with unparalleled performance and security, as evidenced by nearly 35 awards. 3Com earlier this year indicated it was looking to spin off TippingPoint.