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Article: Hewlett-Packard Co. buys slice of Four Pi. (computer manufacturer; Four Pi Systems Corp.)
- Article from:
- San Diego Business Journal
- Article date:
- December 9, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hewlett-Packard Co. has acquired a 10 percent interest in Rancho Bernardo-based Four Pi Systems Corp., according to the president of Four Pi.
The Hewlett-Packard investment is part of a $4.1 million equity financing that also includes existing venture capital investors Fairfield Ventures, Paragon Partners, Columbine Venture Fund, 3i Ventures, Union Ventures and Weiss, Peck & Greer, said Bruce Baker, president and chief executive officer of Four Pi.
The Hewlett-Packard decision validates Four Pi's product technology, Baker said.
"We are excited about working with Hewlett-Packard," Baker said. "We believe that H-P's investment reflects a shared vision ...