HP today announced it has completed its acquisition of Palm which gives it significant headway into one of technology’s fastest-growth segments.

HP says that its global scale and financial strength plus Palm’s award-winning webOS experience, as well as its acclaimed Pre and Pixi smartphone product lines, enhance its ability to participate more aggressively in the highly profitable, $100 billion smartphone and connected mobile device markets.

“With webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “This allows us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS.”