PALO ALTO, Calif.--(BUSINESS WIRE)--HP (NYSE:HPQ) today announced it has signed a definitive agreement to acquire Arteis, a privately held company that operates Logoworks, a leading distributed web-based graphic design service provider.

HP plans to leverage Logoworks' technologies and services to provide small businesses with access to professional design solutions at a fraction of market cost. Supported by hundreds of graphic designers worldwide, Logoworks' affordable packages range from simple logo design to the development of a full suite of marketing collateral.