Despite having a small portfolio of Internet companies relative to its systems and software startups, Matrix Partners has managed to exit one of them. Hewlett Packard said today it has purchased Tabblo, which offers a service that enables people to print graphics and images from the web.

No price was disclosed nor was the amount of Matrix's investment in Tabblo ever revealed. But, assuming that HP did its due diligence and picked what it considered to be the best technological fit among other web to print startup options such as Blurb, Moo and Qoop, Tabblo should have been able to demand a healthy valuation premium.

Tabblo was founded in 2005. Founder Antonio Rodriguez left his former company, MyPublisher, after it refused to build the technology service that later came to fruition in the form of Tabblo. Good move, guys.

For Matrix, one of only three firms to have achieved a triple digit IRR on two different funds, David Skok is turning into a superstar investor. Since joining the firm six years ago, he has shepherded JBoss to a $420 million sale to Red Hat, AppIQ to a sale to HP and now, the latest liquidity event involving Tabblo.

Tags: tabblo, hp, m&a, david+skok, matrix+partners,vc, venture capital