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05 Feb 2007
Hewlett-Packard (HP) announced today that it has signed a definitive agreement to acquire Bristol Technology to further push its software offerings.
US-based Bristol Technology's is Business Technology Optimisation (BTO) software helps end-users monitor complex business transactions occurring within their organisation, such as insurance claim processes, product orders and inventory management, across heterogeneous and distributed IT environments. The deal sits alongside HP's earlier purchase of Mercury.
“For the first time, customers will have a single software vendor that enables them to manage end-to-end business transactions, beginning with end-users all the way through custom applications and mainframe environments,” said Deborah Traub, vice president of products, management software, Software, HP in a statement “The acquisition of Bristol Technology extends our business service management solution and BTO offerings by helping customers better manage the performance, availability and impact of these business processes.”
Ken Blackwell, chief technical officer, Bristol Technology, said: “Bristol Technology already had a strong partnership with HP, and our TransactionVision product is already integrated with the HP Business Availability Center and Universal CMDB software products, so joining with HP makes a lot of sense for our company, customers and partners.”
The acquisition is subject to certain closing conditions and is expected to be completed within approximately 30 days. Following completion, the business will be fully integrated into the HP Software unit within HP’s Technology Solutions Group.
Further reading>>
HP acquires Mercury Interactive
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