HP Expands Software Portfolio with Acquisition of Bristol Technology
PALO ALTO, Calif., Feb. 5, 2007 - HP today announced that it has signed a definitive agreement to acquire Bristol Technology Inc., a leading provider of technologies that monitor business transactions, to further enhance HP Software’s leadership in Business Technology Optimization (BTO).
Bristol Technology’s solutions help customers monitor complex business transactions occurring within their organization, such as insurance claim processes, product orders and inventory management, across heterogeneous and distributed IT environments. The technology complements HP’s recent acquisition of Mercury, enables end-to-end management of real-time business transactions, and extends HP Business Availability Center capabilities to the mainframe.
Headquartered in Danbury, Conn., Bristol Technology is a private company that primarily serves customers in the financial services and insurance industries in the United States and the United Kingdom. Financial terms of the transaction were not disclosed.
“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. “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.”
Bristol’s solutions can help manage a wide range of composite applications and environments, including J2EE or .NET application servers, middleware, integration brokers, mainframes and multiple operating systems.
“The combination of HP and Bristol Technology will allow us to provide our customers with access to the industry’s broadest portfolio of enterprise IT management software,” said Ken Blackwell, chief technical officer, Bristol Technology. “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.
About Bristol Technology
Bristol Technology provides end-to-end process visibility of business transactions. Its TransactionVision product monitors the performance and reliability of transactions, thus ensuring higher service levels, while lowering risk. Bristol is headquartered in Danbury, Conn. For additional information, visit www.bristol.com.
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $91.7 billion for the four fiscal quarters ended Oct. 31, 2006. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; risks related to the timing or ultimate completion of the transaction; and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2006 and other reports filed after that Form 10-K. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2007 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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