HP Acquires Synstar for $293 Million
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NEW YORK/LONDON Oct 1  - U.S. computer giant  Hewlett-Packard Co. said on Friday it had acquired Synstar Plc,  a UK based technology services firm, for 163 million pounds  ($293 million).
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Hewlett-Packard's troubled Enterprise Storage and Servers group bounced back to profitability during its most recent financial quarter, and the company as a whole saw revenue rise 8 percent to $21.4 billion, the Palo Alto, California, company reported Tuesday.
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InfoWorld - Hewlett-Packard Co. is acquiring a storage software company that the company says will give it important leverage in the enterprise-class network-attached storage (NAS) market.
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HP, the world&#39;s number two PC maker, said on Friday it has launched a $483 (about Â£250) computer in China, turning up the heat in the intensely competitive market.
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(InfoWorld) - Hewlett-Packard plans to acquire business transactions monitoring software vendor Bristol Technology. HP announced Monday that it has signed a definitive agreement to acquire Bristol as a way to beef up its business technology optimization (BTO) product offerings. The vendor didn't reveal the financial terms of the deal. Bristol's TransactionVision software helps customers monitor complex business transactions ranging from insurance claim processes to product orders and inventory management. Users can manage processes running on J2EE or .Net application servers as well as processes running on mainframes. With Bristol under its belt, HP said it will be better positioned to provide users with end-to-end management of their real-time business transactions and extend its HP Business Availability Center business service and application management software to the mainframe. HP and Bristol are already partners. Bristol's TransactionVision software is integrated with HP's Business Availability Center and its Universal Configuration Management Database (CMDB) software, both of which were products HP acquired when it purchased Mercury Interactive last year. As part of an ongoing company-wide restructuring effort designed to make the vendor more competitive and efficient, HP has beenÂ revamping its software business, creating a number of focused units. In December, following the completion of its $4.5 billionÂ acquisition of Mercury, HP created a BTO unit to bring together Mercury's application management software with HP's OpenView systems and network management technologies. Founded in 1991, privately held Bristol has its headquarters in Danbury, Connecticut, and the majority of its customers are financial services and insurance companies in the U.S. and the U.K., including JPMorgan Chase & Co. and Blue Cross Blue Shield of Florida. Bristol started off as a provider of cross-platform development tools with its Wind/U offering, which is still in use, for porting Windows applications to Unix and Linux. In 1998, the vendor began to change its focus to also encompass enterprise software. Subject to closing conditions, HP expects to complete the acquisition within the next 30 days. At that point, Bristol will become part of the HP Software unit inside the vendor's Technology Solutions Group.
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PALO ALTO, Calif. -- Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion.
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Hewlett-Packard Co. has agreed to buy Web application security specialist SPI Dynamics Inc., just two weeks after IBM Corp. announced plans to buy SPI&#39;s rival Watchfire Corp.
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(InfoWorld) - It's been a busy Monday for Hewlett-Packard as the company announced not one, but two proposed purchases. Somewhat overshadowed by theÂ $1.6 billion HP is forking overÂ toÂ acquire datacenter automation specialist Opsware,Â is the $241 million the vendor is offering for Neoware. Publicly traded Neoware provides Linux- and Windows-based thin-client computing devices as well as thin-client and virtualization software. HP's keen to use Neoware to expand its existing thin-client business. "Our objective is to become the preferred brand of thin clients and software for virtualized client computing," said Kevin Frost, vice president of business desktops with HP's personal systems group, in a release. HP's offer values Neoware at $16.25 per share. Neoware's shares ended trading Friday at $15.24 and by midday Monday were trading up 3.7 percent at $15.81. Subject to shareholder approval, the acquisition is set to close in the fourth quarter of calendar 2007. On becoming part of HP, Neoware will be incorporated into the vendor's business desktop unit of its personal systems group. Neoware's partners include ClearCube Technology, IBM, Microsoft, and VMware. Publicly traded Neoware has its headquarters in King of Prussia, Pennsylvania as well as offices in Europe and Asia. Â
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Hewlett-PackardÂ (HP) has abandoned plans to integrate a number of advanced technologies it acquired in its 2002 purchase of Compaq into its flagship HP-UX operating system. The Palo Alto, California, computer maker has instead decided to partner with Veritas Software to bring new file system and clustering capabilities to its Unix software, the two companies announced Thursday.
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HP (NYSE:HPQ) (Nasdaq:HPQ) today announced the industry's first easy-to-use storage systems that drive down cost and complexity for small and medium businesses (SMBs) grappling with the exponential growth of data.
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Hewlett-Packard Co. is acquiring a storage software company that the company says will give it important leverage in the enterprise-class network-attached storage (NAS) market.
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SAN JOSE, Calif. _ Hewlett-Packard this week announced three initiatives to reduce workforce costs even as it reported strong growth in revenue and profit because of brisk holiday sales of consumer products such as laptops and photo printers.
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Hewlett-Packard announced on Monday that it will acquire two companies expected to improve the Silicon Valley giant&#39;s business technology offerings. Opsware, a data center automation software company founded by Netscape creator Marc Andreessen and acquired for roughly $1.6 billion, will boost HP&#39;s data center portfolio, while NeoWare, acquired for $334 million, will help HP with thin-client technology.
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In a move designed to help it better compete in Europe, Hewlett-Packard said it has acquired Synstar PLC, a U.K.-based technology services firm, for $293 million.
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It's been a busy Monday for Hewlett-Packard as the company announced not one, but two proposed purchases. Somewhat overshadowed by theÂ $1.6 billion HP is forking overÂ toÂ acquire datacenter automation specialist Opsware,Â is the $241 million the vendor is offering for Neoware.
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Hewlett-Packard, the world&#39;s No. 2 PC maker, said Friday it has launched a $483 (3,999 yuan) computer in China, turning up the heat in the intensely competitive market.
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Hewlett-Packard announced Friday that it is combining its Imaging and Printing Group and Personal Systems Group. HP (NYSE: HPQ) said the reorganization would "accelerate profitable growth, leverage the power of its portfolio and strengthen its market position."