AT&T Tech Support 360
July 25, 2006 5:04 PM PDT
HP to buy Mercury Interactive for $4.5 billion
Hewlett-Packard announced Tuesday that it will acquire management software company Mercury Interactive for $4.5 billion in cash, which values the company at $52 a share.
The idea appears to be to blend HP's OpenView systems and network management software for data centers with Mercury's products for managing application development. HP CEO Mark Hurd will hold a conference call early Tuesday afternoon to discuss the deal.
The deal, when completed, will increase the size of HP's software business to $2 billion in revenue a year, the companies said.
Check out this story for more complete coverage of the deal, including comments from HP executives and industry analysts.- Topics:
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Enterprise software
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