HP closes Mercury buy

Deal finally done

Hewlett-Packard is finally the proud owner of Mercury Interactive, after closing the US$4.5 billion (NZ$6.7 billion) purchase of the ICT management software and services player last week.

HP had to extend its tender offer four times to Mercury shareholders before the offer was accepted.

Mercury is the largest software acquisition HP has made so far and is set to boost its annual software revenue to over US$2 billion. With Mercury under its belt, HP will become the sixth largest software vendor in the world, according to David Gee, vice president of marketing for software at HP.

While HP has traditionally focused on systems and network management with its OpenView software family, Mercury has concentrated on application management and also owns the Systinet registry and repository, important technology for facilitating SOA (service-oriented architecture) deployments.

HP expects to go public with its road map for Mercury technologies at its next major customer event, Software Universe, due to take place in Vienna, from December 12-15, Gee says.

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