Software // Enterprise Applications
News
9/19/2005
10:36 AM
50%
50%

HP To Acquire Peregrine, AppIQ

Peregrine provides IT asset- and service-management software that will be integrated into HP's OpenView, while AppIQ offers storage networking and storage-resource-management technologies.

Hewlett-Packard bolstered its management-software portfolio on Monday with announcements that it has signed agreements to acquire Peregrine Systems Inc. and AppIQ Inc.

HP will acquire Peregrine, a provider of IT asset- and service-management software, in a deal valued at $425 million. The software assets of Peregrine will be integrated into the HP OpenView business unit. In its most recently reported quarter, ended March 31, Peregrine reported a loss of $8.4 million on revenue of $47.7 million.

Peregrine's capabilities include asset tracking, expense controls, process automation, service control, service alignment, enterprise discovery, IT executive dashboard, as well as outsourcing, business continuity, and consolidation management. "Peregrine will help HP deliver a more complete management software solution to CIOs and enhance their ability to manage their IT assets," said Ann Livermore, executive VP of HP's Technology Solutions Group, in a statement.

The company intends to close the Peregrine acquisition no later than the first quarter of 2006.

HP also plans to acquire AppIQ, a provider of open storage area network management and storage-resource-management technologies, for an undisclosed sum. Livermore said by acquiring AppIQ HP will "give customers a single integrated console that controls and better exploits their storage and server infrastructure."

The acquisition of AppIQ is expected to close within 45 days

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.