HP Expands Software Portfolio with Acquisition of Bristol Technology
Bristol Technology’ssolutions help customers monitor complex business transactionsoccurring within their organization, such as insurance claimprocesses, product orders and inventory management, acrossheterogeneous and distributed IT environments. The technologycomplements HP’s recent acquisition of Mercury, enablesend-to-end management of real-time business transactions, andextends HP Business Availability Center capabilities to themainframe.
Headquartered in Danbury,Conn., Bristol Technology is a private company that primarilyserves customers in the financial services and insurance industriesin the United States and the United Kingdom. Financial terms of thetransaction were not disclosed.
“For the first time,customers will have a single software vendor that enables them tomanage end-to-end business transactions, beginning with end-usersall the way through custom applications and mainframeenvironments,” said Deborah Traub, vice president of products,Management Software, Software, HP. “The acquisition of BristolTechnology extends our business service management solution and BTOofferings by helping customers better manage the performance,availability and impact of these business processes.”
Bristol’s solutions canhelp manage a wide range of composite applications andenvironments, including J2EE or .NET application servers,middleware, integration brokers, mainframes and multiple operatingsystems.
“The combination of HP andBristol Technology will allow us to provide our customers withaccess to the industry’s broadest portfolio of enterprise ITmanagement software,” said Ken Blackwell, chief technical officer,Bristol Technology. “Bristol Technology already had a strongpartnership with HP, and our TransactionVision product is alreadyintegrated with the HP Business Availability Center and UniversalCMDB software products, so joining with HP makes a lot of sense forour company, customers and partners.”
The acquisition is subjectto certain closing conditions and is expected to be completedwithin approximately 30 days. Following completion, the businesswill be fully integrated into the HP Software unit within HP’sTechnology Solutions Group.
Bristol Technology providesend-to-end process visibility of business transactions. ItsTransactionVision product monitors the performance and reliabilityof transactions, thus ensuring higher service levels, whilelowering risk. Bristol is headquartered in Danbury, Conn. Foradditional information, visit www.bristol.com.
This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including the expected benefits and costs of thetransaction; management plans relating to the transaction; theexpected timing of the completion of the transaction; anystatements of expectation or belief; and any statements ofassumptions underlying any of the foregoing. Risks, uncertaintiesand assumptions include the possibility that expected benefits maynot materialize as expected; risks related to the timing orultimate completion of the transaction; and other risks that aredescribed from time to time in HP’s Securities and ExchangeCommission reports, including but not limited to the risksdescribed in HP’s Annual Report on Form 10-K for the fiscal yearended Oct. 31, 2006 and other reports filed after that Form 10-K.HP assumes no obligation and does not intend to update theseforward-looking statements.
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