HP to buy Mercury Interactive for $4.5 billion

Hewlett-Packard Co. agreed to buy Mercury Interactive Corp. for about $4.5 billion in stock, or $52 per share, in a bid to expand the computer maker's business software operations. The purchase of the former star Israeli technology company puts HP in closer competition with other major systems management software providers, including IBM's Tivoli, CA Inc.'s UniCenter and BMC Software.

The move by HP is part of its strategy to develop what it has called "the data center of the future" and Mercury will aid in that effort, analysts said. It's also the biggest acquisition by HP since its controversial $19 billion purchase of Compaq in May 2002.

(2006-07-29 00:35:24 SGT) [Biz] Permalink

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