IT: HP to buy Mercury for end-to-end utility
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Manufacturing News, Source : The Manufacturer US
Published : 26 Jul 2006 16:07
Hewlett-Packard will pay $4.5 billion to buy Mercury Interactive, the IT management software and services company.
This, claims HP in a statement, will make the company "the clear choice for companies seeking to optimize the value that IT brings to business."
This is the first large acquisition since HP CEO Mark Hurd took the reins in March 2005, and perhaps a signal that HP will now more aggressively pursue services as part of its portfolio. Services have been small as a revenue-generator, and Hurd focused the company on cost cutting and core competencies.
The way HP's Senior Vice President of Software Thomas Hogan describes it, "HP's software strategy is to be the clear leader in end-to-end enterprise IT management and help our customers tightly align IT priorities with changing business requirements...combining our HP OpenView offerings with Mercury's BTO Enterprise offerings will integrate the many building blocks of enterprise IT management into one complete solution for the entire IT lifecycle."
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