HP to buy Mercury Interactive for $4.5 billion

blog The tech giant will pay $52 a share for the management software company, with an OpenView boost in sight.

Hewlett-Packard announced Tuesday that it will acquire management software company Mercury Interactive for $4.5 billion in cash, which values the company at $52 a share.

The idea appears to be to blend HP's OpenView systems and network management software for data centers with Mercury's products for managing application development. HP CEO Mark Hurd will hold a conference call early Tuesday afternoon to discuss the deal.

The deal, when completed, will increase the size of HP's software business to $2 billion in revenue a year, the companies said.

Check out this story for more complete coverage of the deal, including comments from HP executives and industry analysts.
Tags:
Tech Culture
About the author

    Tom Krazit writes about the ever-expanding world of Google, as the most prominent company on the Internet defends its search juggernaut while expanding into nearly anything it thinks possible. He has previously written about Apple, the traditional PC industry, and chip companies. E-mail Tom.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Uber's tumultuous ups and downs in 2014 (pictures)
    The best and worst quotes of 2014 (pictures)
    A roomy range from LG (pictures)
    This plain GE range has all of the essentials (pictures)
    Sony's 'Interview' heard 'round the world (pictures)
    Google Lunar XPrize: Testing Astrobotic's rover on the rocks (pictures)