HP snaps up German IT services firm
Hewlett-Packard buys Triaton from German steel producer ThyssenKrupp, in a bid to expand its utility computing business in new markets.
The IT firm, Triaton, is a unit of German steel producer ThyssenKrupp and has subsidiaries in the United States, France, Singapore, China and Brazil. It provides application, hosting and on-site services, taking in revenue of about 370 million euros ($463 million), HP said.
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The acquisition fits into HP's Adaptive Enterprise strategy for utility computing, through which it envisions customers becoming more responsive to operational changes by linking business processes more tightly with IT products. Earlier this month, HP said it would buy Consera Software and Novadigm, two software companies that specialize in systems management technology. The acquisitions are expected to add new components to HP's OpenView management software targeted at businesses.
HP said the addition of Triaton will help it carry the utility computing business to Germany and other markets, as well as boost its position in the services market, particularly in industry segments such as manufacturing, health care, pharmaceuticals and automotive. HP also singled out Triaton's SAP hosting services as a strength.
"This acquisition will allow us to accelerate our growth strategy in the German market and beyond. Together we will help customers realize measurable business value from their IT investments," Francesco Serafini, senior vice president of HP Services in Europe, Middle East and Africa, said in a statement.