HP Says Bristol Technology Buy Will Boost BTO
Privately-held Bristol, based in Danbury,Conn., specializes in process monitoring technology. The company's technology will be integrated into HP Software's Technology Solution Group, according to an HP statement released Monday morning.
Terms were not disclosed but the deal is expected to close within 30 days. Bristol, made waves in the last decade with an antitrust lawsuit against Microsoft. The suit was settled five years ago
HP said Bristol will "further enhance HP Software's leadership in Business Technology Optimization (BTO.)"
HP is clearly re-invigorating its software push. It launched a a Business Information Optimization unit within its software organization in mid January. Observers at that time said the move positions HP more squarely against IBM which fields its own giant information management group within its IBM Software organization. Interestingly, Bristol is an IBM partner. It is unclear whether that affiliation will continue.
Last summer HP showed it's intention to get big in software and testing with its $4.5 billion buyout of Mercury Interactive, the IT governance and testing tools company.
Mercury also became part of HP Software, pushing that group's revenue past $2 billion annually, according to HP.