Peregrine Flies To HP

The $425 million acquisition, announced last week, will add Peregrine&s Service Center and Asset Center software to HP&s OpenView IT management framework. The deal also turns the final page on Peregrine, a once-mighty vendor that fell on hard times following a Securities and Exchange Commission investigation into accounting fraud and being delisted from the Nasdaq. After declaring bankruptcy in 2002, San Diego-based Peregrine sold its Remedy help-desk business to BMC Software, keeping its asset management software for itself.

With Peregrine, HP gains deeper levels of network information and analytics for OpenView&s reporting function, said Todd DeLaughter, vice president and general manager of the management software unit at Palo Alto, Calif.-based HP. DeLaughter said Peregrine&s Asset Center eliminates wasteful software license deployments. “The largest gap in our portfolio that we needed to fill was around asset management,” he said.

HP aims to close the deal by the first of the year and combine Peregrine&s technology with OpenView about 12 to 18 months later, DeLaughter said.

Peregrine has about 20 systems integrator partners in the U.S. and more than twice that overseas. Most domestic business ran through IBM, but that will change. HP&s channel can add Peregrine&s technology to their arsenal, while Peregrine partners will be able to cross-sell HP products into IBM networks, where OpenView should interoperate, DeLaughter said.

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Tom Reinsel, CEO of Pepperweed Consulting, Indianapolis, which specializes in implementing IT services management software, said he is “bullish” on the deal. “It gets us into the asset management business, which has been a gap for us. All of a sudden we see a new customer base to approach,” he said.