BT

HP buys Mercury Interactive

by Miko Matsumura on Jul 25, 2006 |

HP will pay $52 per share to Mercury shareholders, representing a 33 percent premium to the Tuesday closing price of Mercury shares on the pink sheets. The company was delisted from Nasdaq in January for failing to file its financial reports on time amid an investigation into its accounting practices regarding stock options. Mercury had recently been embroiled in an options scandal which consumed top management including Ammon Landon, former CEO of Mercury. This combined entity provides for a powerful Enterprise System Management offering with HP OpenView and industry leading testing tools such as Winrunner and Loadrunner.

This acquisition finally closes the chapter on the options scandal, which had been cleared up from the perspective of the accounting department several weeks ago. This acquisition was under a cloud of speculation as investors felt that the current management was still being scrutinized by regulators and such an acquisition would provide a clean slate to Mercury customers, suppliers and employees. HP has a "squeaky clean" management reputation, and this transaction should help ease any fears about any future issues.

Of note to SOA watchers, this acquisition includes the Systinet division, a market leader in SOA Governance products. The combination of HP Openview Enterprise System Management capabilities with Mercury and Systinet Governance capabilities provides a powerful suite for centralized IT to control and manage enterprise-wide software initiatives such as SOA. The acquisition of Systinet by Mercury was announced on January 6th of 2006.

Hello stranger!

You need to Register an InfoQ account or or login to post comments. But there's so much more behind being registered.

Get the most out of the InfoQ experience.

Tell us what you think

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread
Community comments

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread

Discuss

Educational Content

General Feedback
Bugs
Advertising
Editorial
InfoQ.com and all content copyright © 2006-2014 C4Media Inc. InfoQ.com hosted at Contegix, the best ISP we've ever worked with.
Privacy policy
BT