Bristol Technology is going to be HPs concern 2007-02-07
Bristol Technology is a private company that primarily serves customers in the financial services and insurance industries in the United States and the United Kingdom. The transaction were not disclosed still of their financial statements.Bristol's TransactionVision enables businesses to follow complex business transactions across different computer systems. For example, it lets an online retailer follow the electronic steps of a sale from order to credit card payment to inventory to delivery.
Bristol's client list includes IBM, Honda and JPMorganChase.
The sale of Bristol follows the current high-tech trend of large companies buying up smaller companies with growing products, said Matthew Nemerson, president of the Connecticut Technology Council.
HP plans to expand its software portfolio with the acquisition of Bristol Technology, a provider of end-to-end technology that offers process visibility of business transactions. HP has signed a definitive agreement to acquire Bristol for an unspecified financial terms. The acquisition is subject to certain closing conditions and is expected to be completed within 30 days. Following completion, the business will be fully integrated into the HP Software unit within HP's Technology Solutions Group.
According to HP, the acquisition of Danbury, Conn.-based Bristol complements its previous acquisition of Mercury, a company that enables end-to-end management of real-time business transactions, while also extending HP's Business Availability Center capabilities to the mainframe.
"This acquisition will expand HP's manage
