Hewlett-Packard to Buy Opsware for $1.6 Billion
Computer and printer company Hewlett-Packard said Monday it will buy data center automation software company Opsware in a tender offer for about $1.6 billion, or $14.25 per share in cash.
Opsware will fold into HP's software business after the deal closes, HP said, helping to increase the size of its business technology optimization software portfolio.
The company said it anticipates naming Opsware Chief Executive Ben Horowitz as head of its business technology optimization group after the deal is finalized.
HP said it expects the purchase to be completed before the end of its fourth fiscal quarter.
The company also said it signed an agreement to buy software maker Neoware for about $214 million.
HP said it would tender for all outstanding shares of Neoware at $16.25 per share. The enterprise value of $214 million is net of existing cash, the companies said.
HP's deal for Neoware -- which makes "thin client" computing systems that enable computers to run Web applications across networks, removing the need for local storage drives --
was its second of the day.