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HP to buy software firm Trinagy

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CIOL Bureau
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PALO ALTO: Computer and printer maker Hewlett-Packard Co. said on Thursday

that it will buy closely held Trinagy Inc., a maker of network performance

management software aimed at large business customers.

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The financial terms were not disclosed. Hewlett-Packard, based in Palo Alto,

Calif., said that Torrance, California-based Trinagy's software would augment

the company's OpenView e-services management software products.

Hewlett-Packard said Trinagy's software, combined with OpenView, would let

customers better identify network performance problems, automatically analyze

and predict performance issues before they affect services and project and

allocate network capacity needed to add new services.

Hewlett-Packard is currently in a bidding war with financial services

software firm SunGard Data Systems Inc. to buy Comdisco Inc.'s technology

services business. On Wednesday SunGard bid $775 million for the unit, topping

Hewlett-Packard's bid of $610 million in cash.

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Hewlett-Packard is seeking to boost its computer-services and consulting

business, offering customers one-stop shopping for computers, certain types of

software and services.

Shares of Hewlett-Packard were priced at $24.60 in early afternoon trading,

down 15 cents. The year's share prices have ranged between a low of $23.45 and a

high of $63.22.

(C) Reuters Limited 2001.

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