HP Completes Acquisition of Bluestone Software

HP'S acquistion of Bluestone Software Inc. was completed last week in a stock-for-stock merger. The deal was approved Jan. 17 by Bluestone's stockholders who will receive 0.4866 shares of HP common stock for each share of Bluestone common stock. The Bluestone acquisition expands the HP Internet software portfolio by adding J2EE-XML-based application servers and tools to the HP core software mix.

Bluestone software will become the point of integration for HP's current Internet software offerings, which include integrated service management software, security software, Internet service tracking and billing and e-services integration software, among others. HP Consulting will provide implementation and integration services in support of the Bluestone technologies.

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