HP today announced that it has signed a definitive agreement to purchase Opsware Inc. (Nasdaq: OPSW), a market-leading data center automation software company, through a cash tender offer for $14.25 per share, or an enterprise value (net of existing cash and debt) of approximately $1.6 billion on a fully diluted basis.
Very interesting news this morning hit my HP inbox and the newswire. Another big acquisition by HP to follow up with the Mercury acquisition (where I came from) that closed earlier this year. HP is getting very aggressive with their software business. It will be interesting to see how Opsware gets integrated in to the mix. At first glance, there seems to be some product overlap but I’m far from being an Opsware expert.
The funny thing is that a few of my old engineers that left for a startup that got acquired by Opsware earlier this year. Now, we are working for the same company again. All roads lead to HP.
More details to follow …