News

HP To Buy Opsware for $1.6 Billion

Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion.

HP is offering $14.25 per share in cash in a tender offer for Opsware, a 38.6 percent premium over Opsware's closing price of $10.28 on Friday.

Opsware shares climbed $3.77, or 36.7 percent, to $14.05 in premarket trading, while Hewlett-Packard lost 4 cents to $48.50.

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 completed.

HP said it expects the purchase to be completed before the end of its fourth fiscal quarter.

Featured

  • The 2020 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generations of .NET and PowerShell, here's what's on tap from Microsoft this year.

  • 2020 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss. (Now updated with COVID-19-related event changes.)

  • Microsoft Closing Most of Its Retail Stores

    Microsoft on Friday announced a major shift in its retail operations, with plans to close most of its physical Microsoft Store outlets in favor of online sales.

  • Matrix

    Microsoft, Harvard Describe Joint Privacy Initiative

    To facilitate data sharing while still preserving data privacy, Microsoft and Harvard have embarked on a set of open source tool called the "OpenDP Initiative."

RCP Update

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.