Hewlett-Packard (HP) recently announced a $4.5 billion deal to acquire Mercury Interactive.
“I believe that merging with Mercury Interactive will help HP continue to grow its software business, especially since Mercury specializes in enterprise software products,” said Mark Hurd, CEO of HP, during the announcement of the merger between the two companies.
“This is a milestone event that marks a market shift,” said Tony Zingale, CEO of Mercury. “We have become one of the largest software companies in the world.”
HP’s Vice President Thomas Hogan stated that the deal is expected to be finalized by the end of this year, provided that all legal procedures go smoothly.
HP also has no plans to implement any changes at Mercury until early next year to avoid unnecessary disruptions in the fourth quarter of this year, Hogan confirmed. “We need time to assess what changes to make and will only announce those changes after January 1, 2007.”
With the acquisition of Mercury, HP’s employee count has doubled to 6,000, while also increasing HP’s annual software revenue to over $2 billion. “With today’s merger, HP and Mercury have become the leading provider of optimization software technology in the world,” Zingale asserted.
HP forecasts that the acquisition of Mercury will boost its revenue by approximately 10 to 15%.
Hoang Dung
