HP Buys Bluestone in Net Software Deal

Hewlett-Packard Co. on Tuesday to buy Bluestone Software Inc., a provider of Internet software platforms, tools, and technologies.

Through this acquisition, Palo Alto, Calif.-based HP gains Philadelphia-based Bluestone's J2EE and XML application servers and tools, as well as a Java transaction service, all of which will form the core of HP's middleware offering, according to a statement from the two companies.

The combined technology will enable customers to develop, integrate, deploy, and manage J2EE and XML applications and services across the enterprise and then to extend it to trading partners. Applications will be extended to customers conducting transactions via mobile appliances and devices.

Bluestone's software also will become the integrating platform for HP's current software offerings; and the combined platform's XML, e-services, and mobile technology will be the core of HP's next-generation software strategy, according to the statement.

Bluestone will become a wholly owned subsidiary of HP, and HP Consulting will develop a set of implementation and integration services in support of Bluestone's technologies.

Under the terms of the agreement, Bluestone shareowners will receive 0.2433 presplit shares of HP common stock for each share of Bluestone common stock.

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