HP completes acquisition of Peregrine Systems Dated 19, December, 2005

PALO ALTO, Calif.


HP today announced the completion of its acquisition of Peregrine Systems, Inc., a leading IT asset and service management software company.

Effective immediately, Peregrine will become part of the HP OpenView business unit, which is led by Todd DeLaughter, vice president and general manager.

The acquisition, initially announced in September 2005, will add key asset and service management components to the HP OpenView portfolio, a distributed management software suite for business operations and IT. With these components, HP can offer chief information officers more insight into and control over their technology environments in an efficient and cost-effective manner.

The close of the deal builds on HP's recent acquisitions of companies like AppIQ and Trustgenix, which strengthened the OpenView portfolio in storage and security management.

More information about the HP OpenView portfolio is available at www.hp.com/go/managementsoftware


About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2005, HP revenue totaled $86.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.




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