PALO ALTO, Calif., Nov. 30, 2005 - HP today announced that it has signed a definitive agreement to acquire Trustgenix, Inc., a leading provider of federated identity management solutions.
Upon the closing of the acquisition, HP plans to integrate Trustgenix and its software solutions into the HP OpenView management software portfolio. The acquisition will allow HP to rapidly extend the federation capabilities of HP OpenView, enabling enterprise customers to help their business partners secure access to information residing on different systems.
The deal builds on HP's recent acquisitions of companies like AppIQ and the recently announced agreement to acquire Peregrine Systems that round out the management capabilities of HP's enterprise portfolio.
"Identity federation appeals strongly to companies in the telecommunications, financial services, manufacturing and government industries," said Todd DeLaughter, vice president and general manager, OpenView Business Unit, HP. "Adding Trustgenix solutions to OpenView will bolster our efforts to help customers securely and quickly expand their enterprises to include business partners."
Headquartered in Santa Clara, Calif., Trustgenix is HP's original equipment manufacturing partner for HP OpenView Select Federation, which uses industry-standard federation protocols to link multiple accounts with different providers on the Internet so that secure user authentication occurs only once. When a user navigates to different sites belonging to the same federation, Select Federation recognizes the user and is able to provide a secure, personalized experience based on the user's preferences and identity.
"As the pioneer in the federation space, Trustgenix has built a superior technology platform and achieved significant growth in customers, revenues and employees in the past year," said Atul Tulshibagwale, chief executive officer, Trustgenix. "We are proud to be joining HP, where we can extend Trustgenix technologies to HP's enterprise customer base and allow our products and team to realize their full potential."
Financial terms of the transaction were not disclosed. The acquisition is subject to certain closing conditions and is expected to close within the next 30 days.
More information about the HP OpenView portfolio is available at www.hp.com/openview.
About Trustgenix
Trustgenix is a leading provider of software federation solutions that establish secure, privacy-protected exchange of user data among cooperating organizations. Trustgenix offers the only federated identity management software that supports all open federation protocols and integrates with any identity management system or homegrown single-sign on system. Trustgenix supports all of the popular federation standards, including SAML 1.1, SAML 1.0, Liberty ID-WSF 1.0, Liberty ID-FF 1.2 and ID-FF 1.1, Liberty Enabled Client Proxy (LECP), the Liberty Extended Profiles, and WS-Federation. More information about Trustgenix and its products is available at www.trustgenix.com.
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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