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HP to Acquire OuterBay

Originally published February 9, 2006

HP has signed a definitive agreement to acquire OuterBay, a provider of archiving software for enterprise applications and databases.

Together with HP's recent purchases of AppIQ and Peregrine Systems, this recent acquisition is part of HP's overall strategy to bolster its server, storage and software offerings and enable customers to quickly adapt to changing business needs and exploding information growth.

With OuterBay's technology, HP can help organizations to more effectively manage database growth and improve database performance by up to 80 percent—a critical capability in today's business environment where database information is in constant use.

"OuterBay builds on HP's enterprise portfolio to help companies get more from their mission-critical database environments," said Bob Schultz, Senior Vice President and General Manager, StorageWorks division, HP. "Sixty percent of our HP Integrity server customers are running Oracle applications and databases today, making this a key capability for our existing customers."

OuterBay's technology adds to HP's growing portfolio of information lifecycle management (ILM) solutions. Customers will be able to more easily manage the retention of information in their databases in the same manner that they strategically manage the retention of their e-mail.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.