by CIO Staff

HP-Peregrine Pact — What’s It All Mean?

Sep 19, 20051 min
Mergers and Acquisitions

This looks like the most elegant way out for Peregrine, which filed for bankruptcy in 2002 after an accounting scandal that led to indictments for multiple former executives.

This past July, the company also reportedly had trouble meeting some of its Sarbanes-Oxley commitments. And despite a major reorganization, it continued to lose money.

With this deal, HP gets to enhance its asset management suite, and Peregrine gets to put a nasty bit of history behind it.

–Chris Lindquist