Hewlett-Packard (HP) plans to acquire business transactions-monitoring software vendor Bristol Technology.HP announced Monday that it has signed a definitive agreement to acquire Bristol as a way to beef up its business technology optimization (BTO) product offerings. The vendor didn’t reveal the financial terms of the deal.Bristol’s TransactionVision software helps customers monitor complex business transactions ranging from insurance claim processes to product orders and inventory management. Users can manage processes running on J2EE or .Net application servers as well as processes running on mainframes.With Bristol under its belt, HP said it will be better positioned to provide users with end-to-end management of their real-time business transactions and extend its HP Business Availability Center business service and application management software to the mainframe. HP and Bristol are already partners. Bristol’s TransactionVision software is integrated with HP’s Business Availability Center and its Universal Configuration Management Database (CMDB) software, both of which were products HP acquired when it purchased Mercury Interactive last year.As part of an ongoing company-wide restructuring effort designed to make the vendor more competitive and efficient, HP has been revamping its software business, creating a number of focused units. In December, following the completion of its US$4.5 billion acquisition of Mercury, HP created a BTO unit to bring together Mercury’s application management software with HP’s OpenView systems and network management technologies. Founded in 1991, privately held Bristol has its headquarters in Danbury, Conn., and the majority of its customers are financial services and insurance companies in the United States and the United Kingdom, including JPMorgan Chase & Co. and Blue Cross Blue Shield of Florida.Bristol started off as a provider of cross-platform development tools with its Wind/U offering, which is still in use, for porting Windows applications to Unix and Linux. In 1998, the vendor began to change its focus to also encompass enterprise software.Subject to closing conditions, HP expects to complete the acquisition within the next 30 days. At that point, Bristol will become part of the HP Software unit inside the vendor’s technology solutions group.-China Martens, IDG News Service (Boston Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Palo Alto Networks x Accenture Making sense of zero trust - why a managed SASE solution is the ideal option for enterprises Security leaders are turning to SASE as their preferred network security solution amid a new era of cloud-powered businesses working from anywhere. By CIO Contributor Nov 28, 2023 4 mins Network Security feature 8 tips for unleashing the power of unstructured data For most organizations, data in the form of text, video, audio, and other formats is plentiful but remains untapped. Here’s how to unlock business value from this overlooked data trove. By Bob Violino Nov 28, 2023 10 mins Data Mining Data Science Data Management opinion What you don’t know about data management could kill your business Organizations without a solid data management strategy are on a collision course with catastrophe. Unfortunately, that’s most businesses, judging by the fundamental disconnect on the importance of strong data foundations. By Thornton May Nov 28, 2023 6 mins Data Architecture Data Governance Master Data Management brandpost Sponsored by Dell Technologies and Intel® Gen AI without the risks Demystifying generative AI: Practical tips for cost-effective deployment in your organization. By Andy Morris, Enterprise AI Strategy Lead at Intel Nov 27, 2023 6 mins Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe