Palo Alto, Calif.—Hewlett-Packard Co. said Tuesday it has signed a definitive agreement to acquire OuterBay, which markets archiving software for enterprise applications and databases.
HP expects to complete the deal in the next two weeks. Financial terms were not disclosed.
OuterBay will be integrated into the StorageWorks division of HP’s Technology Solutions Group.
HP said the deal, together with its recent purchases of AppIQ and Peregrine Systems, is part of its strategy to bolster its server, storage and software offerings.
With OuterBay’s technology, HP said it now can help organizations more effectively manage database growth and improve database performance by up to 80%. It will also enable HP to expand solutions for customers deploying Oracle, SQLServer and Sybase databases as well as major enterprise applications such as Oracle E-Business Suite, SAP and PeopleSoft.