In a bid to improve the identity management functionality in its OpenView product range, HP has signed a definitive agreement to acquire Trustgenix, a provider of federated identity management technology.
Upon closing acquisition, HP said that Trustgenix will be integrated into the HP OpenView management software portfolio, and its software technology will be used to extend the federation capabilities of OpenView.
"Identity federation appeals strongly to companies in the telecommunications, financial services, manufacturing and government industries," said Todd DeLaughter, HP vice president and general manager, OpenView business unit.
"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, Cal., Trustgenix is HP's original equipment manufacturing partner for HP OpenView Select Federation, which uses federation protocols to link multiple accounts with different providers on the internet so that secure user authentication occurs only once.
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.
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.