PALO ALTO, Calif. — (BUSINESS WIRE) — September 22, 2010 — HP (NYSE: HPQ) today announced it has completed its acquisition of Fortify Software.
The combination bridges static and dynamic security analysis across the application life cycle to help clients proactively reduce business risk against malicious attacks. With Fortify Software’s expertise and offerings, HP will offer a best-in-class solution that allows clients to properly address application security from development through operations, and scale to a Center of Excellence program.
The acquisition of Fortify enhances HP’s application life cycle strategy and enriches the HP Secure Advantage portfolio by adding a complete application security offering. With this addition, HP will deliver one of the most comprehensive security capabilities for securing mission-critical applications in heterogeneous environments.
Further details about the product integration will be announced at a later date.
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This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; risks related to the timing or ultimate completion of the transaction; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2010 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.
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