PALO ALTO, Calif. (AFX) - Hewlett-Packard Co. said Monday it agreed to buy Bristol Technology Inc., a privately held maker of software used to monitor business transactions.
Financial terms were not disclosed.
The printer, computer and information technology services provider said it expects the acquisition to close within 30 days. The business will be integrated into H-P technology solutions group.
Danbury, Conn.-based Bristol mainly serves customers in the financial services and insurance industries in the U.S. and Britain.
HP's shares rose 77 cents to $42.84 in afternoon trading on the New York Stock Exchange.
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