HP announced that it has signed a definitive agreement to acquire Bristol Technology Inc., a leading provider of technologies that monitor business transactions, to further enhance HP Software’s leadership in Business Technology Optimization (BTO).

Bristol Technology’s solutions help customers monitor complex business transactions occurring within their organisation, such as insurance claim processes, product orders and inventory management, across heterogeneous and distributed IT environments.

Bristol Technology is a private company that primarily serves customers in the financial services and insurance industries in the United States and the United Kingdom.

“For the first time, customers will have a single software vendor that enables them to manage end-to-end business transactions, beginning with end-users all the way through custom applications and mainframe environments,” said Deborah Traub, vice president of products, Management Software, Software, HP.

“The acquisition of Bristol Technology extends our business service management solution and BTO offerings by helping customers better manage the performance, availability and impact of these business processes.”

The acquisition is expected to be completed within approximately 30 days. Following completion, the business will be fully integrated into the HP Software unit within HP’s Technology Solutions Group.