Hewlett-Packard announced on February 5 that it has signed a definitive agreement to acquire Bristol Technology Inc., a leading provider of technologies that monitor business transactions, founded by brothers and Millsaps graduates Ken and Kevin Blackwell (’86).
The Blackwells each earned BS degrees in Computer Science from Millsaps and BE degrees in Electrical Engineering from Vanderbilt. Ken went on to earn a master’s degree in Computer Architecture from National Technological University in Ft. Collins, CO. Kevin later attended the Wharton School of The University of Pennsylvania for an MBA in Finance.
Headquartered in Danbury, Conn., 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. The company provides products and services that help customers monitor complex business transactions occurring within their organization, such as insurance claim processes, product orders and inventory management.
“The combination of HP and Bristol Technology will allow us to provide our customers with access to the industry’s broadest portfolio of enterprise IT management software,” said Ken Blackwell, chief technical officer at Bristol. “Bristol Technology already had a strong partnership with HP … so joining with HP makes a lot of sense for our company, customers and partners.”
Following completion of the acquisition, Bristol Technology will be fully integrated into the HP Software unit with HP’s Technology Solutions Group.
“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,” said Deborah Traub, a vice president at HP.
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