Opsware sale

Horowitz sells Opsware (formerly Loudcloud) to Hewlett-Packard Co. for approximately $1.6 billion. The cash tender deal values the company at $14.25 per share, making it the third-largest acquistion in HP’s history. Opsware has 350 customers and 550 staff, which HP intends to take on as part of the deal. Tom Hogan, senior VP of software at HP, says:

The acquisition of Opsware is intended to enable HP Software to help our customers resolve one of their critical pain points: controlling the increasing complexity and cost of managing the data center.