M&A Deal Summary

HP Acquires Optimization Systems Associates

On November 25, 1997, HP acquired technology hardware company Optimization Systems Associates

Acquisition Highlights
  • This is HP’s 9th transaction in the Technology Hardware sector.
  • This is HP’s 1st transaction in Canada.
  • This is HP’s 1st transaction in Ontario.

M&A Deal Summary
Date 1997-11-25
Target Optimization Systems Associates
Sector Technology Hardware
Buyer(s) HP
Deal Type Add-on Acquisition

Target

Optimization Systems Associates

Ontario, Canada
Optimization Systems Associates Inc. (OSA) of Ontario, Canada. OSA, which was founded by John Bandler, Ph.D., is a small, privately held company that develops computer-aided engineering software, specializing in optimization technologies used with device-, circuit- and electromagnetic-simulation software.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States
Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.7B USD (2023)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. HP focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 20 of 96
Sector (Technology Hardware) 9 of 22
Type (Add-on Acquisition) 19 of 87
State (Ontario) 1 of 1
Country (Canada) 1 of 3
Year (1997) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-06 Prolin

Menlo Park, California, United States

PROLIN provides the most comprehensive options available for HP Service Desk customers seeking solutions to the end of life of HPSD. PROLIN Smart Suite 10 offers HPSD customers a first in the history of ITSM - a true cost efficient, rapid transition from their HPSD environment to an advanced platform with virtually no risk. Engineered specifically for HPSD environments by the same team who created the original HPSD solution, PROLIN Smart Suite 10 builds upon your current investment in forms, views, logic, data etc. and allows customers to quickly and painlessly move to a platform that will support growth and expend upon your service management capabilities into the new IT Service Management paradigm of cloud computing, bring your own device environments and leveraging social networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-27 Heartstream

Seattle, Washington, United States

Heartstream, a maker of portable heart defibrillators designed to improve survival rates from sudden cardiac arrest.

Buy $140M
Mergr

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