H-P Buys Security Software Firm

The company acquires Trustgenix of Santa Clara, Calif.
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Hewlett-Packard

(HPQ) - Get Report

agreed to buy Trustgenix, a Santa Clara, Calif., maker of software that's designed to let cooperating organizations exchange user data securely and privately.

After closing the deal, H-P plans to integrate Trustgenix and its software into the company's OpenView product line. Financial terms of the transaction weren't disclosed.

H-P, based in Palo Alto, Calif., expects to close the acquisition within the next 30 days. Shares of H-P were adding 7 cents to $30.03.