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plans to acquire

Extreme Logic

, a privately held Web services provider, in a bid to boost its own services business.

The terms of the deal, announced Wednesday, weren't disclosed, but H-P will take on 200 Extreme Logic employees.

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Extreme Logic sells business services products based around



software to companies involved in a number of industries, including manufacturing, financial services, health care and transportation and logistics.

"We feel our clients will benefit from the acquisition as they will have access to an enhanced set of capabilities under Hewlett-Packard services," Extreme Logic's President and Chief Executive Wain Kellum said in a prepared statement.

Shares of H-P were recently up 24 cents, or 1.2%, to $21.19.