Hewlett-Packard buys Peregrine Systems and AppIQ: Financial News - Yahoo! Finance

"Palo Alto-based HP (NYSE:HPQ - News) said it will pay $425 million in cash for San Diego-based Peregrine (Pink Sheets:PRGN - News), which makes software for managing information technology assets and services. It is paying $26.08 for each share of Peregrine, a nearly 37 percent premium over its closing price of $19.10 a share on Friday."

No terms were disclosed for HP's purchase of privately-held AppIQ. The Burlington, Mass.-based company makes enterprise server and storage management technology and has 135 employees.

AppIQ's investors include Menlo Park-based Matrix Partners, Waltham, Mass.-based North Bridge Venture Partners, Palo Alto-based Advanced Technology Ventures and Santa Clara-based Intel Capital.