News release

HP to Acquire Trustgenix to Bolster Identity Management in HP OpenView Software

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HP today announced that it has signed a definitive agreement to acquire Trustgenix, Inc., a leading provider of federated identity management solutions.

Upon the closing of the acquisition, HP plans to integrate Trustgenix and its software solutions into the HP OpenView management software portfolio. The acquisition will allow HP to rapidly extend the federation capabilities of HP OpenView, enabling enterprise customers to help their business partners secure access to information residing on different systems.

The deal builds on HP's recent acquisitions of companies like AppIQ and the recently announced agreement to acquire Peregrine Systems that round out the management capabilities of HP's enterprise portfolio.

"Identity federation appeals strongly to companies in the telecommunications, financial services, manufacturing and government industries," said Todd DeLaughter, vice president and general manager, OpenView Business Unit, HP. "Adding Trustgenix solutions to OpenView will bolster our efforts to help customers securely and quickly expand their enterprises to include business partners."

Headquartered in Santa Clara, Calif., Trustgenix is HP's original equipment manufacturing partner for HP OpenView Select Federation, which uses industry-standard federation protocols to link multiple accounts with different providers on the Internet so that secure user authentication occurs only once. When a user navigates to different sites belonging to the same federation, Select Federation recognizes the user and is able to provide a secure, personalized experience based on the user's preferences and identity.

"As the pioneer in the federation space, Trustgenix has built a superior technology platform and achieved significant growth in customers, revenues and employees in the past year," said Atul Tulshibagwale, chief executive officer, Trustgenix. "We are proud to be joining HP, where we can extend Trustgenix technologies to HP's enterprise customer base and allow our products and team to realize their full potential."

Financial terms of the transaction were not disclosed. The acquisition is subject to certain closing conditions and is expected to close within the next 30 days.

More information about the HP OpenView portfolio is available at http://www.hp.com/openview.

About Trustgenix

Trustgenix is a leading provider of software federation solutions that establish secure, privacy-protected exchange of user data among cooperating organizations. Trustgenix offers the only federated identity management software that supports all open federation protocols and integrates with any identity management system or homegrown single-sign on system. Trustgenix supports all of the popular federation standards, including SAML 1.1, SAML 1.0, Liberty ID-WSF 1.0, Liberty ID-FF 1.2 and ID-FF 1.1, Liberty Enabled Client Proxy (LECP), the Liberty Extended Profiles, and WS-Federation. More information about Trustgenix and its products is available at http://www.trustgenix.com.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2005, HP revenue totaled $86.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2005, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2004. HP assumes no obligation and does not intend to update these forward-looking statements.