Hewlett-Packard Co. Said today that it has reached an agreement to acquire Mercury Interactive Corp., an IT management software and services firm, in a deal worth approximately $4.5 billion. HP officials said in a announcing the deal that they expect the purchase to boost HP's portfolio of IT management software and services. 'Today, we are combining two market-leading businesses to create the most powerful management software portfolio in the industry,' said Mark Hurd, HP's CEO and president. 'Together, they will help customers cut their IT costs, speed the delivery of new services and drive profitable growth at HP. We expect this important acquisition to deliver significant value for our shareholders.'

1. Mercury Interactive Corp Merger

Find your 2017 salary info and our detailed report at Mercury Interactive CEO and President Tony Zingale said the union means the two companies will 'instantly become the industry's premier provider of business technology optimization software.' HP plans to pay $52 per share for Mercury Interactive, with the acquisition expected to increase the size of HP's software business to more than $2 billion a year in revenue. Once the deal closes, Mountain View, Calif.-based Mercury will become part of the HP software business, with both companies' sales forces cross-selling each others' products. In a conference call with news media late today, Hurd said he expects the acquisition to help HP become a more powerful force in the software industry. 'Software is core to the strategy of the entire company,' he said. 'When you have an opportunity to acquire a company like Mercury, you do it.'

MERCURY INTERACTIVE CORPORATION: Sponsored Links. There are 37 companies that go by the name of Mercury Interactive Corporation. These companies are located in Atlanta GA, Baltimore MD, Baton Rouge LA, Bingham Farms MI, Boston MA, Carson City NV, Concord NH, Des Moines IA, Eatontown NJ, Flowood MS, Greenville SC, Hartford CT, Indianapolis IN. MERCURY INTERACTIVE CORPORATION, Plaintiff and Appellant, v. Kenneth KLEIN et al., Defendants and Appellants; The Recorder, et al., Movants.

HP is paying a stock premium of about 33% to purchase Mercury shares - an amount Hurd called 'not unusual.' 'I think this premium accurately reflects the value of this property,' he said. 'We see a lot of opportunity for HP.' The deal has been under consideration for some time, he said. 'From a strategic standpoint, the fact that Mercury is a software business that was almost a perfect complement for our software business' made the deal a good one, according to Hurd. 'We think it makes sense,' he said.

'We are very focused on making this right and making this work. I am confident that this transaction demonstrates that HP is building a software company that is to be reckoned with.' Thomas Hogan, senior vice president of HP's software business, said the product lines from the two companies 'complement each other almost completely, with no product overlap.' The transaction brings together the strength of HP OpenView systems, network and IT service management software with Mercury's strength in application management, application delivery, IT governance and service-oriented architecture governance, according to HP.

Mercury Interactive Corp Merger

Jason Bloomberg, an analyst with ZapThink LLC in Baltimore, said that the deal now creates a battle of the titans between HP, CA and IBM to see who can put together the most compelete enterprise information management offering. He said the battle zone is shaping up to be over service-oriented governance. 'With the Mercury acquisition, HP now adds full lifecycle management to the mix, and what will likely turn out to be the gem of the deal: the Systinet registry, HP's answer to IBM's new Web services registry product,' Bloomberg said. HP said it expects the purchase to close by the end of the year. Computerworld 's Heather Havenstein and Ken Mingis contributed to this report.

Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated. Companies may offer their business executives a contract that is different from the one provided to their regular employees.

Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services. Sponsored Links EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT made as of the 11th day of February 2005 by and between Mercury Interactive Corporation, a Delaware corporation (the “Corporation”), and Amnon Landan (the “Executive”). WHEREAS, the Corporation desires to continue the Executive’s employment as Chief Executive Officer and Chairman of the Board, and the Executive desires to continue such employment with the Corporation, upon the terms and conditions set forth in this Agreement. WHEREAS, this Agreement will formalize the terms and conditions governing the Executive’s employment with the Corporation and the termination of that employment. NOW, THEREFORE, the parties hereto agree as follows: PART ONE – DEFINITIONS For purposes of this Agreement, the following definitions shall be in effect: Applicable Federal Rates mean the short-term, mid-term and long-term interest rates determined pursuant to Code Section 1274 which are in effect at the time each relevant present value calculation is to be made under this Agreement.

Average Annual Compensation means the average of the Executive’s W-2 wages from the Corporation for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Board means the Corporation’s Board of Directors.