Hewlett Packard has continued its strategy of using acquisitions to augment the HP OpenView management software by announcing an agreement to buy two management software companies: Novadigm and Consera Software.

HP intends to combine technologies from the two companies with OpenView, blending technology from Consera that lets businesses map IT resources with automated system configuration management features from Novadigm.

The exact cost of the merger was not disclosed, but HP said it will pay US$6.10 for each outstanding share of Novadigm common stock, putting the purchase price for that company at around $122 million.

The two acquisitions follow a string of recent purchases, including Web-based user identity management software from Baltimore Technologies in September 2003 and information lifecycle management company Persist Technologies in November 2003.