There is some overlap between HP's and Peregrine's service management software offerings, according to DeLaughter. HP has a road map to merge Peregrine's ServiceCenter with its own ServiceDesk products. That road map, which will be put in place once the deal is approved, includes any related software in development at Peregrine during the next 12 to 18 months, he said.

Since HP has relied on "an assortment of partners" in the asset management market to date, there's no product overlap with Peregrine's AssetManager, DeLaughter said. AssetManager will form the basis for HP's asset management strategy going forward.

DeLaughter sees only a 20 percent to 25 percent overlap between the companies' customers on the service management side and none on the asset management side. "There's a tremendous opportunity to do cross-selling," he said.

HP is hoping that the majority of Peregrine staff comes over to HP, particularly those in product development and sales and marketing, DeLaughter said. "Peregrine has a lot of depth and talent at the management level," he added. "We'd like to bring on as many of them as we can."

As for the AppIQ deal, HP has had a tight reseller relationship with the company since February and has been reselling AppIQ's StorageAuthority as Storage Essentials SRM products since the spring as part of a joint product development, marketing and services delivery.