HP has announced that it has signed a definitive agreement to acquire Exstream Software, LLC, a provider of enterprise software that streamlines the creation and delivery of personalised documents and other communications materials.

Upon completion of the acquisition, Exstream Software will be integrated into the Web Services and Software business unit within the Imaging and Printing Group (IPG) of HP.

"Businesses – whether a bank, healthcare provider or utility company – need to communicate relevant, personalised information to their customers through a broad range of channels," said David Murphy, senior vice president, Web Services and Software Business, IPG, HP. "We expect that the acquisition of Exstream will allow HP to address a broader set of customers and be a strong leader in the fast-growing document automation market."

"We are very happy to join with HP to accelerate our ability to help businesses around the world to efficiently develop and deploy personalised communications," said Richard Troksa, chief executive officer and president, Exstream Software. "The combination of Exstream’s solutions and HP’s print software expertise will provide customers with a more comprehensive approach to delivering reliable and targeted business communications."