eWeek has an interview up with David Murphy, head of HP Imaging and Printing Group's Web Services and Software unit.

In the interview Murphy sheds some light on HP's acquisition of Exstream and potential for future acquisitions:

Exstream is very powerful in enterprise printing. It had already invested in Dialogue Live, a more interactive way for business people to communicate. We want to accelerate that agenda because that is where the sweet spot is. Exstream will push us more into content management. I don’t want to be a Documentum or an IBM, but I want to be able to access their environments. I view Exstream as a very strategic acquisition. They have created over the last 10 years a very sound product base and a very influential set of customers in the financial services space. It would take me forever to replicate the market momentum that they have achieved.

I don’t want to do “consolidating acquisitions.” I do want to do growth acquisitions. I am a huge fan of Exstream, which is small relative to HP, but still established. It is an established market leader in an immature space that we can help accelerate. Very large software companies would be much harder to integrate than Exstream, and if I buy anything much larger, it tends to bring some less interesting assets with it. But I will also use HP Labs and my own creative capabilities to do innovation work. It will be a combination of acquisitions and organic growth. I would say that in three years, two-thirds of our growth will be organic growth.