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Peregrine Systems, Inc. was an enterprise software company that sold solutions in the enterprise asset management, change management, and ITIL-based IT service management markets. It was founded in 1981 and, by 2000, had achieved market dominating position in these areas. Following an accounting scandal and bankruptcy, Peregrine was acquired by Hewlett Packard in 2005. Founded in 1981 and headquartered in San Diego, California, Peregrine conducted business from offices in the Americas, Europe, and Asia Pacific. Among its first products was a problem management software program called PNMS for the IBM Series One computer. Paradyne acquired the product to implement a "side-stream" management solution to offer the market. The company then developed an MVS version of the software named PNMS II. From 1981 to 1985, Peregrine grew based on sales of its PNMS II product line. From 1997 until 2001, Peregrine grew its product line rapidly both organically and via acquisitions. From 1999 to 2001, the rate of acquisitions increased to almost one company a quarter purchased.. This rate of acquisition and the ever evolving company strategy caused confusion both inside the company and within the customer base, damaging the organization's ability to execute a clearly defined and consistent product roadmap. The publicly announced ROME product convergence roadmap was the most high profile victim.
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