fate acquired by hewlett packard in 2005 founded 1981 headquarters san diego california usa products it management software website www8.hp.com us en software enterprise software.html peregrine systems inc. was an enterprise software company founded in 1981 that sold enterprise asset management change management and itil based it service management software . following an accounting scandal and bankruptcy in 2003 peregrine was acquired by hewlett packard in 2005 . 1 hp now markets the peregrine products as part of its it service management solutions within the hp software division portfolio . contents 1 history 2 fraud 2.1 sentences 3 bankruptcy 4 sale to hp 5 products 6 references 7 external links history edit peregrine systems was founded in 1981 in irvine california . the founders and employees were chris cole gary story ed beck kevin keyes and richard diederich . they started selling peregrine network management system pnms on a series one computer while developing an mvs version . the mvs client server solutions for pnms became available in 1995 . 2 in 1989 john moores founder of bmc software and owner of the san diego padres major league baseball team became a member of the peregrine board of directors . he served as chairman from march 1990 through july 2000 and then again in 2002 . 3 he resigned from the board in 2003 during the company s bankruptcy filing . 4 his involvement in the software industry continues today with investments through his venture capital firm jmi equity . the legacy of his investments has been focused on itsm software packages with the most recent investments made in servicenow . 5 peregrine had offices in the americas europe and asia pacific and grew its product line rapidly both organically and via acquisitions including harbinger corporation in 2000 6 7 and remedy corporation in 2001 . 8 9 fraud edit in 2004 a federal grand jury issued an indictment charging eight former executives of peregrine systems inc. one former outside auditor of peregrine and two outside business partners of peregrine with conspiracy to commit a multibillion dollar securities fraud . the case resulted from an investigation by the federal bureau of investigation and the securities and exchange commission had pursued a parallel civil enforcement action . 10 in 2003 the u.s. securities and exchange commission charged peregrine with massive financial fraud for the purposes of inflating the company s revenue and stock price . 11 peregrine without admitting or denying the allegations of the complaint agreed to a partial settlement . 11 peregrine filed suit against its auditor arthur andersen in 2002 for 1 billion in damages for allegedly allowing incorrect audits that overstated revenues by as much as 250 million to be filed for the 2000 2002 fiscal years . 12 in 2003 the former peregrine cfo matthew gless pleaded guilty to fraud charges . 13 14 in 2008 the former peregrine ceo stephen gardner was sentenced to eight years and one month in prison for his role in the fraud which resulted in bankruptcy for the company . 15 16 although former chairman of the board john moores sold more than 800 million of shares during peregrine s fraudulent period the court of appeals determined that there was insufficient evidence that moores knew about the fraud that led to the company s bankruptcy . 17 sentences edit stephen gardner former peregrine ceo 97 months in custody at the federal medical center devens . 15 16 gardner died of a heart attack in july 2013 while in custody at fpc cumberland . 18 douglas powanda former peregrine executive vice president for world wide sales 78 months in custody at the federal correctional institution bastrop 19 followed by two years of supervised release . 20 matthew gless former peregrine cfo 63 months in custody followed by two years of supervised release . 20 jeremy crook former peregrine general manager for europe 27 months in custody . 21 andrew v. cahill jr. former peregrine executive vice president for world wide sales after powanda 22 months in custody followed by two years of supervised release . 22 released from prison on october 22 2010 . 23 berd j rassam former peregrine controller 19 months in custody followed by two years of supervised release . 24 larry rodda former managing director of kpmg consulting six months in custody six months of home detention two years of supervised release and 100 mandatory special assessment . 25 richard nelson former peregrine corporate counsel one day in custody six months home detention and 200 hours of community service . 26 ilse cappel former peregrine assistant treasurer five years of probation . 24 john burnham benjamin former peregrine treasurer five years of probation . 24 steven spitzer former head of peregrine s alliance sales program three years probation a 5 000 fine and 200 hours of community service plus a 110 000 civil penalty and barred from serving as an officer or director of any public company . 27 gary lenz former peregrine president & coo three years of probation . 28 peter o brien former peregrine director of alliances one year of probation . 29 michael whitt owner of barnhill management group civil penalty of 60 000 . 30 charges dismissed joseph reichner former peregrine vice president of alliances 31 patrick towle former peregrine revenue accounting manager 32 dan stulac formerly led auditing team at arthur andersen 33 eric paul deller former peregrine general counsel 34 bankruptcy edit peregrine filed for chapter 11 protection on september 23 2002 after laying off 1400 employees or nearly half its workforce . 35 when peregrine filed for federal bankruptcy protection and eventually canceled its common stocks more than 4 billion in shareholder equity was lost . 36 after filing the company sold the remedy division of the company to bmc software for more than 300 million . 1 peregrine exited chapter 11 reorganization in august 2003 and the president and ceo gary greenfield left the company . retired software executive john mutch became president and ceo in august 2003 . 37 sale to hp edit hewlett packard acquired peregrine systems in 2005 for 425 million . 38 the peregrine products are now sold as part of the hp it management software bto portfolio within the hp software division . products edit assetmanager it enterprise asset management software acquired from apsylog . 39 it is now sold as hp assetmanager software . 40 servicecenter itil enabled it service management software developed internally flagship service management offering . 41 it is now sold as hp service manager software . 42 connect it data integration tool . it is now sold as hp connect it software . 43 enterprise discovery discovery and inventory tool 44 knowlix knowledge management application acquired from knowlix 45 infracenter for workgroups integrated asset and help desk management software . 45 infratools software tools for infrastructure management . 45 get services web based application that lets employees create and manage change requests . 46 get resources get.resources web based application providing that lets employees request it resources from a predefined catalog of items with automatic routing to the service desk . 47 get answers web based knowledge management application acquired from knowlix . 48 get it get.it employee self procurement software . 49 facilitycenter computer aided facilities management cafm product divested to tririga during financial collapse 50 acquired from innovative tech systems as span fm . 49 facilitycenter reserve room booking system divested to tririga during financial collapse acquired from critical path . 50 fleet anywhere company vehicle fleet management software divested during to maximus in 2002 . 51 acquired from prototype . 49 rail anywhere advanced and light rail management software for passenger and freight rail industries acquired from based on software developed by kko and applied to the fleet anywhere technology . 52 acquired from prototype . 49 harbinger.net supply chain enablement products sold to golden gate capital during financial collapse acquired from harbinger . 52 acquired from prototype . 49 extricity e commerce business process management software sold to golden gate capital in 2002 53 acquired from extricity 54 remedy ars action request system automated business process management and customer support software sold to bmc in 2002 . 55 acquired from remedy corp . 56 telecenter software for managing telecommunications assets acquired from telco research . 49 tru telecoms based product line sold to symphony services corp 57 acquired from telco research 58 xanadu it infrastructure management appliance . 59 tivoli servicedesk it service management software acquired from ibm . 60 references edit hp completes acquisition of peregrine systems boosting hp openview software portfolio . press release hewlitt packard december 19 2005 business wire peregrine systems announces client server network management for mvs ; expands computing capabilities of mvs platform . press release peregrine systems march 6 1995 . arlene weintraub . business week online just how much did john moores know october 14 2002 . ralph frammolino . los angeles times . three peregrine board members chairman resign . february 26 2003 . san diego business journal economy simplicity drive information technology service . access date 2010 10 08 . subscription required the alacra store . peregrine systems inc. acquires harbinger corp. access date 2010 02 19 . dead link jim martin . enterprise systems california united states peregrine completes acquisition of harbinger . june 21 2000 the alacra store . peregrine systems inc. acquires remedy corp. dead link chicago tribune peregrine systems to acquire remedy . tribune news services . june 12 2001 executives and auditor of peregrine systems inc. indicted on securities fraud charges . press release united states department of justice october 6 2004 . a b sec charges peregrine systems inc. with financial fraud and agrees to partial settlement . litigation release no. 18205 . press release united states securities and exchange commission june 30 2003 . newsmax.com wires peregrine systems files for protection sues arthur andersen . united press international . september 24 2002 . mike allen . san diego business journal former peregrine cfo gless pleads guilty to fraud . access date 2010 02 19 . dead link los angeles times former peregrine cfo pleads guilty to fraud . reuters . april 17 2003 . a b jonathan sidener . the san diego union tribune peregrine ex ceo sentenced to prison . access date 2010 02 19 . dead link a b jonathan sidener . union tribune san diego former peregrine ceo gets 8 years in prison . december 11 2008 . kenneth ofgang . metropolitan news enterprise los angeles court of appeal rejects shareholders suit over fraud at peregrine systems . page 3 . march 23 2009 . federal bureau of prisons inmate locator . bop register 94209 198 . access date may 3 2014 . federal bureau of prisons inmate locator . bop register 94210 198 . access date may 3 2014 . a b two former peregrine systems inc. executives sentenced to federal prison pdf . press release office of the united states attorney southern district of california december 17 2008 . bloomberg.com former peregrine systems vice president sentenced to 27 months . retrieved 2010 02 19 . office of the united states attorney southern district of california . four former executives from peregrine systems inc. sentenced news release http www.bop.gov iloc2 inmatefinderservlet transaction idsearch & needingmorelist false & idtype irn & idnumber 94213 198 & x 80 & y 5 a b c office of the united states attorney southern district of california . four former executives from peregrine systems inc. sentenced news release . sec . former kpmg consulting principal settles sec charges for role in peregrine accounting fraud . amanda bronstad . the national law journal . former gc of peregrine systems sentenced to one day in custody six months of home detention sec . former peregrine systems president settles sec charges for his role in corporate accounting fraud . bloomberg . ex peregrine systems president sentenced to probation . retrieved 2010