MANILA, Philippines -- HP said it has entered into a deal to acquire Exstream Software LLC, a company that provides enterprise software to streamline the creation and delivery of documents and communication materials.

The financial aspect of the transaction was not disclosed.

Upon completion of the acquisition, Exstream Software will be combined with the web services and software business unit of HP's Imaging and Printing Group (IPG).

Exstream's technology is designed to help businesses design, manage and publish structured and unstructured content in a fully personalized manner via print and online mediums, HP said.

?Businesses -- whether a bank, healthcare provider or utility company -- need to communicate relevant, personalized information to their customers through a broad range of channels,? said David Murphy, senior vice president, web services and software business of HP IPG.

?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,? the executive added.

HP said the acquisition is expected to close in the second quarter of HP's fiscal year 2008.

Exstream is a portfolio company of American Capital Strategies, Ltd.