The acquisition of ArcSight is expected to expand HP’s software and security portfolio, and provide customers the ability to proactively monitor real-time events, assess risks and respond quickly to threats.
(WEB HOST INDUSTRY REVIEW) — Months after acquiring 3Com and its TippingPoint security solutions division, technology provider HP (www.hp.com) has signed a definitive agreement to buy security and compliance management company ArcSight (www.arcsight.com) for a total of $1.5 billion.
According to HP’s Monday announcement, the acquisition will help expand HP’s software and security portfolio, and provide customers the ability to proactively monitor real-time events, assess risks and respond quickly to threats.
“From a security perspective, the perimeter of today’s enterprise is porous, putting enormous pressure on clients’ risk and compliance systems,” HP software and solutions executive vice president Bill Veghte said in a statement. “The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.”
In April, HP completed the $2.7 billion acquisition of Ethernet switching firm 3Com, expanding the company’s Ethernet switching offerings, adding routing solutions, and significantly strengthening the company’s position in China. 3Com’s security division TippingPoint has also formed the basis for the HP TippingPoint Secure Virtualization Framework suite of products designed to help prevent network threats from impacting virtualized environments.
The combination of HP and ArcSight is expected to improve security, reduce risk and offer compliance solutions to customers at a lower cost. ArcSight’s superior technology is highly complementary to HP’s existing security portfolio of hardware, software and services.
“HP’s acquisition of ArcSight will enable the creation of a new type of security solution, one that serves the modern enterprise,” ArcSight president and chief executive officer Tom Reilly said in a statement. “By combining ArcSight’s Enterprise Threat and Risk Management Platform with HP’s breadth of application development and operations management solutions, HP will be able to offer an integrated security platform that delivers broader visibility, deeper context and faster remediation of enterprise-wide security and risk-related events. In a world where perimeter security is no longer enough, businesses need this holistic approach to securing their networks, applications and sensitive data.”
Today’s successful enterprises must provide their employees, partners and customers with more access to applications, services and information. This access and connectivity exposes enterprises to escalating threats, increasing complexity and regulatory challenges. Together, HP and ArcSight will be well-positioned to secure even the most demanding environments by delivering a system-wide view of all events across IT operations, security and compliance; the ability to detect threats and risks by correlating both activity and state changes in real time; and a constant feedback loop between build, manage and monitor to ensure that enterprises remain secure.
Under the terms of the acquisition, HP will pay $43.50 per share in cash for all of ArcSight’s outstanding shares of common stock. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year.
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