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Mergers and Acquistions News

Categories: Hardware

September 13th 2010, 16:56PM

Hewlett Packard (HP), the leading computer and printer products provider, announced today it will acquire ArcSight, a security software company, for $43.50 (£28.20) per share, or $1.5 billion (£973 million).

The acquisition will enable HP to develop its software and security portfolio, a key sign the firm is increasingly looking to diversify from products like printer ink.

HP says its customers will benefit from increased security and reduced risk, and will offer compliance at a cheaper cost. The move also signals the strong emphasis enterprises are now placing on placing high priority on risk from cyber threats.
"From a security perspective, the perimeter of today's enterprise is porous, putting enormous pressure on clients’ risk and compliance systems," said Bill Veghte, executive vice president, software and solutions, HP.

"The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats."

This is HP's second major signing of the year, following on from the acquisition of 3PAR, a utility storage firm, for $2.35 billion (£1.5 billion). HP successfully outbid its rival, Dell, who mounted a series of offers.

The ArcSight acquisition is expected to resolve by the end of the year.
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