HP, the American multinational information technology corporation headquartered in Palo Alto, California, recently announced that it is acquiring ArcSight, a leading security and compliance management company. As HP explained, the acquisition of ArcSight is meant to improve security, reduce risk and facilitate compliance at a lower cost for its customers.
This is the second security company that HP acquired in recent times. Back in August HP announced it entered a definitive agreement to purchase Fortify Software, security software vendor known for making security analysis and assurance tools for application developers. As HP explained at the time, the acquisition of Fortify Software is meant to help HP’s clients to proactively reduce business risks of insecure software.
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When HP announced it is acquiring Fortify Software, it did not disclose how much money it will spend on the acquisition. HP did not do the same this time – the company announced that it will pay $43.50 per ArcSight share, which amounts to a grand total of $1.5 billion. For this amount of money HP will acquire a superior technology that, HP says, is highly complementary to its 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,” commented President and CEO of ArcSight, Tom Reilly. “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.”
“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.”
HP, the American multinational information technology corporation headquartered in Palo Alto, California, recently announced that it is acquiring ArcSight, a leading security and compliance management company. As HP explained, the acquisition of ArcSight is meant to improve security, reduce risk and facilitate compliance at a lower cost for its customers. 