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HP to Acquire Cybersecurity Company ArcSight for $1.5 Billion

HP to Acquire Cybersecurity Company ArcSight for $1.5 Billion - top government contractors - best government contracting event
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HP to Acquire Cybersecurity Company ArcSight for $1.5 Billion - top government contractors - best government contracting event
Image: Juan Fuertes

HP is acquiring ArcSight, a security and compliance management company.

The two firms signed a definitive agreement for $43.50 per share, or an enterprise value of $1.5 billion. The combination of HP and ArcSight will improve security, reduce risk and facilitate compliance at a lower cost for customers.

ArcSight“™s technology will complement HP“™s existing security portfolio of hardware, software and services, HP said.

Together, the firms will deliver a comprehensive view of all events across IT operations, security and compliance; the ability to detect real-time threats and risks; and constant feedback loop between build, manage and monitor to ensure that enterprises remain secure

“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.“

The closing of the acquisition, which is subject to customary closing conditions, is expected to take place by the end of the year.

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Written by Neel Mehta

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