HP Continues Shopping Spree; Buys Security Software Company Arcsight For $1.5B In Cash

Monday, September 13th, 2010

Leena Rao currently works as a writer for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

As rumored yesterday, HP has signed an agreement to buy security software company Arcsight for $1.5 billion, or $43.50 per share. This acquisition follows HP’s $2.3 billion acquisition of data storage company 3PAR.

Arcsight provides security and compliance management software that identifies and mitigate business risk for enterprises, MSSPs and government agencies. The software products are designed to protect enterprises from external security attacks, insider threats and compliance breaches.

HP’s says that the acquisition of ArcSight “will enable the creation of a new type of security solution, one that serves the modern enterprise.” The acquisition is expected to close by the end of 2010.

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