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.

CrunchBase Information
ArcSight

Crunch Network: CrunchGear drool over the sexiest new gadgets and hardware.



Resources
Post Your Resume to 65+ Job Sites
Resume Service

Post to Twitter Tweet This Post


Popular Tags:
 compliance   offices   software industry   management software   businesses   CrunchGear   HP Continues Shopping Spree   Hewlett-Packard   warehousing   mergers   data storage device   threat display   security   3PAR