News
HP to acquire ArcSight
September 2010 by Marc Jacob
HP and ArcSight Inc. announced that they have signed a definitive agreement for HP to acquire ArcSight, a leading security and compliance management company, 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 superior technology is highly complementary to HP’s existing security portfolio of hardware, software and services.
Today’s successful enterprises must provide their employees, partners and customers with more access to applications, services and information. This access and connectivity exposes enterprises to escalating threats, increasing complexity and regulatory challenges. Together, HP and ArcSight will be well-positioned to secure even the most demanding environments by delivering:
* Broader visibility: A comprehensive view of all events across IT operations, security and compliance
* Deeper context: The ability to detect threats and risks by correlating both activity and state changes in real time
* Better continuity: A constant feedback loop between build, manage and monitor to ensure that enterprises remain secure
The acquisition will be conducted by means of a cash tender offer for all of ArcSight’s outstanding shares of common stock. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year.
