HP Buys ArcSight For $1.5bn
Following various rumours last week, HP has today confirmed it will buy security software firm ArcSight for $1.5bn.
The deal is the latest in a series of acquisitions intended to broaden HP's services and move the company into new areas to compete with rivals following various similar strategies throughout the industry.
The news of the ArcSight deal comes only weeks after HP won a bidding war with Dell to acquire storage firm 3Par for $2.4bn.
ArcSight and 3Par will both fit well within HP's expanding business profile, which is starting to focus a great deal more upon services rather than hardware development.
Tom Reilly, ArcSight's chief executive and president says, "In a world where perimeter security is no longer enough, businesses need this holistic approach to secure their networks, applications, and sensitive data."
HP's competitors Cisco and IBM have made similar acquisitions in the security field to integrate them into services as security is increasingly considered a critical part of the decision-making process when ordering other goods or services.
Return to business news headlines
View Business News Archive