HP and ArcSight Inc. today 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.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.
For more information:
- Read the rest of today's announcement
- Attend the investor conference call at 5:30am PT
- HP SEC filings
- Follow @hpnews on Twitter and Stocktwits
What is ArcSight?
ArcSight is a leading global provider of cybersecurity and compliance solutions that protect organizations from enterprise threats and risks
HP to Acquire ArcSight
- Acquisition will expand HP’s software and security portfolio and accelerate growth
- Combination will provide customers the ability to proactively monitor real-time events, assess risks and respond quickly to threats
“From a security perspective, the perimeter of today’s enterprise is porous, putting enormous pressure on clients’ risk and compliance systems”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
“HP’s acquisition of ArcSight will enable the creation of a new type of security solution, one that serves the modern enterprise,” said Tom Reilly, president and chief executive officer, ArcSight. “By combining ArcSight’s Enterprise Threat and Risk Management Platform with HP’s breadth of application development and operations management solutions, HP will be able to offer an integrated security platform that delivers broader visibility, deeper context and faster remediation of enterprise-wide security and risk-related events. In a world where perimeter security is no longer enough, businesses need this holistic approach to securing their networks, applications and sensitive data.”
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.
Investor and analyst conference call
HP will host a conference call for financial analysts and stockholders today at 5:30 a.m. PT to discuss its proposal to acquire ArcSight.
The call, hosted by Bill Veghte, will be accessible at www.hp.com/investor/home.
About ArcSight
ArcSight is a leading global provider of cybersecurity and compliance solutions that protect organizations from enterprise threats and risks. Based on the market-leading SIEM offering, the ArcSight Enterprise Threat and Risk Management (ETRM) platform enables businesses and government agencies to proactively safeguard digital assets, comply with corporate and regulatory policy and control the internal and external risks associated with cybertheft, cyberfraud, cyberwarfare and cyberespionage. For more information, visit www.ArcSight.com.
http://h30507.www3.hp.com/t5/Data-Central/HP-to-Acquire-ArcSight/ba-p/82411
http://www.businesswire.com/news/home/20100913006082/en/HP-Acquire-ArcSight
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