Feeds

HP buys security tools firm ArcSight for $1.5bn

More security biz consolidation

Top three mobile application threats

HP has agreed to buy security event management firm ArcSight for $1.5bn.

The deal, rumoured over the weekend and announced on Monday, is the IT giant's second significant acquisition in two weeks, following the purchase of storage outfit 3PAR. It also follows last month's deal to buy application security tools firm Fortify Software.

ArcSight, which received funding form the CIA's venture capital arm in the early days of the firm, markets technology that helps corporates to make sense of logs from firewall and intrusion prevention appliances. Its security information and event management (SIEM) products also help companies to meet corporate compliance regulations.

HP said the acquisition of ArcSight "will provide customers the ability to proactively monitor real-time events, assess risks and respond quickly to threats".

ArcSight, which was founded in 2000 and floated two years ago, made $3m on revenue of $48.1m for the quarter ending 31 July. HP is offering $43.50 per share for ArcSight's stock, a premium of 25 per cent on its closing price on Friday.

The HP/Arcsight tie-up follows less than a month after Intel's $7.7bn much puzzled over acquisition of McAfee, Symantec’s recent acquisition of PGP, and IBM’s purchase of BigFix. IT giants are buying security firms like money was going out of fashion in one of the most intense periods of consolidation in the sector to date. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.