Hello, Guest!
  • Tuesday, April 16, 2024

HP Strikes $1.5 Billion Deal to Buy ArcSight

HP (NYSE: HPQ) and ArcSight Inc. (Nasdaq: ARST) have announced an agreement for HP to acquire ArcSight, for a price of $43.50 per share, or a value of roughly $1.5 billion.

According to the firm, “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.”

HP is ready to leverage ArcSight’s skills and expertise to deliver an improved security product.

“From a security perspective, the perimeter of today’s enterprise is porous, putting enormous pressure on clients’ risk and compliance systems, ” Bill Veghte, executive vice president, Software and Solutions, HP, said. “The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.”

Video of the Day

Related Articles

Matt Pinkston Named Chief Growth Officer at Procurement Sciences AI Executive Moves

Matt Pinkston Named Chief Growth Officer at Procurement Sciences AI

Matt Pinkston, a nearly four-decade veteran of the technology and government contracting sectors, has joined bidding intelligence system provider Procurement Sciences AI as chief growth officer. His appointment comes as PSci.AI aims to help government contractors build a competitive advantage through artificial intelligence-based automation technology. Pinkston formerly served as a senior vice president at TechnoMile,

HP Federal CTO Tommy Gardner Discusses Challenging Digital Ethics Conundrums & the Cyber Threat Vector Artificial Intelligence

HP Federal CTO Tommy Gardner Discusses Challenging Digital Ethics Conundrums & the Cyber Threat Vector

Tommy Gardner, chief technology officer at HP Federal and vital participant in Executive Mosaic’s GovCon Expert program, is a seasoned veteran of the government-serving technology space. He has nursed a fascination with engineering since he was a young child, taking after a lineage of mechanical engineers in his father and both grandfathers. His career began

Amentum Names Roela Santos, Sean Mullen to Senior Leadership Team; John Heller Quoted Executive Moves

Amentum Names Roela Santos, Sean Mullen to Senior Leadership Team; John Heller Quoted

Roela Santos Amentum has appointed GovCon industry veterans Roela Santos and Sean Mullen to its senior leadership team. Santos is senior vice president of marketing and communications with oversight of public relations, brand-building, corporate social responsibility, employee engagement, crisis communications, reputation management and market influence, internal and external messaging and digital marketing efforts, the company