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.”