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  • Wednesday, April 17, 2024

Reuters: HP Eyes TippingPoint Network Security Business Sale


cybersecurityHewlett-Packard (NYSE: HPQ) is considering selling its network security appliance manufacturing unit TippingPoint as HP conducts a strategic review of its businesses, Reuters reported Wednesday.

Liana Baker and Greg Roumeliotis write HP seeks to identify non-core assets before November, when the company plans to split into two separate public companies — one focused on computers and printers and the other concentrating on enterprise platforms.

HP bought TippingPoint through the information technology firm’s 2010 purchase of 3Com for approximately $2.7 billion.

TippingPoint produces hardware for enterprise computer network firewalls and Reuters estimates the business is worth $200 million to $300 million.

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