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
- 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.
UPDATE: Remarks from investor call
Bill Veghte, EVP of HP Software & Solutions, joined investors at 5:30am PT to discuss the proposed acquisition. Highlights attributabe to Veghte are below; the full transcript is available on at our investor relations website.
"At the most basic level, this announcement signals HP’s intent to be a leader in providing solutions for enterprises that improve their security, reduce their risk and help them stay compliant at lower cost."
"The security market is large and is growing at double-digit levels. It is an area where customers are looking for not only great software products but the services and hardware around it...HP has the ability to provide these integrated solutions to our customers."
"...take the cybersecurity space alone, there are over 80 current and pending legislative bills globally and 25 pending in Congress."
"HP does not believe that the current practice of layering multiple prevention point products after the fact will work. We believe organizations need a new approach, an approach where security and IT operations are converged, not siloed. An approach where security is designed in."
Photo credit: wlodi
