Data Central
Official news from HP

HP to Acquire ArcSight

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

- HP SEC filings

- 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

Labels: Finance

Cathie Lesjak remarks at Citi Technology Conference: R&D, 3PAR, Mark Hurd, Oracle, and more

cathie-lesjak.jpgOn Wednesday, HP CFO and interim CEO Cathie Lesjak was interviewed by Citigroup technology analyst Richard Gardner at the bank’s Global Technology Conference in New York.


The full transcript is available here; highlights are below.

Labels: executive| Finance

Storing the information explosion: HP to acquire 3PAR

518i5D0575411CCEE8AFBoth businesses and individuals are creating increasing volumes of data every day, and these data need to be stored somewhere before they can be turned into information that helps make better decisions.


Whether it’s by commercializing research from HP Labs (like StoreOnce) or through strategic acquisitions (like 3COM), HP’s role is to provide customers with technology that delivers better information faster and more efficiently.


Today, HP announced the acquisition of 3PAR, a self-described “utility storage” company whose technology offers just that kind of advantage.


(For a closer look at 3PAR’s technology, read “There’s something about 3PAR”, posted 8/23/10 to their official blog.)


Over the past 11 years, 3PAR has built some very unique solutions.  Added to HP’s unparalleled storage, server, and networking portfolio, 3PAR will accelerate the converged infrastructure strategy that is helping customers make sense of the information explosion.


***Read today’s press release for more information and disclosure related to forward-looking statements and solicitation.


We’ll continue to update this post with any new information that comes available.


What does “converged infrastructure” mean?

One of HP’s leading technologists, Charlie Bess of Enterprise Services, asked this very question in an interview he did with VP of Converged Infrastructure Doug Oathout earlier this week.  Here’s a few excerpts from their conversation:


[Editor’s note: the remarks below have been slightly edited for form]


Is Converged Infrastructure really the next big thing and if so, why?

Yes, it is the next big thing. The reason why is because IT (over the last 20 years) has been put together as a set of projects or silos and once deployed remained relatively static. That’s caused most organizations to be overprovisioned (wasting computing power).


The reason CI is the next big thing is because the applications can share the infrastructure more effectively. The applications can live and breathe. Smaller increments can be added or removed as needed.


What’s converging?

The converged part is bringing the server, storage and networking hardware together so that it can be broken up into smaller increments. Converged infrastructure also includes management software so that the applications can be moved around as needed to meet the service levels of the business.


Applications are now matched to the infrastructure and that is also matched to the needs of the business.


This is starting to sound like an infrastructure as a service…Is that right?

Yes, it definitely is.


How do you see CI generating new value within the client’s business?

When you can get to a converged infrastructure, you can more quickly bring web servers and business processes up in a short time. Its direct effect on time to market generates value.  If you want to start up a new business model, like moving to more web sales, the change can be made quickly. It also allows you to grow and scale as needed.


Does HP have a mechanism to allow clients to have more infrastructure capabilities on-the-fly?

DreamWorks is [a] good example. They connect to HP for about 20% of their [animation] rendering needs…Once you get the core infrastructure converged, you have additional flexibility so if you want to change the response time or power consumption for certain transactions you can dial it back or scale up as needed.

Labels: cloud| Finance

Tablets, networking, cloud, and R&D: highlights from HP’s Q&A with financial analysts

Some of the most interesting conversations about HP and the technology business happen in public view during quarterly conference calls with financial analysts.  Yesterday was no exception.


The full transcript is available on our investor relations website, or check out our post yesterday for more coverage.  Highlights from the call:



On the PC market and tablets:

Todd Bradley, EVP of the Personal Systems Group: There is bad business to chase in the PC market, if market share is your primary and your only goal. That's not what we're working on…


…You'll see us with a Microsoft product out in the near future and a Web-OS based product in early 2011.


On networking:

Cathie Lesjak, CFO and interim CEO: HP networking…recorded organic growth of 42%, or total growth of 198% including 3Com, which was ahead of plan. In the last 90 days, we have seen significant interest in our HP networking data center solutions. 300 of our top 1000 customers have initiated proof of concept.  Among the customers deploying HP networking solutions this quarter are Marriott, Dreamworks and the US Department of Health and Human Services.


…the recent acquisitions that we've closed and/or announced are very positive for margins. For example, a lot of the strength in our gross margin this quarter came from the networking business


Ann Livermore, EVP, Enterprise Business: The networking market has been one characterized by high prices, proprietary products and little choice, and now that HP's got the offering we have, we've just seen a very strong demand for the products…we're able to offer our networking products at a very attractive price and yet at the same time generate a very attractive margin…


On R&D and innovation

Cathie Lesjak: We have significant savings still to be captured in our services, supply chain and real estate initiatives.  At the same time, we are increasing our investments in R&D and sales and marketing….


…I think what's important is to think about the fact that we've got three year plans out there. Three year plans that are supported by the Board, that include acceleration in both R&D and sales to drive growth…those investments are funded through the vast number of productivity initiatives…in flight already.


On security in the cloud and Fortify:

Ann Livermore: When you talk about applications and the cloud movement and the things happening there, the other thing that we announced this week which is very pertinent for that space is our acquisition of Fortified Software…as customers are moving more and more applications to the cloud, they are even more intensely concerned about testing for the security associated with applications and so that's a move that we made in that space that's very aligned with moving applications to the cloud and the whole security related to it.


(For a look into recent HP Labs research into cloud security models, read on about EnCoRe)


(image credit: photo of HP garage by donjd2)

Labels: Finance
Follow Us


Data Central is the official HP corporate blog, brought to you by the corporate communications team in Palo Alto. Before commenting, please read our community guidelines. For more news and press contacts, visit the HP newsroom. Note: all times GMT