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Monday, September 13, 2010

HP buying security company ArcSight

Technology company buys security company. First it was Intel and McAfee, now it's HP and ArcSight. The two companies have agreed that HP is going to acquire ArcSight in a deal wirth around $1.5 billion. In a statement, HP said "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." The deal is expected to be concluded by the end of 2010.

Tom Reilly, president and chief executive officer at ArcSight, said "HP’s acquisition of ArcSight will enable the creation of a new type of security solution, one that serves the modern enterprise. By combining ArcSight’s Enterprise Threat and Risk Management Platform with HP’s breadth of application development and operations management solutions, HP will be able to offer an integrated security platform that delivers broader visibility, deeper context and faster remediation of enterprise-wide security and risk-related events. In a world where perimeter security is no longer enough, businesses need this holistic approach to securing their networks, applications and sensitive data."

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 630

Tags: securityhp

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