HP to acquire ArcSight
HP and ArcSight have signed a definitive agreement for HP to acquire ArcSight, a security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion.
Together, HP and ArcSight will be well-positioned to secure even the most demanding environments by delivering:
- Broader visibility: A view of all events across IT operations, security and compliance
- Deeper context: The ability to detect threats and risks by correlating both activity and state changes in real time
- Better continuity: A constant feedback loop between build, manage and monitor to ensure that enterprises remain secure.
“From a security perspective, the perimeter of today’s enterprise is porous, putting enormous pressure on clients’ risk and compliance systems,” said Bill Veghte, executive VP, Software and Solutions, HP. “The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.”
“HP’s acquisition of ArcSight will enable the creation of a new type of security solution, one that serves the modern enterprise,” said Tom Reilly, president and chief executive officer, ArcSight. “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.”
The acquisition will be conducted by means of a cash tender offer for all of ArcSight’s outstanding shares of common stock. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year.