HP has confirmed reports that it is making a $1.5bn (£970m) move on security outfit ArcSight.
The acquisition-hungry hardware leviathan has reached a definitive agreement to acquire the security and compliance management specialist for $43.50 per share, equal to an enterprise value of $1.5bn.
Bill Veghte, executive vice president, Software and Solutions at HP, said: “The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.”
Tom Reilly, chief executive of ArcSight, added: “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.”
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