Hewlett-Packard announced today that it has made an offer of $43.50 per share to acquire security and compliance management company ArcSight.
The deal worth a total of $1.5 billion would bring HP a greater security offering for its corporate clients.
According to Bill Veghte, HP's executive vice president for software and solutions, "the perimeter of today's enterprise is porous, putting enormous pressure on clients' risk and compliance systems."
He reckons ArcSight has just to tools to plug hup the holes. "The combination of HP and ArcSight will provide clients with the ability to fortify their applications, pro-actively monitor events and respond to threats," he flannelled in a statement.
Tom Reilly, president and chief executive officer at ArcSight reckons that 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,” he said.
HP said it expects the deal to close by the end of the calendar year.