HP Snags ArcSight in $1.5 Billion Security Play

HP has added another high-profile company to its shopping cart. On the heels of besting Dell in the frenzied bidding war for 3PAR, HP has snagged ArcSight in a play to beef up its security portfolio.

In ArcSight, HP will acquire a litany of log and security-event management software tools, putting it in competition with others players in the space such as LogRhythm and LogLogic.

HP says there is no overlap between its current offerings and what it will pick up with ArcSight, billing the company’s offerings as a “brand new pillar” of its software strategy. eSecurity Planet takes a look.

HP’s acquisition spree is continuing this week with the $1.5 billion purchase of security-event management vendor ArcSight.

HP (NYSE: HPQ) will be paying $43.50 for each ArcSight (NASDAQ: ARST) share in the deal, which is expected to close by the end of the calendar year.

Read the full story at eSecurity Planet:

HP Acquiring ArcSight for $1.5 Billion

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