Oct 22, 2010 : HP Completes Acquisition of ArcSight
📅 - Company takes new approach to help customers secure applications and services from build through deployment through integration of ArcSight's security portfolio.
HP, a technology solutions provider, today announced that it has completed the acquisition of ArcSight Inc., a security and compliance management solutions provider, for USD 43.50 per share, or an enterprise value of USD 1.5 billion.
The company claims that integrating ArcSight's security portfolio with its IT operations management portfolio will allow organizations to converge millions of events across IT operations and security, providing deeper context than either platform alone. This represents a new security approach that will help businesses understand risk by making visible everything from activity to configuration state, role rights and past history.
It states that by aligning IT assets with business objectives, chief information officers will have a common context and consolidated view of all IT risk and compliance issues for business services and applications. Customers will be able to monitor real-time events and activities, assess the risk and impact to their business operations, and quickly respond to and correct potential threats. Further details on the ArcSight product integration into the company's Software and Solutions portfolio as it expands into the security information event management (SIEM) market will be announced at a later date.
The company mentions that upon the closing of the acquisition, all remaining outstanding shares of ArcSight common stock, other than those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive $43.50 per share in cash. As a result of the transaction, ArcSight has become a subsidiary of the company.
HP, a technology solutions provider, today announced that it has completed the acquisition of ArcSight Inc., a security and compliance management solutions provider, for USD 43.50 per share, or an enterprise value of USD 1.5 billion.
The company claims that integrating ArcSight's security portfolio with its IT operations management portfolio will allow organizations to converge millions of events across IT operations and security, providing deeper context than either platform alone. This represents a new security approach that will help businesses understand risk by making visible everything from activity to configuration state, role rights and past history.
It states that by aligning IT assets with business objectives, chief information officers will have a common context and consolidated view of all IT risk and compliance issues for business services and applications. Customers will be able to monitor real-time events and activities, assess the risk and impact to their business operations, and quickly respond to and correct potential threats. Further details on the ArcSight product integration into the company's Software and Solutions portfolio as it expands into the security information event management (SIEM) market will be announced at a later date.
The company mentions that upon the closing of the acquisition, all remaining outstanding shares of ArcSight common stock, other than those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive $43.50 per share in cash. As a result of the transaction, ArcSight has become a subsidiary of the company.
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