HP to acquire ArcSight for $1.5 billion

From CNET News.com: Hewlett-Packard said Monday it will acquire ArcSight, a security and compliance management company, for $43.50 per share, or a total of $1.5 billion.

The technology giant said that ArcSight's "superior technology" is complementary to HP's own existing security portfolio of hardware, software and services.

"From a security perspective, the perimeter of today's enterprise is porous, putting enormous pressure on clients' risk and compliance systems," Bill Veghte, HP's executive vice president for software and solutions, said in a statement. "The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats."

The companies expect the deal to close by year's end. ArcSight, which is based in Cupertino, Calif., was founded in 2000 and went public in 2008.

Earlier this month, HP won an intense bidding war with rival Dell to acquire storage company 3Par for $2.4 billion.

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