HP to Buy Cyber Security Company ArcSight for $1.5 Billion

Hewlett-PackardHewlett-Packard (HPQ) will purchase cybersecurity software company ArcSight (ARST) for $1.5 billion, or $43.50 a share.

The deal will close by the end of this year, the companies 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," said Bill Veghte, HP's executive vice president of software and solutions.

HP will make a cash tender offer for all of ArcSight's outstanding shares of common stock. The deal is subject to customary closing conditions.

The deal continues HP strategy of increasing its presence in the market for services, and reducing its dependence on building computers.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum