HP to Acquire ArcSight
PALO ALTO and CUPERTINO, Calif., Sept. 13, 2010
HP and ArcSight inc. (Nasdaq: ARST) today announced that they have signed a definitive agreement for HP to acquire ArcSight, a leading security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion.
The combination of HP and ArcSight will improve security, reduce risk and facilitate compliance at a lower cost for customers. ArcSight’s superior technology is highly complementary to HP’s existing security portfolio of hardware, software and services.
Today’s successful enterprises must provide their employees, partners and customers with more access to applications, services and information. this access and connectivity exposes enterprises to escalating threats, increasing complexity and regulatory challenges. Together, HP and ArcSight will be well-positioned to secure even the most demanding environments by delivering:
- Broader visibility: A comprehensive view of all events across IT operations, security and compliance Deeper context: The ability to detect threats and risks by correlating both activity and state changes in real time Better continuity: A constant feedback loop between build, manage and monitor to ensure that enterprises remain secure
“From a security perspective, the perimeter of today’s enterprise is porous, putting enormous pressure on clients’ risk and compliance systems,” saidBill Veghte, executive vice president, Software and Solutions, HP. “The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.”
“HP’s acquisition of ArcSight will enable the creation of a new type of security solution, one that serves the modern enterprise,” said Tom Reilly, president and chief executive officer, ArcSight. “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.”
The acquisition will be conducted by means of a cash tender offer for all of ArcSight’s outstanding shares of common stock. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year.
Investor and analyst conference call
HP will host a conference call for financial analysts and stockholders today at 5:30 a.m. PT to discuss its proposal to acquire ArcSight.
The call, hosted by bill Veghte, will be accessible atwww.hp.com/investor/home.
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