Sunday, September 12, 2010

HP to Acquire ArcSight for Security and Compliance

HP announced plans to acquire ArcSight, a provider of network security and compliance management company, in a deal valued at $1.5 billion.

ArcSight, which is based in Cupertino, California, provides a platform for gaining visibility and critical insights into IT infrastructure across all users, networks, data centers and applications. The company has over 1,000 corporate and government customers.

"From a security perspective, the perimeter of today's enterprise is porous, putting enormous pressure on clients' risk and compliance systems," said Bill 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."

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