HP buys yet another company.
HP announced to aquire ArcSight for about $1.5 billion. ArcSight is a provider of cybersecurity and compliance solutions that protect organizations from enterprise threats and risks.
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HP says that the combination of HP and ArcSight will improve security, reduce risk and facilitate compliance at a lower cost for customers. ArcSight’s technology is highly complementary to HP’s existing security portfolio of hardware, software and services.
The motiviation to buy a security firm could be similar to Intel's. Intel bought McAfee for over $7 billion in August.
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.
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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.