ArcSight: The IT Security Company to be bought by HP for $1.5 Billion

San Francisco (GaeaTimes.com) - ArcSight, established in 2000, is a technology corporation that provides Enterprise Threat and Risk Management (ETRM) solutions. It’s headquarter is in Cupertino, California, United States. The objective of the customers of ArcSight is to obey corporate and regulatory policy, protect their records and processes and control risk. The activity of SIEM benefits the world’s largest enterprises to rapidly identify, prioritize and respond to compliance violations, cyber-attacks etc.

Including DISA, United States Army, World Bank, Bank of America, Costco, Best Buy, ArcSight has around 40 customers and it claims customers more than 1,800 organizations in more than 80 countries.

According to many sources, Hewlett-Packard confirmed on Monday that it is close to a deal to buy ArcSight for about $1.5 billion. H.P. will pay $43.50 a share, a 24 percent premium to ArcSight’s Friday closing price of $35.10. It is reported that ArcSight drew attention of a number of large tech companies, and that bidding quickly passed $40 a share.

HP is not only a big tech company tapping the computer security industry for growth, but it is reported by Intel Corp, the world’s main provider of chips for PCs, that HP will buy Mc-Afee Inc for $7.68 billion. HP, along with many of its rivals in the tech industry, wants to gain market share and broaden its business by offering a large set of products rather than mere supplying only one piece.

Now, it is expected that the combination of HP and ArcSight will provide the clients with the right to strengthen their applications and respond to threats.