(Ping! Zine) – HP today announced that it has completed the acquisition of ArcSight, a leading security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion.
Integrating ArcSight’s security portfolio with HP’s IT operations management portfolio will allow organizations to converge millions of events across IT operations and security, providing deeper context than either platform alone. This represents a new security approach that will help businesses understand risk by making visible everything from activity to configuration state, role rights and past history.
By aligning IT assets with business objectives, chief information officers will have a common context and consolidated view of all IT risk and compliance issues for business services and applications. Customers will be able to monitor real-time events and activities, assess the risk and impact to their business operations, and quickly respond to and correct potential threats.
Further details on the ArcSight product integration into the HP Software and Solutions portfolio as HP expands into the security information event management (SIEM) market will be announced at a later date.
Upon the closing of the acquisition, all remaining outstanding shares of ArcSight common stock, other than those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive $43.50 per share in cash. As a result of the transaction, ArcSight has become a subsidiary of HP.