Hewlett-Packard has agreed to buy security software maker ArcSight for $1.5 billion in cash, as the computer giant tries to expand the range of services it offers corporate clients. Cupertino, Calif.-based ArcSight’s products are used by corporations and government agencies to detect suspicious activity on their networks. The purchase price represents a 24-percent premium to the software company’s trading price before the offer was made.
Analysts said the acquisition of ArcSight is part of HP’s move to offer more value-added services to corporations who are trusting an increasing amount of data to the cloud, whether it’s a cloud the company itself operates or one run by a number of SaaS providers. As VMWare CEO Paul Maritz said recently, this move places an increasing strain on security systems as data flows out of the corporate network and onto a variety of third-party platforms and mobile devices. In HP’s news release about the deal, HP VP Bill Veghte said “the perimeter of today’s enterprise is porous.”
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