Hewlett-Packard has agreed to acquire ArcSight for $1.5 billion, ending weeks of public speculation about the security vendor’s future.
The deal is expected to close by the end of the year. In late August, it was reported that ArcSight, a leading vendor in the security information and event management (SIEM) space, was shopping itself around to a number of vendors.
The acquisition will continue HP’s buying spree in the security space and other markets. The company announced plans in August to acquire application security vendor Fortify Software for an undisclosed sum, and agreed recently to pay more than $2.3 billion for data storage maker 3PAR. The company also recently purchased Stratavia, which specializes in database and application automation.
For more, read the eWeek article HP to Buy ArcSight for Security Event Management.