PALO ALTO, Calif.--()--HP (NYSE:HPQ) 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.
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This document contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements about the expected benefits and costs of the transaction; management plans relating to the transaction; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that the expected benefits of the transaction may not materialize as expected; that HP is unable to successfully implement integration strategies; and other risks that are described in HP’s SEC reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for its fiscal year ended October 31, 2009 and Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.
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