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HP To Acquire ArcSight For 1.5 Billion
An anonymous reader writes "HP and ArcSight have signed a definitive agreement for HP to acquire ArcSight, a security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion. The acquisition will be conducted by means of a cash tender offer for all of ArcSight's outstanding shares of common stock. The closing of the acquisition, which is subject to customary closing conditions, is expected to occur by the end of the calendar year."
Wow. 3Par and now ArcSight? They are going to need to call a credit counseling company after this shopping binge! :D
one can choose from a variety of locations where the populations are predominately dead, dying, or demise scheduled. there's some sizable profits in mass murder/pseudo extinctions of populations. not to mention the advantages of disappearing bad history. seems like this has happened before?
Don't forget Palm.
*sigh*
HP will destroy them. What other products are out there these days? Anyone have any experience in other products? /has over a million dollars in this thing... does not want to be an HP customer.
...but thanks for the share price info. It's what I come to Slashdot for :-p
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I was hoping Slashdot would put the specific for this deal, like why is HP buying this company out? What is HPs long term goal for acquiring this company?
I have heard that it's a continuation of ex-CEO Hurd's vision for HP, but what exactly that vision is I have yet to hear. I mean, the closest I can get is vague quotes like "Together, HP and ArcSight will be well-positioned to secure even the most demanding environments." What exactly does that mean?
In rough times, you have to diversify and try to slide into new markets to keep making money. Let's face it, the dollar isn't getting any stronger anytime soon. HP's taking their cash reserves and investing it now instead of watching their net worth dwindle. HP's pushing themselves to be the new industry leader in all tech sectors, not just their traditional markets.
I think in the long run, companies like Dell will look back and wonder why they didn't do what HP's currently doing. Now's the time to buy and innovate, not be conservative and limit your market strategy.
Wise men say, "Forgiveness is divine, but never pay full price for late pizza."
In the long run, HP will be selling all this crap off to make itself look better to Wall St. and we'll all be talking about how HP went off the rails right around the time they forced Hurd out.
Seeing how the US politics are run by companies, I'd say that the dollar is stronger than ever.
Nae king! Nae laird! Nae yurrupiean pressedent! We willna be fooled again!
In the long run, HP will be selling all this crap off to make itself look better to Wall St. and we'll all be talking about how HP went off the rails right around the time they forced Hurd out.
It could be: GE went through this. Now, GE makes about 2/3rds of their money from finance. Time Warner/AOL is another example.
Many times these huge corps go apeshit with their cash buying things up only to have the purchases be detrimental to their performance. They do it mostly just to do something - anything with their cash and the purchases may not be appropriate. Right now, there's a huge push in the computer industry to make acquisitions - it's a mature commodity business now and the only way to grow to to buy.
I have no idea what HP's upper management has in store for this purchase - the article is nothing but PR fluff - but they better have a plan or you'll be right and they'll be sticking their fingers down their throats in 10 years to get rid of this business at a fraction of the price.
RIP America
July 4, 1776 - September 11, 2001
Yea I dunno. The dollar is pretty weak at the moment. 1.5 billion is a lot of money to be spending in a rescession... unless you are getting a very good deal.
This seems to be the business strategy now. When the shit hits the fan, you'll be long gone on your golden parachute.
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
RUN FOR YOUR LIVES!
Run away as fast as you can as soon as you can!
Sincerely,
-A former EDSer, now trying to leave HP
Dell has been making acquisitions left and right for years now.
Few other SIEM vendors even compare ArcSight, their products arguably an an order of magnitude better than their compeditors. This was a very wise acquisition on HP's part, in the SIEM game there really are only about 3 worth looking at regardless and to the best of my knowledge HP wasn't in that game before this anyway.
In rough times, you have to diversify and try to slide into new markets to keep making money.
Yeah, I'd do that except the Bush/Obama bailouts took all my money, leaving it in the hands of the corporate sector to go on a buying spree because stock prices tanked wiping out my 401K.
As it happens, I'm not an American, so none of that is true, but I can't help but think it's how a lot of Americans must feel: the government socialized the risk of corporations that are already heavily protected from liability by the Nanny State's special treatment of them under the various Companies Acts, leaving the corporate sector flush with cash at a time of (arguably) relatively low stock valuations.
Ergo: merger mania! Acquisitions for all! Well, at least for all who are hiding behind the skirts of the Nanny State, rather than living within their means and struggling to get by. Just remember: helping out those folks would be Socialism!
Blasphemy is a human right. Blasphemophobia kills.
Fortify and then ArcSite...maybe K-P put together a package deal for HP?
Anyway...HP is beefing up the security side of the house pretty well...
P
I used to fear clowns...but I'm discovering that chimps are far, far, worse.
Yeah, I'd do that except the Bush/Obama bailouts took all my money, leaving it in the hands of the corporate sector to go on a buying spree because stock prices tanked wiping out my 401K.
I disagree with this sentiment, by the time the bailouts happened the damage had already been done. A lot of the companies bailed out really would have caused serious damage to national and world economies had they been allowed to fail. The mistake wasn't bailing them out, it was letting them get so large and powerful that their failure would spell doom for global economies.
It would be like complaining about the government using your tax dollars to repair a huge dam that is upriver from your town. The problem isn't that they're using tax dollars to make the repairs, the real problem is that they built the dam in the first place, an error compounded by lack of inspections and regulations over the years that allowed the dam to get so damaged that not repairing it would lead to disaster. Yeah, the company that built the dam should be the one paying for those repairs, (and in this analogy they kind of are since most of the bailout was in the form of loans) but would you really let the dam wash away and destroy the town just to make a point about corporate responsibility?
That kind of cynicism is a little too easy. Like it or hate it, this move is perfectly in line with the Fiorina/Hurd vision that has made HP a technology services/integrator that Wall Street adores.
HP perceives holes in its security suite, and Arcsight is an effective move to both plug some of those holes and bring another cash cow into its stables, albeit at not a small price tag.
Of course, the HP of yesteryear might have been able to spend a mere couple of hundred million over a few years to develop technology that could compete head-to-head with Arcsight. But that is not the HP of today.