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."

Comments

HP's the only one taking the recession seriously

[ProppaT]

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.