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With tender offer to buy ArcSight for $1.5 billion in cash complete, HP expects to merge the company with one of its subsidiaries in the next few days.
Tech giant says the security and compliance management company's "superior technology" complements HP's existing security portfolio of hardware, software and services.
HP will pay a decent premium for the security software company, the Journal reports, but nothing 3Par-like.
What does the ArcSight IPO mean for the enterprise security market?
It seems like security and log management are great businesses to be; however, a few vendors that should be in the security and log management space remain on the sideline.
Cisco's offering for security and compliance management has languished, leaving the company with three choices: admit defeat, double down, or acquire a replacement product.
True security analysis now includes tracking network flows, directories, physical access, and video surveillance--and that has changed the security technology model.
Even if the economy gets really ugly next year, there are tech areas that are close to being sure things for spending growth.
Through acquisitions like Secure Computing, McAfee is surrounding its existing franchises with additional complementary pieces.