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HP Security The Almighty Buck IT News

HP To Acquire ArcSight For 1.5 Billion 44

Posted by CmdrTaco
from the who-are-they-again dept.
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."
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HP To Acquire ArcSight For 1.5 Billion

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  • Wow (Score:3, Informative)

    by C_Kode (102755) on Monday September 13, 2010 @09:42AM (#33560466) Journal

    Wow. 3Par and now ArcSight? They are going to need to call a credit counseling company after this shopping binge! :D

    • by onionman (975962)

      Wow. 3Par and now ArcSight? They are going to need to call a credit counseling company after this shopping binge! :D

      Actually, now is a good time to buy! The current recession has depressed prices throughout the tech sector (well, and in almost every other sector as well), so it makes good business sense for HP to use the opportunity to diversify by purchasing smaller companies that have already gained some traction in niche markets.

      Assuming, of course, that HP has enough liquid assets to cover the purchases.

      • Re: (Score:3, Insightful)

        by rivaldufus (634820)
        It's HP. They can just lay off enough people to cover the tab. It's the Fiorina fandango.
    • by PopeRatzo (965947) *

      Wow. 3Par and now ArcSight?

      Sure why not? Why do we need so many different companies anyway?

      Wouldn't it be better if we bought our goods and services from just two or three companies?

      And those people at 3Par and ArcSight who will almost certainly lose jobs (shedding jobs is always part of this sort of takeover) didn't need to be working anyway.

      It would have been nice if HP would have put a little of the billions they spent buying up their supply chain and/or competitors into paying dividends to their shareh

      • I haven't done the actual math but I think it would be either 2 or 1 depending on whether you started with an odd or even number of companies... ;)

    • by jo42 (227475)

      My initial reactions where 3Par-who? Arc-who? Never heard of them until now. Must have been under a rock somewhere for sometime...

  • ...but thanks for the share price info. It's what I come to Slashdot for :-p

    • I had to reach for my corporate bullshit dictionary when I saw "compliance management".

      Obviously you can't just explain this term with mere text. You'll need to see the flowchart and powerpoint presentation for yourself,

  • 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?

    • "Together, HP and ArcSight will be well-positioned to secure even the most demanding environments." What exactly does that mean?

      It means more "Security by marketing".

  • by ProppaT (557551) on Monday September 13, 2010 @10:03AM (#33560652) Homepage

    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.

    • Weak dollar? (Score:3, Interesting)

      Seeing how the US politics are run by companies, I'd say that the dollar is stronger than ever.
    • 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.

    • by Xsydon (1099321)
      Dell has been making acquisitions left and right for years now.
    • by radtea (464814) on Monday September 13, 2010 @11:26AM (#33561568)

      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!

      • 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 pr

  • by PolygamousRanchKid (1290638) on Monday September 13, 2010 @10:58AM (#33561194)

    This seems to be the business strategy now. When the shit hits the fan, you'll be long gone on your golden parachute.

  • by Haelyn (321711) on Monday September 13, 2010 @11:03AM (#33561262)

    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

"Consistency requires you to be as ignorant today as you were a year ago." -- Bernard Berenson

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