H-P inks another acquisition


Tech giant Hewlett-Packard ( HPQ ) confirmed on Monday that it had bought enterprise-focused security-software company ArcSight ( ARST ), mere weeks after it agreed to buy storage-software firm 3Par ( PAR ).

H-P's buying binge comes amidst a spate of merger and acquisition deals. August was the busiest month for M&A since July 2008, with more than $282 billion made in purchases and tie-ups.

And the tech sector has seen a raft of M&A activity: Intel ( INTC ), for example, recently bought security-software developer McAfee ( MFE ), the cable-modem unit of Texas Instruments ( TXN ) and the wireless division of Infineon Technologies.

H-P's enterprise offerings will be expanded by the addition of ArcSight, the company said. "The combination of H-P and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats," H-P executive vice president Bill Veghte indicated.

H-P, ArcSight CEO Tom Reilly added, "will be able to offer an integrated security platform that delivers broader visibility, deeper context and faster remediation of enterprise-wide security and risk-related events."

The announcement of the $1.5 billion deal didn't move the needle on H-P's stock in early trading.

By Benjamin Foster

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Personal Finance , Business , Technology

Referenced Stocks: ARST , HPQ , INTC , MFE , PAR , TXN

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