Trend Micro acquires HP TippingPoint
Merger to establish game-changing network defence solutions in the IT security space
Trend Micro International a provider of security software, has signed a definitive agreement to acquire HP TippingPoint, a manufacturer of next-generation intrusion prevention systems (NGIPS) and related network security solutions.
The $300m agreement encompasses security technology, intellectual property, industry expertise, as well as a large enterprise customer accounts.
This acquisition positions Trend Micro as the go-to enterprise security provider of dynamic threat defence solutions spanning endpoints, network, data centre and the cloud.
Trend Micro said it will also combine current and acquired capabilities to create a Network Defence Business Unit, serving more than 3,500 enterprise customers.
The company said today's "borderless" enterprises are barraged by increasingly complex threats, and organisations must be prepared to efficiently prevent, detect and respond to modern threats that circumvent traditional security.
"To face this problem, organisations need a layered threat defence working seamlessly across the enterprise to address threats before, during and after an attack," said Eva Chen, CEO, Trend Micro. "As an ideal complement to our market-leading protection for data centres and endpoints, this new next-generation network defence solution combines our best-in-class network breach detection system, with proven intrusion prevention and response capabilities from TippingPoint. Given our tenure with both HP and TippingPoint technology, we are excited about the agility of this acquisition and the value it will create for customers."
Since 2014, Trend Micro and TippingPoint have had a strategic partner relationship. HP and Trend Micro also stated that they will continue to be strong partners post the transaction.
"This acquisition complements Trend Micro's current threat defence expertise, extending its strength in endpoint, cloud, data center and breach detection to the network," said Mike Spanbauer, vice president, Research at NSS Labs. "By combining two strong brands, this move accelerates Trend Micro's enterprise position into a non-competing segment, and provides a single, complete threat defence solution for enterprises seeking to make a critical security investment."