HP takes aim at ArcSight
Just a few weeks after it agreed to acquire storage vendor 3Par, HP is reportedly looking at purchasing network security firm ArcSight for an alleged $1.5 billion.
Another security vendor looks set to fall as HP looks to be closing on software developer ArcSight in a deal worth a rumoured $1.5 billion.
The news comes on the heels of Palo Alto's recent acquisition of virtualised storage vendor 3Par on September 2 for $2.35 billion, after a brief-but-fierce bidding war with rival Dell.
According to unnamed but senior company sources in the Wall Street Journal, ArcSight was looking for $42 a share. As of Friday, the firm was trading at $35, leading to a market capitalisation of $1.2 billion. A number of vendors are also rumoured to be in the hunt, with an earlier report in the Journal naming Oracle, EMC and IBM as other possible suitors for the Cupertino-based firm.