Welcome!

GovIT Authors: Jeremy Geelan, Bob Gourley, Dirk Zwart, Tim Watson, Maureen O'Gara

Related Topics: Java, HP

Java: Article

HP Reported Buying ArcSight Next

$1.5 billion would be something like a $300 million premium on ArcSight’s market cap lately
By Maureen O'Gara
Article Rating:
September 13, 2010 08:00 AM EDT
Reads:
 5,916

Fresh from its acquisition of 3PAR for $2.35 billion, HP Sunday afternoon was reported close to buying ArcSight for around $1.5 billion by the Wall Street Journal.

That would be something like a $300 million premium on ArcSight’s market cap lately.

The paper wasn’t sure of the per-share price but heard ArcSight, which closed at $35.10 Friday, was asking $42 a share. It’s supposedly been looking to sell itself to one of the big tech companies.

ArcSight, which monitors corporate networks for suspicious activity, earned $28.4 million on revenue of $181.4 million, up 33%, in the fiscal year ended April 30.

The 451 Group thinks HP may have offered $800 million for the place before it IPO’d two years ago.

Published September 13, 2010 – Reads 5,916
Copyright © 2010 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.