HP to Pay $1.5B for ArcSight

Palo Alto, CA-based Hewlett-Packard (NYSE: HPQ) said today that it has agreed to purchase Cupertino, CA-based ArcSight (NASDAQ: ARST) for $43.50 per share or about $1.5 billion. ArcSight makes software that helps large companies guard against online theft, fraud, espionage, and other cyberattacks. “The combination of HP and ArcSight will improve security, reduce risk and facilitate compliance at a lower cost for customers,” HP said in a statement. The acquisition is expected to be completed by the end of 2010.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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