Trend Micro buys HP Tipping Point worth $300 Million
Trend Micro International has signed a definitive agreement of around $300 million to acquire HP Tipping Point, a leading provider of next-generation intrusion prevention systems (NGIPS) and related network security solutions. The agreement encompasses security technology, intellectual property, industry expertise, as well as a large, loyal enterprise customer base. This acquisition positions Trend Micro as the go-to enterprise security provider of dynamic threat defense solutions spanning endpoints, network, data center and the cloud. Trend Micro will also combine current and acquired capabilities to create a Network Defense business unit, serving more than 3,500 enterprise customers.
Today’s “borderless” enterprises are barraged by increasingly complex threats, and organizations must be prepared to efficiently prevent, detect and respond to modern threats that circumvent traditional security.
“To face this problem, organizations need a layered threat defense working seamlessly across the enterprise to address threats before, during and after an attack. As an ideal complement to our market-leading protection for data centers and endpoints, this new next-generation network defense solution combines our best-in-class network breach detection system, with proven intrusion prevention and response capabilities from Tipping Point. Given our tenure with both HP and Tipping Point technology, we are excited about the agility of this acquisition and the value it will create for customers,” said Eva Chen, CEO, Trend Micro.
By combining intrusion prevention and breach detection, Trend Micro is creating a multi-faceted approach to contain sophisticated attacks Since 2014, Trend Micro and Tipping Point have had a strategic partner relationship. HP and Trend Micro will continue to be strong partners post transaction. The two companies will form a strategic partnership with Tipping Point around re-sale, managed services and OEM activities, as well as security intelligence, app security and data security.
The deal is expected to be finalized by the end of the fourth quarter of 2015, subject to customary closing conditions and regulatory review requirements.