September 13, 2010 – Hewlett-Packard wants to buy ArcSight Inc., a security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion, as it continues to ramp up its acquisition activity.

With the bid, announced this morning, HP is seeking improved security, and reduced risk at a lower cost for customers and shareholders, who will hear about the pitch directly from the company later today. ArcSight, headquartered in Cupertino, Calif., provides an industry leading cyberthreat and risk platform, SIEM, to more than 1,000 customers around the world, according to its website.

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