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Following the significant acquisitions happening in the enterprise IT industry, another giant decides to spin off one of its units.
Hewlett Packard sold off its network security business TippingPoint to Trend Micro for a whopping USD300 million, TechCrunch reported. The tech site also quoted HP, who has expressed future plans to resell its network security services from partners, which includes Trend Micro rather than its own assets.
Trend Micro CEO Eva Chen said about the move, “As an ideal complement to our market-leading protection for data centers and endpoints1, this new next-generation network defense solution combines our best-in-class network breach detection system2with proven intrusion prevention and response capabilities from TippingPoint. Given our tenure with both HP and TippingPoint technology, we are excited about the agility of this acquisition and the value it will create for customers.”
Long before the acquisition, The Register said HP’s TippingPoint and Trend Micro had a strategic partner relationship. The relationship will reportedly continue once the acquisition has been completed.
