Trend Micro has announced that it will acquire HP’s TippingPoint security division in a deal worth $300m.
The company said that the purchase will broaden its portfolio of services covering everything from endpoint protection to cloud security services.
Trend Micro and TippingPoint have had a strategic relationship since 2014, and have experience of working together that could make it much easier to integrate the two companies when the deal goes through.
Trend Micro chief executive Eva Chen (pictured) explained that the acquisition will allow the company to provide the necessary tools and services to customers as security threats escalate and evolve.
“As an ideal complement to our market-leading protection for data centres and endpoints, this new next-generation network defence solution combines our best-in-class network breach detection system, with proven intrusion prevention and response capabilities from TippingPoint,” she said.
“Given our tenure with HP and TippingPoint technology, we are excited about the agility of this acquisition and the value it will create for customers.”
Trend Micro also confirmed that part of the deal will involve acquiring TippingPoint’s Digital Vaccine LABS that provides real-time threat intelligence with security filters to analyse vulnerabilities and exploits.
The deal is expected to be finalised by the end of the fourth quarter of 2015, subject to the usual regulatory approvals. Around 300 employees from TippingPoint will move to Trend Micro.
Tipping Point, what’s the value? Why did we do it? https://t.co/unjFvS9NL3
— Rik Ferguson (@rik_ferguson) October 21, 2015
The sale of TippingPoint comes as HP hurtles towards its split into two separate businesses.
This is expected to be completed by the end of the month and will, according to the HP execs in charge, lead to the creation of two leaner, more agile companies that can react to market needs more quickly and efficiently.