Security software company Trend Micro International on Friday signed a definitive agreement to acquire HP TippingPoint, a provider of next-generation intrusion prevention systems (NGIPS) and related network security solutions for $300 million.
The acquisition will position Trend Micro as the go-to enterprise security provider of dynamic threat defence solutions spanning endpoints, network, data centre and the cloud, the company said in a release.
“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,” Eva Chen, chief executive of Trend Micro, said.
“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,” she added.
Trend Micro will also combine current and acquired capabilities to create a network defence business unit, serving more than 3,500 enterprise customers.
IANS
