Entering text into the input field will update the search result below

HP sells TippingPoint security hardware unit for $300M

Oct. 21, 2015 1:46 PM ETTrend Micro Incorporated (TMICF) StockTMICYBy: Eric Jhonsa, SA News Editor5 Comments
  • Japanese security software firm Trend Micro (OTCPK:TMICF) is acquiring HP's (HPQ -0.4%) TippingPoint security appliance unit for $300M. The deal is expected to close by the end of calendar Q4.
  • Reuters reported last month HP was exploring a sale of TippingPoint (has faced stiff competition from Cisco, Check Point, Palo Alto Networks, and others) amid a strategic review of its product lines ahead of the company's Nov. 1 breakup. Reuters' sources suggested the sale price could be in the $200M-$300M range.
  • TippingPoint was obtained by HP via the $2.7B 3Com acquisition. 3Com bought TippingPoint in 2005 for $442M.

Recommended For You

About TMICF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TMICF--
Trend Micro Incorporated