Trend Micro Inc. ADROTCPK - Current
Oct. 21, 2015, 1:46 PM
- 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.