Acquisitions · Cybersecurity
Trend Micro buys HP's TippingPoint network security unit for about $300 million
- Buyer
- Trend Micro (Tokyo)
- Target
- HP TippingPoint, Austin, Texas
- Value
- About $300M
- Status
- Agreed on October 21, 2015; completed in early March 2016.
- Date
- 2015-10-21
Trend Micro agreed to buy TippingPoint, the network intrusion prevention business of HP, for about $300 million. The unit is based in Austin, Texas. The deal was completed in early March 2016, after HP had split and the unit had passed to Hewlett Packard Enterprise.
Why it matters
The deal added network security hardware and enterprise customers to Trend Micro's software-based security products.
Sources
Kakehashi M&A News home
