Trend Micro International has signed a definitive agreement to acquire HP TippingPoint, a provider of next-generation intrusion prevention systems (NGIPS) and related network security solutions.
The approximately $300 million agreement encompasses security technology, intellectual property, industry expertise, as well as a large, loyal enterprise customer base. This acquisition positions Trend Micro as the go-to enterprise security provider of dynamic threat defense solutions spanning endpoints, network, data center and the cloud. Trend Micro will also combine current and acquired capabilities to create a Network Defense business unit, serving more than 3,500 enterprise customers announced the press release.
Today’s “borderless” enterprises are barraged by increasingly complex threats, and organizations must be prepared to efficiently prevent, detect and respond to modern threats that circumvent traditional security. This is compounded by the increase of targeted attacks and advanced threats that bypass traditional controls, leveraging internal networks to access and monetize sensitive data, communications and intellectual property.
“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,” said Eva Chen, CEO, Trend Micro.
Since 2014, Trend Micro and TippingPoint have had a strategic partner relationship. HP and Trend Micro will continue to be strong partners post transaction. The two companies will form a strategic partnership with TippingPoint around re-sale, managed services and OEM activities, as well as security intelligence, app security and data security.
“This acquisition complements Trend Micro’s current threat defense expertise, extending its strength in endpoint, cloud, data center and breach detection to the network,” said Mike Spanbauer, vice president of research, NSS Labs. “By combining two strong brands, this move accelerates Trend Micro’s enterprise position into a non-competing segment, and provides a single, complete threat defense solution for enterprises seeking to make a critical security investment.”