Trend Micro inked a deal to acquire Hewlett-Packard’s TippingPoint network security segment for about $300 million and will operate the unit independently with plans to eventually fully integrate it into the parent company at a later date.
The internet security firmed reported on October 21 that it had signed a definitive agreement to buy HP’s TippingPoint, a provider of intrusion prevention systems and related network security solutions, to help bolster Trend Micro contain sophisticated attacks and to deal mitigate the situation if a compromise should occur.
The deal, which must pass the regulatory review process, is expected close by the end of 2015. When finalized TippingPoint will be called “TippingPoint a Trend Micro company” and operate independently, a Trend Micro spokesperson told SCMagazine.com in an email Thursday. However, Trend Micro confirmed it will only operate Tipping Point independently until it is fully absorbed. In addition, the TippingPoint point brand will be maintained post merger.
Trend Micro’s Steve Quane, executive vice president for network defense, has been appointed lead executive to will work with the TippingPoint team helping to integrate that company into Trend Micro.
This deal makes permanent the strategic partnership that Tipping Point and Trend Micro have been involved in since 2014. Trend Micro said it will continue to work with HP on re-sale, managed services, OEM activities, as well as security intelligence, app security and data security.