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HP Reported Buying ArcSight Next

$1.5 billion would be something like a $300 million premium on ArcSight’s market cap lately
By Maureen O'Gara
Article Rating:
September 13, 2010 08:00 AM EDT
Reads:
 5,931

Fresh from its acquisition of 3PAR for $2.35 billion, HP Sunday afternoon was reported close to buying ArcSight for around $1.5 billion by the Wall Street Journal.

That would be something like a $300 million premium on ArcSight’s market cap lately.

The paper wasn’t sure of the per-share price but heard ArcSight, which closed at $35.10 Friday, was asking $42 a share. It’s supposedly been looking to sell itself to one of the big tech companies.

ArcSight, which monitors corporate networks for suspicious activity, earned $28.4 million on revenue of $181.4 million, up 33%, in the fiscal year ended April 30.

The 451 Group thinks HP may have offered $800 million for the place before it IPO’d two years ago.

Published September 13, 2010 – Reads 5,931
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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