Trend Micro agreed to acquire HP TippingPoint, a leading provider of next-generation intrusion prevention systems (NGIPS) and related network security solutions, for approximately $300 million.
The deal encompasses security technology, intellectual property, industry expertise, as well as a large, loyal enterprise customer base.
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.
Trend Micro said the acquisition positions it 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.
“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.”
