Trend Micro International signed a definitive agreement to acquire HP TippingPoint, a next-generation intrusion prevention systems (NGIPS) and related network security solutions company.
The approximately US$300 million agreement encompasses security technology, intellectual property, industry expertise, as well as a large, loyal enterprise customer base. Via the deal, Trend Micro said it will combine current and acquired capabilities to create a Network Defense business unit, serving more than 3,500 enterprise customers.
By combining intrusion prevention and breach detection, Trend Micro is creating a multi-faceted approach to contain sophisticated attacks. Should a compromise occur, the solution can swiftly detect and mitigate exploits within the network that could inflict further damage, it said.
Since 2014, Trend Micro and TippingPoint have had a strategic partner relationship. HP and Trend Micro will continue to be strong partners post transaction, Trend Micro said. 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.
In addition to network security, the agreement includes the threat insight and expertise of TippingPoint’s Digital Vaccine LABS (DVLABS), that provides real-time threat intelligence with innovative security filters to analyze vulnerabilities and exploits.
The deal is expected to be finalized by the end of the fourth quarter of 2015, subject to customary closing conditions and regulatory review requirements.