Trend Micro Acquires HP Tipping Point to Boost Network Defense

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This post originally appeared at The Var Guy

Security software vendor Trend Micro has acquired HP's TippingPoint business in a bid to strengthen its hold as a leading security solution provider.

The $300 million agreement will allow Trend Micro to combine its security services with HP’s network security solutions, which includes the company’s next-generation intrusion prevention systems. The deal is expected to help Trend develop a “multi-faceted” approach to security and to cement the company as a leading name in the growing cybersecurity market.

“Organizations need a layered threat defense working seamlessly across the enterprise to address threats before, during and after an attack,” said Eva Chen, CEO of Trend Micro, in a statement. “This new next-generation network defense solution combines our best-in-class network breach detection system, with proven intrusion prevention and response capabilities from TippingPoint.”

The acquisition will also give Trend Micro access to HP TippingPoint’s Digital Vaccine LABS (DVLABS) solution for real-time threat intelligence.

TippingPoint’s Zero Day Initiative will be used in tandem with the Trend Micro Smart Protection Network to speed malware detection times.

The acquisition is the latest development in Trend Micro and HP’s partnership, with the two companies having worked together since 2014, according to the announcement. Following the acquisition, both companies said they will continue to work together and will form a strategic partnership with TippingPoint around several key business areas, including resale, managed services and OEM activities.

The deal is expected to close later this year, but no official date has been announced.

This first ran at http://thevarguy.com/information-technology-merger-and-acquistion-news/102115/trend-micro-acquires-hp-tipping-point-boost-networ