As Hewlett-Packard’s split nears, the company is divesting its TippingPoint network security business unit, no longer considered to be core to Hewlett Packard Enterprise’s mission.
Late last week, just ahead of HP’s historic corporate split, the company announced that it is selling TippingPoint to Trend Micro in a deal valued at US$300 million.
It’s the third time in a just over a decade that the network security vendor has had a new owner. Networking vendor 3Com acquired TippingPoint in December 2004, and HP bought 3Com in 2010, eWeek reports.
Trend Micro aims to combine some of its existing assets with the TippingPoint technologies to build a new Network Defence business unit.