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(Reuters) - Hewlett-Packard Co (HPQ.N) is exploring a sale of desktop community safety solutions unit TippingPoint ahead of a company split later this year, in response to americans popular with the count number.
The Hewlett-Packard (HP) logo is considered as a part of a reveal on the Microsoft Ignite expertise conference in Chicago, Illinois, may four, 2015. REUTERS/Jim younger
deepest equity establishments have expressed activity in TippingPoint, the people said this week. The unit can be valued at between $200 million to $300 million, the individuals introduced.
The sources asked now not to be identified because the sale procedure is exclusive. A spokesman for HP declined to remark.
HP is reviewing all parts of its business to locate belongings that may not healthy into the separate corporations forward of a planned corporate breakup in November.
HP plans to cut up into two publicly listed companies, one concentrated on business technology, utility and functions and one focused on slower-turning out to be desktop and printer organizations.
“HP has been vocal about seeking to sell belongings that they consider non-core, and that they don't seem to be through that technique yet,” said Brean Capital analyst Ananda Baruah.
TippingPoint, which makes hardware for agencies’ firewalls that protect their networks, competes in a crowded space towards companies reminiscent of Palo Alto Networks Inc (PANW.N). Its know-how is not a key a part of HP’s broader safety approach, which is focused on more refined, faster-transforming into areas similar to encryption.
previous this 12 months, HP purchased an encryption company Voltage security, which helps customers give protection to their records.
other protection property that HP is concentrated on include ArcSight, which displays and analyzes company networks for breaches, as well as toughen, which gives utility security.
HP obtained TippingPoint as part of its $2.7 billion acquisition of 3Com agency in 2010. In might also, HP sold a controlling stake in its China-primarily based data networking enterprise H3C applied sciences, one more unit of 3com, to China’s Tsinghua Unigroup for $2.three billion.
Reporting by means of Liana B. Baker and Greg Roumeliotis in long island; enhancing by way of Lisa Shumaker
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