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Hewlett-Packard buying ArcSight for $1.5 billion

Hewlett-Packard buying ArcSight for $1.5 billion

Hewlett-Packard Co. has agreed to buy the security software provider ArcSight for about $1.5 billion, the company said Monday as it extends a recent spree of acquisitions.

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The deal is part of a strategy begun under former CEO Mark Hurd, with the company looking to grow outside the low-margin personal computer market. It agreed to buy the data-storage maker 3Par for $2.07 billion just a few weeks ago after a bidding war with rival Dell Inc.

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The acquisitions have continued even after Hurd’s departure. He was forced to resign last month after an internal investigation found that he faked expense reports to cover up a relationship with an outside contractor. HP is suing Hurd, who has denied the allegations, to keep him out of a job at rival Oracle Corp.

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