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.
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.
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.