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HP seeks to sell cyber security unit TippingPoint - sources

by Liana B. Baker and Greg Roumeliotis

(Reuters) - Hewlett-Packard Co (HPQ.N) is exploring a sale of computing device community protection solutions unit TippingPoint forward of a corporate break up later this yr, in line with people popular with the be counted.

inner most equity organisations have expressed pastime in TippingPoint, the individuals pointed out this week. The unit can be valued at between $200 million to $300 million, the people added.

The sources asked not to be identified because the sale method is exclusive. A spokesman for HP declined to comment.

HP is reviewing all materials of its company to find property that can also now not healthy into the separate groups forward of a planned corporate breakup in November.

HP plans to cut up into two publicly listed groups, one focussed on commercial enterprise know-how, application and services and one focussed on slower-starting to be desktop and printer agencies.

"HP has been vocal about seeking to promote belongings that they agree with non-core, and that they don't seem to be through that procedure yet," stated Brean Capital analyst Ananda Baruah.

TippingPoint, which makes hardware for groups' firewalls that protect their networks, competes in a crowded house towards companies such as Palo Alto Networks Inc (PANW.N). Its technology is not a key a part of HP's broader protection strategy, which is focussed on greater refined, sooner-turning out to be areas corresponding to encryption.

prior this 12 months, HP bought an encryption company Voltage safety, which helps purchasers offer protection to their statistics.

different protection property that HP is focussed on consist of ArcSight, which screens and analyses corporate networks for breaches, as well as reinforce, which provides utility safety.

HP acquired TippingPoint as part of its $2.7 billion acquisition of 3Com corporation in 2010. In may additionally, HP bought a controlling stake in its China-primarily based information networking enterprise H3C applied sciences, one other unit of 3com, to China's Tsinghua Unigroup for $2.three billion.

(Reporting through Liana B. Baker and Greg Roumeliotis in manhattan; editing by Lisa Shumaker)


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