HP Buying ArcSight for $1.5 Billion

Hewlett-Packard announced Monday that it has agreed to purchase security vendor ArcSight for US$1.5 billion. The deal is expected to close by the end of the year

Executives are planning to discuss the purchase further during a conference call Monday morning.

(More to follow)

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com