Security software provider Trend Micro International completed its $300 million acquisition of TippingPoint from Hewlett Packard Enterprise [HPE] during the week of Feb. 29, providing it with a more comprehensive suite of cyber security products.
TippingPoint provides intrusion prevention systems and integrated network security solutions and adds a large enterprise customer base.
The acquisition “demonstrates our ongoing commitment to enterprise security,” Eva Chen, Trend Micro’s CEO, said in a statement. “With the addition of TippingPoint, Trend Micro provides customers with the unmatched ability to respond to known and unknown threats, exploits and vulnerabilities across the entire attack lifecycle. Trend Micro is now in a unique position to deliver these integrated, layered capabilities to address the complex network security challenges facing global companies today.”
Trend Micro is combining its existing capabilities and those of TippingPoint into a network defense business that serves more than 3,500 customers.
Trend Micro, which is headquartered in Japan and has a major presence in the United States, said it will maintain a strong partnership with HP with TippingPoint around resale, managed services and OEM activities.
TippingPoint’s key capabilities include its Zero Day Initiative that can disclose zero day vulnerabilities, network security tools, and Digital Vaccine LABS, which provides real-time threat intelligence with security filters to analyze vulnerabilities and exploits.
Trend Micro had $1 billion in sales in 2015.