ArcSight for sale for US$1.5 billion

Security vendor announces it is up for grabs

In an unusual move, security software company ArcSight has reportedly put itself up for sale with a US$1.5 billion (£966 million) price tag.

If correct — the report comes via the Wall Street Journal — the price would be a premium above the company's current share price of $36, or less than a billion dollars market cap.

The intrusion detection and Security Information and Event Management (SIEM) company raised $50 million during its IPO in February 2008 when the share price was set at $9.

Security companies have become popular buys, possibly because they appear relatively cheap to larger companies gripped by the belief that security is one set of technologies that enterprise vendors can no longer afford to be without.

The tactic of 'asking' for bids looks unusual, possibly a sign that ArcSight believes it can get better offers with a little publicity. In fact, many companies tout themselves as open to bids before being sold.

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