It’s a done deal. Trend Micro said on Wednesday that it has completed its $300 million acquisition of the TippingPoint network security portfolio from Hewlett Packard Enterprise (HPE).
Under the terms of the agreement, which was first announced in October 2015, Trend Micro has acquired the security technology, intellectual property, personnel, and enterprise customers connected to TippingPoint products.
Trend Micro TippingPoint now includes the threat intelligence from Digital Vaccine Labs (DVLabs), as well as the the Zero Day Initiative (ZDI), the bounty program that rewards independent security researchers to identify previously unknown (zero-day) vulnerabilities in software.
While TippingPoint products, which include intrusion prevention systems (IPS) and integrated network security solutions, have been challenged by fierce competition in the network security space, Trend Micro said it would combine the capabilities of TippingPoint technology with its network defense business unit for enhanced protection.
“We are very excited to see this agreement come to fruition as it demonstrates our ongoing commitment to enterprise security,” said Eva Chen, CEO of Trend Micro.
Trend Micro and ZDI are also the co-sponsors of Pwn2Own, a hacking competition that gathers security researchers to identify vulnerabilities in popular software platforms. As usual, Pwn2Own 2016 will take place alongside the CanSecWest conference in Vancouver, Canada. The competition, scheduled for March 16-17, invites researchers to hack Google Chrome, Microsoft Edge, Adobe Flash, Apple Safari and, for the first time, VMware Workstation.
HP got its hands on the TippingPoint product line through its $2.7 billion acquisition of 3Com Corporation back in 2010. 3Com originally paid $430 million in stock to acquire TippingPoint Technologies in 2004.