HP looking to sell off the cyber confidence unit: Report

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Hewlett-Packard Co (HPQ.N) is exploring a sale of mechanism network confidence solutions section TippingPoint forward of a corporate apart after this year, according to people informed with a matter.

Private equity firms have voiced seductiveness in TippingPoint, a people pronounced this week. The section could be valued during between $200 million to $300 million, a people added.



The sources asked not to be identified since a sale routine is confidential. A orator for HP declined to comment.

HP is reviewing all tools of a business to find resources that might not fit into a apart companies forward of a designed corporate dissection in November.

HP skeleton to apart into dual publicly listed companies, one focused on craving technology, program and services and one focused on slower-growing mechanism and printer businesses.

“HP has been outspoken about looking to sell resources that they cruise non-core, and that they are not by that routine yet,” pronounced Brean Capital researcher Ananda Baruah.

TippingPoint, that creates hardware for companies’ firewalls that strengthen their networks, competes in a swarming space opposite companies such as Palo Alto Networks Inc (PANW.N). Its record is not a pivotal partial of HP’s broader confidence strategy, that is focused on some-more sophisticated, faster-growing areas such as encryption.

Earlier this year, HP bought an encryption association Voltage Security, that helps business strengthen their data.

Other confidence resources that HP is focused on embody ArcSight, that monitors and analyzes corporate networks for breaches, as good as Fortify, that provides focus security.

HP acquired TippingPoint as partial of a $2.7 billion merger of 3Com Corporation in 2010. In May, HP sole a determining interest in a China-based information networking business H3C Technologies, another section of 3com, to China’s Tsinghua Unigroup for $2.3 billion.