ArcSight
{{Short description|Cyber security product}}
{{Use mdy dates|date=March 2022}}
{{Infobox company
| name = ArcSight, Inc.
| logo = ArcSight logo.svg
| image = ArcSightBuilding.jpg
| successor = Acquired by Hewlett-Packard in 2010; became a subsidiary of Hewlett Packard Enterprise; sold to Micro Focus in 2016 and then OpenText in 2023
| industry = Computer software, Cyber security management, Enterprise software
| founded = 2000
| defunct = 2010
| key_people = Alex Daly (founding CEO)
Hugh Njemanze (founding CTO)
| website = {{URL|www.microfocus.com/arcsight}}
}}
ArcSight, Inc. was an American software company that provided security management and compliance software packages for enterprises and government agencies. The company was acquired by Hewlett-Packard (HP) in 2010. When HP split into two companies, HP Inc. and Hewlett Packard Enterprise, HP's ArcSight subsidiary was transferred to the latter company. HPE later sold the ArcSight subsidiary to Micro Focus.{{Cite news|date=2017-09-01|title=Hewlett Packard Enterprise to complete software spin-off|language=en|work=Reuters|url=https://www.reuters.com/article/us-hewlett-packard-spinoff-idUSKCN1BC40S|access-date=2021-12-14}} OpenText acquired Micro Focus (including ArcSight) in 2023.
ArcSight by OpenText is a cybersecurity product, first released in 2000, that provides big data security analytics and intelligence software for security information and event management (SIEM) and log management.{{Cite news |title= HP eyes $1.46bn ArcSight security buy: Hey, Dell. Wanna bid higher? |date= September 12, 2010 |author= Timothy Prickett Morgan |work= The Register |url= https://www.theregister.co.uk/2010/09/12/hp_arcsight_rumor/ |accessdate= October 9, 2013 }} ArcSight is designed to help customers identify and prioritize security threats, organize and track incident response activities, and simplify audit and compliance activities.
History
ArcSight was incorporated in May 2000, and was initially headquartered in Cupertino, California. Alex Daly was the founding CEO and Hugh Njemanze was the founding CTO.{{Cite web |title= Njemanze Job Offer |work= Sample Business Contracts |date= June 1, 2000 |author= Alex Daly |publisher= Onecle |url= http://contracts.onecle.com/arcsight/njemanze-emp-2000-06-01.shtml |accessdate= October 9, 2013 }}
Pravin Kothari was the founding Vice President of Engineering.{{Cite web |title= Executive Profile & Biography - Businessweek |work= Executive Profile |publisher= Bloomberg Businessweek |url= http://investing.businessweek.com/research/stocks/private/person.asp?personId=20874710|accessdate= July 21, 2014 }}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}
Pat Figley was the first Director of Sales. ArcSight originally was called Wahoo Technologies.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1368582/000089161808000093/f37113b4e424b4.htm|title=e424b4|website=www.sec.gov|access-date=2020-04-22}}
The original business plan was to build a caching and acceleration platform, though, through customer interviews and after getting feedback from prospective customers, Pat Figley identified the problem in the industry of "too much data" and the founders shifted their strategy to provide security events analysis and correlation. The company was formally named ArcSight in January 2001.
In July 2001, Alex Daly was succeeded by Robert Shaw as CEO. ArcSight filed for initial public offering on September 11, 2007 and offered its shares on February 14, 2008 under symbol ARST.{{Cite web |title= Prospectus |work= Form S-1 |publisher= US Securities and Exchange Commission |date= December 7, 2007 |url= https://www.sec.gov/Archives/edgar/data/1368582/000095013407025096/f28075a4sv1za.htm |accessdate= October 9, 2013 }}[http://www.silicontap.com/arcsight_prices_ipo/s-0013768.html silicontap: "ArcSight Prices IPO." February 14, 2008.]
It was the only Silicon Valley company to enter Nasdaq in 2008, during the Great Recession when few other technology companies went public.[http://www.bizjournals.com/sanjose/stories/2009/11/23/focus2.html?b=1258952400%5e2484811 San Jose Business Journal: “Grierson helped lead ArcSight, valley's only IPO of 2008.” Tanner. Nov. 2009]
Tom Reilly was appointed as CEO in 2008.[http://www.marketwire.com/press-release/ArcSight-Promotes-Tom-Reilly-to-CEO-NASDAQ-ARST-898173.htm MarketWire: “ArcSight Promotes Tom Reilly to be CEO in 2008."] Robert Shaw retired effective October 1, 2008, citing health reasons.
In September 2010, HP announced an agreement to acquire ArcSight for approximately $1.5 billion.[http://www.thestreet.com/story/10858380/2/hp-to-acquire-arcsight.html “HP To Acquire ArcSight.” Sept. 13, 2010][http://www.hp.com/hpinfo/newsroom/press/2010/100913xa.html HP to Acquire ArcSight Sept. 13, 2010] ArcSight launched version 5.0 of its Logger and ESM technology, as well as IdentityView 2.0.{{Cite news|url=https://www.scmagazineuk.com/arcsight-announces-new-versions-of-esm-and-logger-technology/article/561109/|title=ArcSight announces new versions of ESM and Logger technology|date=2010-09-20|work=SC Media UK|access-date=2018-06-26|language=en}} On October 22, 2010, it completed its acquisition.[http://www.hp.com/hpinfo/newsroom/press/2010/101022a.html HP News Release. "HP Completes Acquisition of ArcSight." Oct. 2010][http://www.mercurynews.com/breaking-news/ci_16406958?nclick_check=1 San Jose Mercury News. “Hewlett-Packard completes $1.5B ArcSight acquisition.” Russell. October 2010]
ArcSight said it had more than a thousand customers at that time.{{Cite web |url=http://www.geek.com/articles/news/hp-buys-security-software-vendor-arcsight-for-1-5-billion-20100914/ |title=geek.com: "HP buys security software vendor ArcSight for $1.5 billion." September 14, 2010. |access-date=February 26, 2011 |archive-date=July 11, 2011 |archive-url=https://web.archive.org/web/20110711082113/http://www.geek.com/articles/news/hp-buys-security-software-vendor-arcsight-for-1-5-billion-20100914/ |url-status=dead }}
On September 7, 2016, HPE CEO Meg Whitman announced that the software assets of Hewlett Packard Enterprise, including Arcsight and the rest of the HP Enterprise Security Products group, would be spun out and then merged with Micro Focus to create an independent company of which HP Enterprise shareholders would retain majority ownership. Micro Focus CEO Kevin Loosemore called the transaction "entirely consistent with our established acquisition strategy and our focus on efficient management of mature infrastructure products" and indicated that Micro Focus intended to "bring the core earnings margin for the mature assets in the deal - about 80 percent of the total - from 21 percent today to Micro Focus's existing 46 percent level within three years."{{cite web |url=https://www.reuters.com/article/us-hpenterprise-software-microfocus-idUSKCN11D2EU |title=HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets |work=Reuters |date=2016-09-08 |last1=Sandle |first1=Paul |last2=Baker |first2=Liana B. |accessdate=2016-09-13}} The merge concluded on September 1, 2017.
As of January 2019, the ArcSight portfolio has released ArcSight ESM version 7.0, ArcSight Express version 5.0, Arcsight Investigate version 2.20, and ArcSight Data Platform version 2.31 (including ArcSight's Logger, ArcMC and Event Broker technology).{{Citation needed|date=June 2022}}
On February 14, 2019, Micro Focus announced it had acquired Interset, a security analytics software company that provides cyber-threat protection, and announced plans to use Interset's technology to add additional value to Micro Focus ArcSight.{{Cite news |title= Micro Focus Completes Acquisition of Interset to Further Expand Cyber-Security Expertise |date= February 14, 2019 |work= Micro Focus Press Release |url= https://www.microfocus.com/about/press-room/article/2019/micro-focus-completes-acquisition-of-interset-to-further-expand-cyber-security-expertise/ }}
References
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{{HP}}
{{OpenText}}
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Category:Computer security software companies
Category:Hewlett-Packard acquisitions
Category:Software companies based in California
Category:Companies based in Sunnyvale, California