Very unusual, security software company ArcSight has put itself up for sale with a $1.5 billion price tag. The tactic of ‘asking’ for bids is 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.
The report comes form TechWorld via the Wall Street Journal. To put this into perspective, as recently as 25 August the company’s share price was trading at around $28, and this pricetag places its value at about $36. The Journal speculates that HP, EMC, Oracle and CA are possible bidders. There are only a handful of companies that could come close to meeting the price tag. Security companies are suddenly popular buys, appearing relatively cheap to larger companies coming to the realization that security is one set of technologies that enterprise vendors can no longer be without.