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ArcSight

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ArcSight, an HP company
Company typeNow owned by Hewlett-Packard
IndustryComputer software, security management, Enterprise software
FoundedCupertino, California, USA (2000)
Headquarters
Cupertino, CA
Websitewww.arcsight.com

ArcSight, an HP company, was founded in 2000 and is a technology company that provides security information and event management (SIEM) solutions.[1] ArcSight headquarters are located in Cupertino, California, USA, with sales offices around the globe including the United States, the United Kingdom, France, Canada, Latin America, Japan and India.[2] In September 2010, HP (Hewlett Packard) announced it had signed a definitive agreement to acquire ArcSight for $43.50 per share, or approximately $1.5 billion.[3][4] On October 22, 2010, HP announced it had completed its acquisition of ArcSight.[5][6]

History

Front view of ArcSight headquarters in Cupertino, Calif.

SVIC (Silicon Valley Internet Capital), a small Internet investment firm where Robert Shaw was the Founder and CEO,[7] incubated and was the initial lead investor in ArcSight (Nasdaq: ARST), which was incorporated in May 2000 and went public in February 2008. Kleiner Perkins and In-Q-Tel, the CIA’s venture-capital arm, became co-investors in ArcSight via second and third round investments in 2002.[8] Other investors prior to ArcSight's 2008 initial public offering (IPO) included SVIC, Integral Capital Partners, Institutional Venture Partners, New Enterprise Associates, In-Q-Tel and Samsung Ventures.[9] ArcSight filed S-1 for IPO on Sept 11, 2007 (since 9/11 was a positive event for ArcSight’s business and rest of the security industry) and offered its IPO on February 14, 2008. The IPO was underwritten by Morgan Stanley & Co., Lehman Brothers, Wachovia Capital Markets, and RBC Capital Markets.[10] It was the only Silicon Valley company to enter Nasdaq in 2008, a time when few other technology companies went public with their stock.[11]

SVIC assembled the founding executive team in May 2000 that included Alex Daly as the founding CEO, who was previously CEO of Cygnus Solutions (acquired by Red Hat), Hugh Njemanze as the founding CTO,[12] who was previously the CTO at Verity, and Pravin Kothari as the founding VP of Engineering,[13] who was previously cofounder & Chief Architect of Impresse. ArcSight originally was called Wahoo Technologies, which was a temporary name for the stealth-mode startup. Original business plan and investment were driven primarily by Internet boom to build an Internet Edge caching & acceleration platform, but the company took no time to learn that dot-com market was fast evaporating. Feedback from initial prospective customers led to a shift in strategy to the development of an analysis and correlation engine for security events. The company was formally named as ArcSight in January 2001. The founding CEO Alex Daly left the company citing health reasons in July 2001, when the founding investor Robert Shaw took over the operations as the CEO. Daly remained as a major shareholder with 10.30% stake at IPO.[14] Njemanze and Kothari have registered several patents such as US7376969 - Real-time monitoring and analysis of events from multiple network security devices,[15] US7260844 - Threat detection in a network security system,[16] and US7650638 - Network security monitoring system employing bi-directional communication.[17] Pravin Kothari left in July 2005 to found Agiliance, a Security-GRC software company, which was again funded by SVIC. Tom Reilly was appointed as CEO in 2008.[18] The former CEO Robert Shaw retired from his role effective October 1, 2008, citing health reasons.

ArcSight has more than a thousand high-profile customers.[19]

Products

The ArcSight Enterprise Threat and Risk Management (ETRM) Platform is an integrated set of products for collecting, analyzing, and managing enterprise event information:

  • The company's primary revenue is derived from security management products designed for companies and large organizations—i.e. enterprise software. ArcSight Enterprise Security Manager (ESM): core analysis engine for managing threats and risks within the ArcSight platform
  • ArcSight Logger: the platform’s log storage and search solution
  • ArcSight Express: correlation and log management
  • ArcSight IdentityView: user activity monitoring
  • ArcSight Connectors: for data collection from a variety of data sources
  • ArcSight Auditor Applications: automated continuous controls monitoring

The ArcSight Platform also supports virtualized, mobile and cloud computing environments.[20]

References

  1. ^ The Register, "HP eyes $1.46bn ArcSight security buy." September 12, 2010.
  2. ^ ArcSight. The Washington Post.
  3. ^ “HP To Acquire ArcSight.” Sept. 13, 2010
  4. ^ HP to Acquire ArcSight Sept. 13, 2010
  5. ^ HP News Release. "HP Completes Acquisition of ArcSight." Oct. 2010
  6. ^ San Jose Mercury News. “Hewlett-Packard completes $1.5B ArcSight acquisition.” Russell. October 2010
  7. ^ SVIC Founder and CEO Robert W. Shaw
  8. ^ Who Is a Big Fan of ArcSight? The CIA
  9. ^ cnnmoney.com: "Early investor secures big profit on ArcSight sale." September 13, 2010.
  10. ^ silicontap: "ArcSight Prices IPO." February 14, 2008.
  11. ^ San Jose Business Journal: “Grierson helped lead ArcSight, valley's only IPO of 2008.” Tanner. Nov. 2009
  12. ^ Njemanze Job Offer signed by Wahoo’s Alex Daly
  13. ^ Profile
  14. ^ 123Jump IPO Report ARST
  15. ^ US7376969
  16. ^ US7260844
  17. ^ US7650638
  18. ^ MarketWire: “ArcSight Promotes Tom Reilly to be CEO in 2008."
  19. ^ geek.com: "HP buys security software vendor ArcSight for $1.5 billion." September 14, 2010.
  20. ^ The Street: "ArcSight Upgrades ETRM Platform For Enterprise-Wide Threat And Risk Management." September 20, 2010.
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