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by route of Liana B. Baker and Greg Roumeliotis
(Reuters) - Hewlett-Packard Co (HPQ.N) is exploring a sale of laptop network security solutions unit TippingPoint ahead of a corporate split later this yr, according to americans widely wide-spread with the remember.
inner most fairness establishments hold expressed hobby in TippingPoint, the americans spoke of this week. The unit can subsist valued at between $200 million to $300 million, the americans added.
The sources requested now not to subsist identified since the sale system is private. A spokesman for HP declined to remark.
HP is reviewing entire components of its commerce to find assets that may too no longer fit into the separate companies forward of a deliberate corporate breakup in November.
HP plans to crop up into two publicly listed organizations, one focussed on commerce know-how, utility and capabilities and one focussed on slower-starting to subsist laptop and printer companies.
"HP has been vocal about seeking to sell belongings that they accord with non-core, and that they aren't via that system yet," pointed out Brean Capital analyst Ananda Baruah.
TippingPoint, which makes hardware for companies' firewalls that give protection to their networks, competes in a crowded house against businesses akin to Palo Alto Networks Inc (PANW.N). Its expertise isn't a key piece of HP's broader security approach, which is focussed on greater sophisticated, quicker-becoming areas comparable to encryption.
earlier this 12 months, HP purchased an encryption company Voltage protection, which helps consumers protect their facts.
different security property that HP is focussed on comprise ArcSight, which screens and analyses corporate networks for breaches, as well as improve, which provides utility protection.
HP obtained TippingPoint as piece of its $2.7 billion acquisition of 3Com corporation in 2010. In might also, HP bought a controlling stake in its China-based records networking enterprise H3C technologies, a different unit of 3com, to China's Tsinghua Unigroup for $2.3 billion.
(Reporting through Liana B. Baker and Greg Roumeliotis in new york; editing through Lisa Shumaker)
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