3Com to Acquire IPS Vendor TippingPoint
Continuing the consolidation trend in the intrusion prevention market, 3Com agrees to buy TippingPoint Technologies for $430 million in cash.The consolidation continues in the intrusion prevention system market, as 3Com Corp. announced Monday that it has agreed to acquire IPS vendor TippingPoint Technologies Inc. for $430 million in cash. The purchase positions 3Com to remain competitive with rivals such as Cisco Systems Inc. and Juniper Networks Inc., both of which have made IPS acquisitions and are working to integrate those products into their respective portfolios. And the big security vendors, most notably McAfee Inc., have moved quickly to secure their places in the IPS market, as well.
TippingPoints UnityOne in-line IPS is regarded within the security community as one of the more accurate and perhaps the fastest intrusion prevention appliance on the market. The company, based in Austin, Texas, was a part of a small group of startups that helped define the IPS market during the last three years. The success that companies such as TippingPoint, Entercept Security Technologies, IntruVert Networks Inc. and Lancope Inc. had in attracting large enterprise and government customers got the attention of the larger vendors, and the feeding frenzy began in earnest in 2003.