Shearman And Sterling

News October 21, 2015

Shearman & Sterling Advises Trend Micro in Acquisition of HP's TippingPoint Business

Shearman & Sterling is advising Trend Micro International in its acquisition of Hewlett-Packard Company's TippingPoint business in a transaction valued at $300 million. The deal is expected to be finalized by the end of the fourth quarter of 2015, subject to customary closing conditions and regulatory review requirements.

Trend Micro International, a global leader in security software, strives to make the world safe for exchanging digital information. Built on 26 years of experience, Trend Micro’s solutions for consumers, businesses and governments provide layered data security to protect information on mobile devices, endpoints, gateways, servers and the cloud. Trend Micro enables the smart protection of information, with innovative security technology that is simple to deploy and manage, and fits an evolving ecosystem.

Hewlett-Packard Company's TippingPoint Business is a leading provider of next-generation intrusion prevention systems (NGIPS) and related network security solutions.

The Shearman & Sterling team included partners Steve Camahort and Dana Kromm and associate Christine Huang (all San Francisco-Mergers & Acquisitions), as well as partners Larry Crouch (Menlo Park-Tax) and Richard Hsu (Menlo Park-Intellectual Property Transactions); counsel Daniel Stellenberg (Menlo Park-Compensation, Governance & ERISA); and associates Ryan Bray (Menlo Park-Tax), Benjamin Petersen (Menlo Park-Intellectual Property Transactions), Mark Langer (Menlo Park-Intellectual Property Transactions), Kelly Karapetyan (New York-Antitrust) and Francisco Cebada (New York-Compensation, Governance & ERISA).