3Com Buys TippingPoint for $430 Million

3Com announced that it has reached an agreement to acquire intrusion prevention solution maker TippingPoint for approximately $430 million by paying $47 per share for the company's outstanding stock. The deal is subject to regulatory approval and is expected to close in the third quarter of 3Com's 2005 fiscal year.

TippingPoint's solutions protect performance, data and voice communications, infrastructure, and applications. TTippingPoint's technology and know-how compliment 3Com's voice over IP (VoIP) solutions.

TippingPoint CEO Kip McClanahan said, “Networking and security technologies are merging. As the market embraces the benefits of a converged networking infrastructure, there must be a shift from general purpose to purpose-built security solutions that are tightly integrated, performing at line speed and in real time. Joining our network-based IPS solution with 3Com makes this convergence of networking and security a reality.”