Trend Micro, the device security solutions company, has announced that an agreement to acquire Hewlett-Packard’s TippingPoint has been entered into. The deal will be worth roughly US$300 million.

TippingPoint is HP’s network security business, which develops intrusion prevention software and network security solutions including perimeter defense and firewalls.

The deal takes with it TippingPoint’s Digital Vaccine LABS threat intelligence data and HP’s Zero Day Initiative security team. Trend Micro also acquires TippingPoint’s security product portfolio, intellectual property and its current enterprise customer base.

This deal was made following HP’s corporate split announced early this month. The tech company will be separated into two units, one focusing on its enterprise while the other focusing on PCs and printers.

With this divorcing of interests at HP, TippingPoint’s business is no longer a fit with the new corporate structure of the company.

HP says it has decided to partner up with Trend Micro as opposed to becoming the owner so it can invest in other areas of its security portfolio.

With TippingPoint onboard, Trend Micro has its eyes on becoming the go-to enterprise security provider for defense solutions covering endpoints, network, datacenter and the cloud.