3Com completes acquisition of TippingPoint Technologies

3Com has announced that it has completed the acquisition of TippingPoint Technologies, Inc, located in Austin, Texas in the US. TippingPoint is a leading provider of intrusion prevention systems (IPS) that deliver in-depth application protection, infrastructure protection and performance protection.

As part of 3Com, TippingPoint accelerates the company`s strategy for delivering secure, converged networks to enterprises of all sizes, and will expand its product portfolio with the addition of these award-winning intrusion prevention systems.

"The acquisition of TippingPoint now enables us to provide an even more comprehensive product portfolio, offering local enterprises of all sizes best-in-class and open standards-based secure, converged network solutions," says Johnathene Beyers, general country manager of 3Com SA.

With the acquisition final, TippingPoint will now be known as TippingPoint, a division of 3Com, and will maintain its principal base of operations in Austin, Texas. TippingPoint`s organisational structure will remain the same with TippingPoint CEO Kip McClanahan reporting to 3Com CEO Bruce Claflin as president of the TippingPoint division.

As a division of 3Com, TippingPoint is poised to continue its aggressive growth rate and benefit from 3Com`s global support, distribution channels and alliances. TippingPoint`s current sales force and channel partners will remain key elements in driving the division`s success. 3Com`s sales force and select, qualified 3Com partners will provide additional, global reach for TippingPoint`s products.

TippingPoint is widely recognised for enterprise security expertise and innovation in best-of-breed intrusion prevention systems. The company`s in-line, high performance technologies offer network infrastructure, application and performance protection for all IP-based voice and data traffic.

"This acquisition comes on what would have been the last day of our fiscal fourth quarter. If TippingPoint had completed its quarter and fiscal year-end as a standalone company, we believe we would have delivered very strong results, results that exceeded guidance and street expectations," states McClanahan.

"We estimate that revenues for our fiscal fourth quarter through the close of the acquisition were approximately $13 million, which translates to a year-to-date performance of approximately $33 million in revenues."

Delivering these results, TippingPoint drove over 33% sequential quarterly growth through the close.