TippingPoint

Trend Micro TippingPoint’s Intrusion Prevention System (IPS) deals with IT threat protection. Combining new application-level security practical with user awareness and inbound/outbound messaging inspection capabilities, the scalable NGIPS protects the user’s applications, network, and data from new threats. The TippingPoint NGIPS protects the user’s network from sophisticated attacks.

TippingPoint
IndustryTelecommunications hardware
Founded1999
HeadquartersAustin, Texas
Number of employees
700
ParentTrend Micro

TippingPoint now functions as a part of Trend Micro Security. Previously TippingPoint was a division of HP, part of their Enterprise Security Group. They are an American software company with roots that can be traced back to 1999 focused on network security products, particularly intrusion prevention systems for networks. TippingPoint was acquired by 3Com Corporation in 2005, and was run as an autonomous security-focused division from 2005 to 2010. On April 12, 2010, HP completed the acquisition of 3Com.[1] Until September 2011, TippingPoint was within HP Networking, the networking division of HP. It transferred to the HP Software Division.

In September 2013, HP announced that it entered the next-generation firewall market with a new line of TippingPoint firewalls. The new line extends TippingPoint's existing intrusion prevention system (IPS) appliances with traditional stateful packet filtering and application control.[2]

History

The company was founded in January 1999 under the name Shbang! in Texas.[3] Co-founders were John F. McHale, Kent A. Savage (first chief executive), and Kenneth A. Kalinoski. Its business was to develop and sell Internet appliances. In May 1999, the company changed its name to Netpliance and in November released the I-Opener, a low-cost computer intended for browsing the World Wide Web. The hardware was sold at a loss, and costs were recouped through a subscription service plan. When the device was found to be easily modded to avoid the service plan, Netpliance changed the terms of sale to charge a termination fee. In 2001, the Federal Trade Commission fined the company $100,000 for sales and billing practices.[4]

In 2002, the company discontinued operations of its internet appliance business and renamed itself TippingPoint.[5] CEO Savage was replaced by chairman of the board McHale. McHale stepped down in 2004, however remained chairman of the board. The position was filled by Kip McClanahan, former CEO of BroadJump. In January 2005, TippingPoint was acquired by the network equipment company 3Com for $442 million,[6] operating as a division of 3Com led by James Hamilton (TippingPoint President), later replaced by Alan Kessler. 3Com itself was acquired by computer manufacturer Hewlett-Packard in April 2010 for approximately $2.7 billion.[7]

On Oct 21, 2015, TippingPoint was acquired by Trend Micro for approximately $300 million.[8]

References
  1. http://newsblaze.com/story/2009111113122000001.bw/topstory.html
  2. http://searchnetworking.techtarget.com/news/22 40205649/HP-launches-Tipping-Point-firewall-with-next-generation-app-control
  3. Netpliance (March 16, 2000). "Prospectus". Form S-1/A. US Securities and Exchange Commission. Retrieved October 28, 2013.
  4. "Netpliance to pay $100,000 fine over computer ads". San Francisco Chronicle. Bloomberg Business News. 2001-07-01. Retrieved 2020-11-06.
  5. "Netpliance tries new tack to save business". CNET. 2002-01-11.
  6. 3Com buys TippingPoint
  7. HP to Acquire 3Com for $2.7 Billion
  8. Kuranda, Sarah (2015-10-21). "Trend Micro acquires HP TippingPoint for 300m". CRN. Retrieved 2016-09-13.
Notes
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