TippingPoint

TippingPoint
TippingPoint
Type Division
Industry Telecommunications hardware
Founded 1999
Headquarters Austin, Texas
Key people Alan Kessler
Employees 320
Parent Hewlett-Packard
Website http://www.tippingpoint.com/

TippingPoint was an American software company with roots 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 12 April 2010, Hewlett-Packard completed a previously announced[1] acquisition of 3Com. Today, TippingPoint is an entity within HP Networking, the networking division of HP.

History

  • The company that later became TippingPoint was founded in 1999 under the name Shbang!.[2] . Its business was to develop and sell internet appliances.
  • In 1999, the company changed its name to Netpliance and released the I-Opener, a low-cost computer intended to be used for internet browsing. The product became an infamous collector's item in 2000 when a Las Vegas engineer, Ken Segler, discovered a method to install an alternative operating system on the device.
  • In 2001, the company was fined by the Federal Trade Commission for $100,000 for sales and billing practices.
  • In 2002, the company discontinued operations of its internet appliance business to focus on network security products under the new name TippingPoint. CEO Kent Savage was replaced by chairman of the board John McHale.
  • As TippingPoint, the company invented the first[dubious – discuss] Intrusion-prevention system[3].
  • CEO John 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,[4] 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 2010 for approximately $2.7 billion dollars. [5]

References

  1. ^ http://newsblaze.com/story/2009111113122000001.bw/topstory.html
  2. ^ Tipping Point 2001 10-Q
  3. ^ TippingPoint Technologies Announces Availability of UnityOne(TM) Active Network-Defense System
  4. ^ 3Com buys TippingPoint
  5. ^ HP to Acquire 3Com for $2.7 Billion

External links


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