Cisco to Buy Sourcefire, a Cybersecurity Company, for $2.7 Billion

[InfoSec News <alerts () infosecnews org>]

http://dealbook.nytimes.com/2013/07/23/cisco-to-buy-sourcefire-a-cybersecurity-company-for-2-7-billion/

BY MICHAEL J. DE LA MERCED
Dealbook
The New York Times
July 23, 2013

Cisco Systems agreed on Tuesday to buy Sourcefire, a provider of 
cybersecurity services, for about $2.7 billion in cash, in a reflection of 
the growing fervor for companies that can help guard against 
computer-based attacks.

Under the terms of the deal, Cisco will pay $76 a share in cash, nearly 30 
percent higher than Sourcefire’s closing price on Monday. The offer 
includes retention-based incentives for Sourcefire’s executives.

The deal is Cisco’s biggest since its $5 billion acquisition of NDS Group 
Ltd. last year.

Sourcefire, founded in 2001, has grown into a major cybersecurity provider 
-- one that has rejected numerous takeover bids through the years. Last 
year, the company reported $5 million in profit on revenue $223.1 million.

[...]

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