Cisco to acquire security vendor Sourcefire for $2.7 billion
Sourcefire will give Cisco 'deep security DNA,' according to the announcement
IDG News Service - Cisco is set to expand its security software portfolio with the acquisition of Sourcefire in a deal worth $2.7 billion.
The combined company will offer a product set that provides "advanced threat protection across the entire attack continuum -- before, during and after an attack -- and from any device to any cloud," Cisco said Tuesday.
Both companies' boards have approved the acquisition, which is expected to close later this year, according to Cisco's announcement.
Sourcefire has about 650 employees and reported $223.1 million in revenue during 2012. It sells products for network security and malware protection and also offers IPS (intrusion prevention systems) appliances.
The pending acquisition follows Cisco's purchase earlier this year of Cognitive Security, maker of software that employs artificial intelligence to spot threats.
Cisco has made many other security-related acquisitions in recent years. Overall, the company is looking to build out a security services platform architecture that provides a common, aggregated set of tools, said Christopher Young senior vice president, security group, during a conference call Tuesday.
In the past, "you had a point [security] product for everything you could think about," he said. "This is no longer a market where point product leadership is going to win out."
Today, "the [security] perimeter is vanishing to encompass the mobile network and the cloud," as well as other endpoints that "in many cases, the IT department no longer controls," Young said. "When this is described as a war, it's not an over-exaggeration."
Cisco was also attracted by the "vibrant open-source community" that has sprung up around Snort, the intrusion detection and prevention engine created by Sourcefire's founder and CTO, Martin Roesch, as well as Sourcefire's highly skilled team of vulnerability experts, Young said.
While there are some overlaps between Cisco and Sourcefire's products, the combined company "will offer customers a value proposition far beyond what they've got today," Young said. Further details on how the companies' respective products are to be combined will be released after the deal closes, he added.
Roesch will play a role at Cisco that covers the company's overall security portfolio, and the rest of the leadership team will also join Cisco, according to Young.
While Sourcefire has built up a commercial business around Snort, the software "will remain free" following the deal's close, Roesch said on the call.
- SIP Migration: Addressing CIOs' Concerns Recent data from IDG Research shows that many IT executives are counting on SIP to help them meet employee efficiency and customer experience...
- City Solved Network Mystery - Saves $30K The City of Jacksonville put their hunch to work and not only solved a mystery, but found a new and innovative use for...
- Using Video to Gain a Competitive Advantage: A Business Strategy for Mid-Market Companies The insights provided in this white paper are based on industry analysts and 30+ years of experience from the Video Collaboration Group at...
- Enable secure remote access to 3D data without sacrificing visual perfomance Design and manufacturing companies must adapt quickly to the demands of an increasingly global and competitive economy. To speed time to market for...
- What should I look for in a Next Generation Firewall? SANS Provides Guidance With so many vendors claiming to have a Next Generation Firewall (NGFW), it can be difficult to tell what makes each one different....
- Why Are Customers Really Deploying an NGFW? It seems every IT Security expert is talking about the NGFW, but what are people really doing? This webcast covers 5 real-world customer... All Network Security White Papers | Webcasts