Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Cisco completes acquisition of Sourcefire

Zafar Anjum | Oct. 8, 2013
All shares of Sourcefire are expected to be delisted from the NASDAQ stock market by the close of business today.

Cisco has completed the acquisition of Sourcefire, the networking giant announced today.

Sourcefire is a leader in intelligent cyber security solutions, best known for the open source IDS tool Snort. In July, Cisco had announced its move to acquire Sourcefire for a total purchase price of roughly US$2.7 billion.

With the close of this acquisition, Cisco will provide one of the industry's most comprehensive advanced threat protection portfolios, as well as a broad set of enforcement and remediation options, the company said in a statement.

"To truly protect against all possible attack vectors, our focus is to examine the nature of modern networked environments and devices and to defend them by deeply understanding and analysing the mindset of the attackers," said Christopher Young, senior vice president, Cisco Security Group.

According to Cisco, its and Sourcefire customers will benefit from Cisco's commitment to drive forward both the ASA and FirePOWER platforms. Cisco is also committed to open source innovation and will continue to support Snort, ClamAV and other open source projects.

With the completion of the transaction, Sourcefire employees join the Cisco Security Group led by Young. Additionally, Martin Roesch, founder and chief technology officer of Sourcefire, becomes vice president and chief architect for Cisco's Security Group reporting directly to Young.

All shares of Sourcefire are expected to be delisted from the NASDAQ stock market by the close of business today.

 

Sign up for CIO Asia eNewsletters.