Cisco today announced it has completed the acquisition of Sourcefire, an intelligent cybersecurity solutions company.
In a statement, Cisco said that 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 that are integrated, pervasive, continuous and open.
“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 analyzing the mindset of the attackers,” said Christopher Young, senior vice president, Cisco Security Group. “Cisco’s portfolio of integrated solutions support this focus by delivering unmatched visibility and continuous advanced threat protection, allowing customers to act smarter and more quickly — before, during, and after an attack.”
Cisco 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.
Under the terms of the agreement, Cisco is paying $76 per share in cash in exchange for each share of Sourcefire or a total purchase price of approximately $2.7 billion, including retention-based incentives. Cisco expects the acquisition to be slightly dilutive to non-GAAP earnings in fiscal year 2014 due to normal purchase accounting adjustments and integration costs. All shares of Sourcefire are expected to be delisted from the NASDAQ stock market by the close of business today.
