Cisco, an international company that designs, manufactures and sells networking equipment is set to acquire Sourcefire, a leader in intelligent cyber security solutions in a move that will make the cloud more secure for users.
The two organizations will merge their exquisite products, technologies and research teams to offer a nonstop and persistent advances threat protection across the entire attack range, which will cater for before, during and after an attack; and form any device to any cloud.
Mobility, cloud and the development of the “Internet of Everything” are significantly changing today’s IT security setting, making traditional contrasting products insufficient to protect organizations from dynamic threats.
Sourcefire delivers innovative, highly automated security through continuous awareness, threat detection and protection across its industry-leading portfolio, including next-generation intrusion prevention systems, next-generation firewalls, and advanced malware protection.
Now that Cisco has gotten hold of Sourcefire it will add a team with a deep security DNA to Cisco and will speed up delivery of Cisco’s security strategy of defending, discovering, and remediating advanced threats. With an up-standard research teams, increased intelligence and expanded threat protection, customers will gain from continuous security in more places across the network.
According to the agreed terms, Cisco is required to pay USD 76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for a collective purchase price of approximately USD 2.7 billion, including retention-based incentives. The acquisition has been approved by the board of directors of each company.
The acquisition process is believed to be completed by the end of this year after which Sourcefire employees will join the Cisco Security Group.