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Cisco buys security vendor for US$2.7 billion

Cisco Systems Inc. recently announced the purchase of cybersecurity services vendor SourceFire.


August 1, 2013  


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Cisco Systems Inc. recently announced the purchase of cybersecurity services vendor SourceFire.

According to Cisco, mobility, cloud and the evolution of the “Internet of Everything” are drastically changing today’s IT security landscape, making traditional disparate products insufficient to protect organizations from dynamic threats. Sourcefire’s portfolio includes intrusion prevention systems, firewalls and advanced malware protection.

Under the terms of the agreement, Cisco will pay US$76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for an aggregate purchase price of approximately US$2.7 billion, including retention-based incentives. The acquisition has been approved by the board of directors of each company.