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Showing The Prominence Of Cyber Defense, Cisco To Buy Cybersecurity Company SourceFire For $2.7 Billion

by Marc Winger

At the end of July 2013, Cisco Systems agreed to buy Sourcefire, a key provider of cybersecurity services, for about $2.7 billion in cash. Reported in The New York Times and The Wall Street Journal, the acquisition reflects the growing fervor for cyber defense and the rising value of companies that can help guard against computer-based attacks. As a major Orange County provider of IT solutions and cybersecurity, Zephyr Networks  believes the efforts of major players in the technological industry to provide cybersecurity is only just beginning. Unlike the corporate giants, however, Zephyr Networks is able to deliver IT solutions and cybersecurity to small to mid-sized Orange County businesses with a desire to connect with the human face of their cyber defense.

Cybersecurity Equals Big Business

Under the terms of the mega deal, Cisco will pay $76 a share in cash, nearly 30 percent higher than Sourcefire’s closing price on Monday. The offer includes retention-based incentives for Sourcefire’s executives. Founded in 2001, Sourcefire has grown into a major cybersecurity provider. In 2012, the company reported $5 million in profit on revenue $223.1 million. Shares in Sourcefire climbed about 29 percent in premarket trading, to $76.40, over the deal price, in a potential sign that investors might be expecting a bidding war. After all, quality cybersecurity providers on the level of Sourcefire are few and far between, and there might be other bidders coming to the table.

cybersecurity, cyber defense, it solutions

Sourcefire & The Importance of Cybersecurity

In a statement, Cisco said that adding Sourcefire would take it’s portfolio of security offerings to the next-generation of excellence. “Buy has always been a key part of our build-buy-partner innovation strategy,” said Hilton Romanski, a Cisco vice president for corporate development. “Sourcefire aligns well with Cisco’s future vision for security and supports the key pillars of our security strategy.” Without question, the acquisition of Sourcefire is symbolic of the primary role that Cyber Defense has ascended to in the arena of business, technology and security.

Zephyr Networks & Affordable Cybersecurity

The focus of the work of Zephyr Networks  the IT stability and cybersecurity of our client company. If you want to find out how our IT solutions can help your company and ensure your cybersecurity , please contact Zephyr Networks today. To learn more about cybersecurity strategies that are affordable and actually work, call Zephyr toll free at (800) 884-7559 or fill out our handy contact form.