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