Cisco to acquire cybersecurity firm Sourcefire for US$2.7bn

24 Jul 2013

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Networking equipment maker Cisco is to acquire cybersecurity solutions player Sourcefire for about US$2.7bn to boost its network security offerings.

Under the deal, the two companies will combine their products, technologies and research teams to provide threat protection before, during and after an attack, from any device to any cloud.

“Sourcefire aligns well with Cisco’s future vision for security and supports the key pillars of our security strategy,” said Hilton Romanski, vice-president, Cisco Corporate Development.

“Through our shared view of the critical role the network must play in cybersecurity and threat defence, we have a unique opportunity to deliver the most comprehensive approach to security in the market,” said Romanski.

Upon the close of the acquisition, which is expected later this year, Sourcefire employees will join the Cisco Security Group.

Tina Costanza was a journalist and sub-editor at Silicon Republic