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Cisco to buy Sourcefire for USD 2.7 billion
2013-07-23 15:12:00| Telecompaper Headlines
(Telecompaper) Cisco has agreed to acquire the network security specialist Sourcefire for USD 2.7 billion. Sourcefire's board has approved the offer of USD 76 per share plus a buy-out of outstanding staff equity and retention awards. Sourcefire's products include intrusion prevention systems, firewalls and protection against malware, helping deliver automated security to identify and remediate threats across the network. The acquisition is expected to close during the second half of 2013, subject to regulatory reviews. Cisco expects the acquisition to be slightly dilutive to its adjusted earnings in fiscal 2014 due to purchase accounting adjustments and integration costs. Upon completion of the transaction Sourcefire employees will join the Cisco Security Group led by Christopher Young. Sourcefire was founded in 2001 and completed its initial public offering in 2007. The company is based in Maryland and has more than 650 employees worldwide. In 2012, Sourcefire reported revenue of USD 223.1 million, up 35 percent.
Cisco to acquire security vendor Sourcefire for $2.7 billion
2013-07-23 15:07:45| InfoWorld: Top News
Cisco is set to expand its security software portfolio with the acquisition of Sourcefire in a deal worth $2.7 billion. The combined company will offer a product set that provides "advanced threat protection across the entire attack continuum -- before, during and after an attack -- and from any device to any cloud," Cisco said Tuesday.
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Update: Cisco to acquire security vendor Sourcefire for $2.7 billion
2013-07-23 15:07:45| InfoWorld: Top News
Cisco is set to expand its security software portfolio with the acquisition of Sourcefire in a deal worth $2.7 billion. The combined company will offer a product set that provides "advanced threat protection across the entire attack continuum -- before, during and after an attack -- and from any device to any cloud," Cisco said Tuesday.
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Cisco CEO: We will become the No. 1 IT company
2013-07-23 12:00:00| InfoWorld: Top News
Think software-defined networking will change the industry? You're thinking way too small, according to Cisco CEO John Chambers. In Cisco's strategy, SDN is just a single element in a holistic architecture that brings intelligence, programmability and application awareness to every facet of your infrastructure and spans the data center to the cloud.
Cisco agrees to buy Sourcefire for $2.7 billion
2013-07-23 02:00:00| Total Telecom industry news
Tech giant expects acquisition of security specialist to close this year.
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