Cisco Systems agreed on Tuesday to buy Sourcefire, a provider of cybersecurity services, for about $2.7 billion in cash, in a reflection of the growing fervor for companies that can help guard against computer-based attacks.

Under the terms of the 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.
Article Tools

The deal is Cisco’s biggest since its $5 billion acquisition of NDS Group Ltd. last year.

Sourcefire, founded in 2001, has grown into a major cybersecurity provider – one that has rejected numerous takeover bids through the years. Last year, the company reported $5 million in profit on revenue $223.1 million.

In a statement, Cisco said that adding Sourcefire would give it a portfolio of next-generation security offerings.

Read the Full Story at Dealbook



Cisco SOURCEfire firePOWER 3D8250 Server Module picture
Cisco SOURCEfire firePOWER 3D8250 Server Module
$34.0


SourceFire GERY-1U-8-C-AC Xeon X3430 2.40GHz 16GB Ram 128GB SSD | 17341JL picture
SourceFire GERY-1U-8-C-AC Xeon X3430 2.40GHz 16GB Ram 128GB SSD | 17341JL
$104.97


SourceFire GERY-1U-8-C-AC Xeon X3430 2.40GHz 16GB Ram 128GB SSD | 17340JL picture
SourceFire GERY-1U-8-C-AC Xeon X3430 2.40GHz 16GB Ram 128GB SSD | 17340JL
$149.95


D85482-002 - SourceFire Hard Drive Caddy picture
D85482-002 - SourceFire Hard Drive Caddy
$27.5


CHAS-1U-AC/DC Cisco SourceFire Network Firewall 100GB SSD Intel Xeon Hexcore E56 picture
CHAS-1U-AC/DC Cisco SourceFire Network Firewall 100GB SSD Intel Xeon Hexcore E56
$790.0


SourceFire CHAS-1U-AC/DC 2x Intel Xeon E5620 2.4GHz 24GB DDR3 256GB SSD picture
SourceFire CHAS-1U-AC/DC 2x Intel Xeon E5620 2.4GHz 24GB DDR3 256GB SSD
$379.99


Netronome NFE-3240 Flow Engine for SourceFire 3D / Cisco FirePower 2x with all picture
Netronome NFE-3240 Flow Engine for SourceFire 3D / Cisco FirePower 2x with all
$199.0


CISCO SOURCEfire firePOWER 3D8000 rail kit for firePOWER 8350, 8360, 8370 & 8390 picture
CISCO SOURCEfire firePOWER 3D8000 rail kit for firePOWER 8350, 8360, 8370 & 8390
$299.0