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Cisco Systems, Inc. Message Board

  • adspatz adspatz Oct 8, 2013 10:43 AM Flag

    Cisco completes Sourcefire acquisition

    Search for "SEC Live Filings Digest" to find out more.
    Cisco Systems, Inc. (CSCO) announced it has completed its acquisition of cybersecurity company Sourcefire. This move by Cisco marks another important gain as the company now boasts one of the industry’s most comprehensive cybersecurity portfolios. The transaction, valued at around $2.7B, involves Cisco purchasing every share of Sourcefire for $76.00 per share and assuming some outstanding equity awards. Cisco Security Group senior vice president Christopher Young commented that the acquisition and Cisco’s portfolio offers comprehensive solutions for customers before, during, and after a cyber attack. Martin Roesch, founder and chief technology officer of Sourcefire, will now become vice president and chief architect for Cisco Security Group. All Sourcefire shares will be delisted from the NASDAQ stock exchange by close of business today.

 
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