[ISN] Cisco to Buy Sourcefire, a Cybersecurity Company, for $2.7 Billion

http://dealbook.nytimes.com/2013/07/23/cisco-to-buy-sourcefire-a-cybersecurity-company-for-2-7-billion/ BY MICHAEL J. DE LA MERCED Dealbook The New York Times July 23, 2013 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. 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




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