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  • Wednesday, April 24, 2024

Cisco Completes $2.7B Acquisition of Sourcefire

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Cisco (NASDAQ: CSCO) has completed the acquisition of security software firm Sourcefire for approximately $2.7 billion, or $76 per share in cash.

The acquisition is intended to grow Cisco’s advanced threat protection portfolio and provide customers with integrated, pervasive and open enforcement and remediation options, Cisco announced Monday.

Sourcefire employees will join the Cisco Security Group led by Christopher Young, senior vice president.

“To truly protect against all possible attack vectors, our focus is to examine the nature of modern networked environments and devices and to defend them by deeply understanding and analyzing the mindset of the attackers, ” said Young.

Martin Roesch, Sourcefire chief technology officer and founder, will become the group’s vice president and chief architect.

The companies first announced the deal in late July.

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