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Cisco acquires Sourcefire

Cisco acquires Sourcefire 

“Sourcefire aligns well with Cisco’s future vision for security and supports the key pillars of our security strategy,” said Hilton Romanski, VP, corporate development. Through our shared view of the critical role the network must play in cyber security and threat defense, we have a unique opportunity to deliver the most comprehensive approach to security in the market.”

Sourcefire’s executives also expressed enthusiasm about the acquisition. Martin Roesch, founder and chief technology officer at the company, commented, “Cisco’s acquisition of Sourcefire will help accelerate the realization of our vision for a new model of security across the extended network. We’re excited about the opportunities ahead to expand our footprint via Cisco’s global reach, as well as Cisco’s commitment to support our pace of innovation in both commercial markets and the open source community.”

The acquisition is expected to close during the second half of 2013, subject to customary closing conditions and regulatory reviews. After the completion of the transaction, Sourcefire’s employees will join Cisco’s security group, under the leadership of SVP Christopher Young. Sourcefire’s security technology and products will be added to Cisco’s existing and future product lines. Moreover, Sourcefire’s research teams will contribute their security expertise to keep Cisco customers safe from threats.{mospagebreak}Analysts speculate that Cisco acquired the cyber security technology firm in order to bolster its weak position in the network security industry. It has lost market share in recent years to companies such as Palo Alto Networks and Check Point, which have been more effective at developing complex firewalls to be used in web applications, cloud computing and social media. 

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