Cisco Completes Acquisition of Sourcefire

Cisco Completes Acquisition of Sourcefire 
SAN JOSE, CA -- (Marketwired) -- 10/07/13 --  Cisco (NASDAQ: CSCO)
today announced it has completed the acquisition of Sourcefire
(NASDAQ: FIRE), a leader in intelligent cybersecurity solutions. With
the close of this acquisition, Cisco will provide one of the
industry's most comprehensive advanced threat protection portfolios,
as well as a broad set of enforcement and remediation options that
are integrated, pervasive, continuous and open.  
The increased scrutiny on security is being driven by the evolving
trends of mobility, cloud computing, and advanced targeted attacks.
More than the attacks themselves, a major consideration is the change
in what defines a network, which goes beyond traditional firewalls
and includes data centers, endpoints, virtual and mobile to make up
the extended network. A threat-centric security model lets defenders
address the full attack continuum, across all attack vectors, and
respond at any time, all the time.  
"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 Christopher Young, senior vice president,
Cisco Security Group. "Cisco's portfolio of integrated solutions
support this focus by delivering unmatched visibility and continuous
advanced threat protection, allowing customers to act smarter and
more quickly -- before, during, and after an attack." 
Cisco and Sourcefire customers will benefit from Cisco's commitment
to drive forward both the ASA and FirePOWER(TM) platforms. Cisco is
also committed to open source innovation and will continue to support
Snort(R), ClamAV(R) and other open source projects.  
With the completion of the transaction, Sourcefire employees join the
Cisco Security Group led by Young. Additionally, Martin Roesch,
founder and chief technology officer of Sourcefire, becomes vice
president and chief architect for Cisco's Security Group reporting
directly to Young. 
Under the terms of the agreement, Cisco is paying $76 per share in
cash in exchange for each share of Sourcefire and assuming
outstanding equity awards for an aggregate purchase price of
approximately $2.7 billion, inclu
ding retention-based incentives.
Cisco expects the acquisition to be slightly dilutive to non-GAAP
earnings in fiscal year 2014 due to normal purchase accounting
adjustments and integration costs. All shares of Sourcefire are
expected to be delisted from the NASDAQ stock market by the close of
business today. 
Additional Information:  


 
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Tags / Keywords: 
Cisco, Sourcefire, security, cybersecurity, opensource 
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company. 
Forward-Looking Statements  
This written communication may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including
statements regarding Cisco providing one of the industry's most
comprehensive advanced threat protection portfolios as well as a
broad set of enforcement and remediation options, the expected
benefits to Cisco and its customers, the expected financial
performance of Cisco (including earnings projections) following
completion of the acquisition, and plans regarding Sourcefire
personnel. Statements regarding future events are based on Cisco's
current expectations and are necessarily subject to associated risks
related to, among other things, the potential impact on the business
of Sourcefire as a result of the acquisition, general economic
conditions, the retention of employees of Sourcefire and the ability
of Cisco to successfully integrate Sourcefire's market opportunities,
technology, personnel and operations and to achieve expected
benefits. Therefore, actual results may differ materially and
adversely from those expressed in any forward-looking statements. For
information regarding other related risks, see the "Risk Factors"
section of Cisco's most recent report on Form 10-K filed with the SEC
on September 10, 2013. Cisco undertakes no obligation to revise or
update any forward-looking statements for any reason. 
Press Contact: 
Robyn Jenkins-Blum 
408-853-9848 
rojenkin@cisco.com  
Industry Analyst Contact: 
Trevor Bratton 
949-823-1212 
trbratto@cisco.com  
Investor Relations Contact:
Carol Villazon
408-527-6538
carolv@cisco.com 
 
 
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