Cisco Agrees to Acquire Sourcefire for About $2.7B

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July 23 (Bloomberg) -- Cisco agreed to acquire Sourcefire for about $2.7 billion, adding anti-hacking technology used extensively by the U.S. Government. Cory Johnson breaks down the deal on today's "DrillDown" on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Cisco's acquisitions are a frequent occurrence.

It is a big one for cisco in the security area.

This is specifically focused on some of these massive attacks.

In terms of how this business works, this encompasses a lot of the hardware and software that monitor the network.

These can be drawn out and we palled.

It is a pretty big deal for cisco.

It is a big deal in the security arena.

There has been a lot of application activity.

Why do they pay so much?

There are things they're working up in the product line.

This has led to dramatically frightening sales.

Sales numbers are very impressive.

There is the 27% praise.

It is growing at a pretty rapid clip.

That is really all about all of the hacking going on.

This company is not based in silicon valley.

In maryland, sourcefire does a lot of work for the government.

How does that play in?

Sourcefire government, as much as their business is growing, the government business grew last year.

Not only does it grow.

It is the fastest customer type for the company.

There is probably no accident that the nsa is in the government.

Is the kind of thing the government is hot for.

It is grown pretty rapidly.

All right.

Cory johnson, our editor at large.

This text has been automatically generated. It may not be 100% accurate.

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