In the latest in a long string of mergers and acquisitions in the security segment, Check Point Software Technologies yesterday said it signed a definitive agreement to acquire Sourcefire for about US$225 million in cash and stock. Sourcefire is the developer behind Snort, an open-source intrusion prevention and detection technology. That’s an overall market that In-Stat/MDR predicts will reach $1.3 billion by 2007. Check Point said it expects Sourcefire to strengthen its perimeter, internal, Web and endpoint security portfolio.
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Check Point Acquires Sourcefire in $225 Million Deal
Posted by: Jennifer LeClaire October 7, 2005 08:11 AMIn the latest in a long string of mergers and acquisitions in the security segment, Check Point Software Technologies yesterday said it signed a definitive agreement to acquire Sourcefire for about US$225 million in cash and stock. Sourcefire is the developer behind Snort, an open-source intrusion prevention and detection technology. That’s an overall market that In-Stat/MDR predicts will reach $1.3 billion by 2007. Check Point said it expects Sourcefire to strengthen its perimeter, internal, Web and endpoint security portfolio.