FIRE
Sourcefire, Inc.NASDAQ
FIRE is defunct.
  • Jul. 23, 2013, 9:29 AM

    Cisco (CSCO) appears to have two main goals with the Sourcefire (FIRE) acquisition: 1) To grow its exposure to the intrusion prevention system (IPS) space, which is growing rapidly as reports of major hacking incidents put governments and enterprises on edge. Sourcefire, the IPS market's leader, has been expected to grow 25% in 2013. Cisco's security sales fell 4% Y/Y last quarter. 2) To develop end-to-end security platforms that combine traditional firewall tools with more software-centric offerings providing application/service-level security and a deeper understanding of user activity. Palo Alto Networks (PANW - next-gen firewall leader) and Fortinet (FTNT - UTM hardware leader) are each addressing this trend in their own ways. (PR) (John Chambers' security "blank check")

    | Jul. 23, 2013, 9:29 AM
  • Jul. 23, 2013, 8:10 AM

    Cisco (CSCO) agrees to acquire cyber-security company Sourcefire (FIRE) for $2.7B, with the offer of $76 a share representing a 29% premium to the latter's closing price of $59.08 yesterday. (PR)

    | Jul. 23, 2013, 8:10 AM | 3 Comments
  • Jul. 9, 2013, 5:09 PM

    Jive Software (JIVE), Millennial Media (MM), Tangoe (TNGO), Qlik (QLIK), and Sourcefire (FIRE) are possible acquisition targets as IT giants continue eying software plays, thinks Bernstein's Toni Sacconaghi (ed: Millennial is an ad services firm, and Sourcefire sells both security hardware and software). With PC and enterprise hardware (I, II) demand slumping, hardware vendors have plenty of incentive to grow their software exposure. Sacconaghi estimates software has made up over 60% of acquisitions for IT hardware firms since '02, services 23%, and hardware/other 14%.

    | Jul. 9, 2013, 5:09 PM | 1 Comment
  • Jan. 14, 2013, 2:08 PM
    John Chambers recently said he gave Chris Young, the SVP in charge of Cisco's (CSCO) security ops, a "blank check" to hire and acquire as necessary over the next 2-3 years. Moreover, sources tell Reuters Cisco has been actively looking for security acquisitions. Chambers' motivation: while Cisco's security ops post modest growth, upstarts such as PANW, FTNT, and FIRE are growing much faster thanks to their focus on segments such as next-gen firewalls, UTM hardware, and IPS systems, products that offer deeper analysis of content/apps than traditional firewalls.
    | Jan. 14, 2013, 2:08 PM | 1 Comment
  • Aug. 15, 2012, 10:23 AM
    EMC COO David Goulder re-affirms his company's interest in buying security companies (previous). EMC, whose Q2 security software sales rose 13% Y/Y, has been looking to reduce its storage hardware exposure lately, as storage value-add increasingly shifts to software running on servers. Potential targets include richly-valued names such as Palo Alto Networks, Fortinet, and Sourcefire, and less costly vendors such as Vasco Data, IntraLinks, and Websense.
    | Aug. 15, 2012, 10:23 AM