Fergie's Tech Blog

Check Point to acquire Sourcefire

Dawn Kawamoto writes in C|Net News:

Check Point Software Technologies plans to acquire intrusion-prevention company Sourcefire in a $225 million deal, as it seeks to expand beyond its core firewall and virtual private network businesses.

The acquisition marks a rare decision by Check Point to buy, rather than build, its security technology. But in acquiring Sourcefire, Check Point may be reacting to pressure as networking giants such as Cisco Systems and Juniper Networks and software giant Microsoft focus more and more on security.

Under the deal, Check Point will pay $225 million in cash and assume Sourcefire's stock option plan. The deal is expected to close in the first quarter of next year, pending shareholder and regulatory approval.

posted by Fergie @ 10/06/2005 07:59:00 AM