ritchie58 Posted January 6, 2011 Report Share Posted January 6, 2011 Network security company Sourcefire is acquiring Immunet, a cloud-based anti-malware start-up, for $21 million in cash, the companies announced today. The acquisition expands the cloud-based offerings for Sourcefire, creator of the open-source Snort intrusion detection technology. Columbia, Md.-based Sourcefire said it will not lay off any of Immunet's full-time staff, which is based in Palo Alto, Calif. Sourcefire paid $17 million at the closing of the deal and will pay $4 million during the next 18 months dependent on product delivery milestones, the companies said in a statement. Immunet Chief Executive Oliver Friedrich co-founded SecurityFocus, which Symantec acquired in 2002, and Secure Networks, which McAfee bought in 1998. The acquisition announcement comes on the heels of news yesterday that Dell is acquiring SecureWorks. Originally Posted: Insecurity Complex by Elinor Mills Link to comment Share on other sites More sharing options...
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